First Midwest Bancorp Inc. (NASDAQ:FMBI) Director Robert P. Omeara sold 100,000 shares of First Midwest Bancorp stock in a transaction that occurred on Wednesday, November 30th. The shares were sold at an average price of $24.19, for a total transaction of $2,419,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

First Midwest Bancorp Inc. (NASDAQ:FMBI) traded up 1.12% during midday trading on Wednesday, hitting $24.28. 398,925 shares of the stock were exchanged. The stock has a market cap of $1.97 billion, a PE ratio of 22.05 and a beta of 1.12. The company’s 50 day moving average is $20.78 and its 200-day moving average is $19.15. First Midwest Bancorp Inc. has a 1-year low of $14.56 and a 1-year high of $24.57.

First Midwest Bancorp (NASDAQ:FMBI) last announced its earnings results on Tuesday, October 18th. The financial services provider reported $0.32 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.32. First Midwest Bancorp had a net margin of 16.72% and a return on equity of 7.71%. During the same period in the prior year, the company earned $0.30 EPS. On average, analysts expect that First Midwest Bancorp Inc. will post $1.22 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 10th. Investors of record on Friday, December 23rd will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend is Wednesday, December 21st. First Midwest Bancorp’s dividend payout ratio is currently 32.73%.

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A number of equities research analysts have weighed in on the stock. Zacks Investment Research lowered shares of First Midwest Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, September 6th. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of First Midwest Bancorp in a report on Wednesday, October 12th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $19.36.

Large investors have recently made changes to their positions in the stock. Raymond James & Associates increased its stake in shares of First Midwest Bancorp by 0.8% in the second quarter. Raymond James & Associates now owns 21,416 shares of the financial services provider’s stock worth $376,000 after buying an additional 167 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of First Midwest Bancorp by 3.3% in the third quarter. Victory Capital Management Inc. now owns 6,027 shares of the financial services provider’s stock worth $117,000 after buying an additional 194 shares in the last quarter. US Bancorp DE increased its stake in shares of First Midwest Bancorp by 0.6% in the second quarter. US Bancorp DE now owns 44,452 shares of the financial services provider’s stock worth $780,000 after buying an additional 250 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its stake in shares of First Midwest Bancorp by 1.5% in the third quarter. Municipal Employees Retirement System of Michigan now owns 22,930 shares of the financial services provider’s stock worth $444,000 after buying an additional 330 shares in the last quarter. Finally, BlackRock Inc. increased its stake in shares of First Midwest Bancorp by 2.3% in the third quarter. BlackRock Inc. now owns 21,886 shares of the financial services provider’s stock worth $423,000 after buying an additional 500 shares in the last quarter. 82.27% of the stock is currently owned by institutional investors and hedge funds.

First Midwest Bancorp Company Profile

First Midwest Bancorp, Inc is a bank holding company. The Company’s principal subsidiary, First Midwest Bank (the Bank), is an Illinois state-chartered bank and provides a range of banking, treasury and wealth management products and services, to commercial and industrial, commercial real estate, municipal and consumer customers.

5 Day Chart for NASDAQ:FMBI

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