Equities analysts expect that First Midwest Bancorp, Inc. (NASDAQ:FMBI) will announce earnings of $0.36 per share for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for First Midwest Bancorp’s earnings. The lowest EPS estimate is $0.34 and the highest is $0.37. First Midwest Bancorp posted earnings of $0.32 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 12.5%. The firm is scheduled to announce its next earnings results on Tuesday, January 23rd.

On average, analysts expect that First Midwest Bancorp will report full-year earnings of $1.31 per share for the current financial year, with EPS estimates ranging from $1.28 to $1.40. For the next fiscal year, analysts forecast that the business will report earnings of $1.55 per share, with EPS estimates ranging from $1.50 to $1.61. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for First Midwest Bancorp.

First Midwest Bancorp (NASDAQ:FMBI) last issued its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.01. The firm had revenue of $163.24 million for the quarter, compared to analysts’ expectations of $164.81 million. First Midwest Bancorp had a return on equity of 7.89% and a net margin of 18.08%. During the same quarter in the previous year, the firm posted $0.32 EPS.

A number of equities research analysts have weighed in on FMBI shares. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $26.00 price objective on shares of First Midwest Bancorp in a report on Wednesday, October 4th. Zacks Investment Research lowered First Midwest Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $23.00 price objective on shares of First Midwest Bancorp in a report on Thursday, October 26th. ValuEngine raised First Midwest Bancorp from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. Finally, BidaskClub lowered First Midwest Bancorp from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. First Midwest Bancorp currently has a consensus rating of “Hold” and a consensus price target of $25.83.

In other news, Director Patrick J. Mcdonnell sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $21.85, for a total transaction of $76,475.00. Following the sale, the director now owns 24,237 shares of the company’s stock, valued at approximately $529,578.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.69% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of First Midwest Bancorp by 8.5% during the 2nd quarter. BlackRock Inc. now owns 11,210,324 shares of the financial services provider’s stock worth $261,312,000 after acquiring an additional 873,753 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of First Midwest Bancorp by 13.1% during the 2nd quarter. Vanguard Group Inc. now owns 8,957,728 shares of the financial services provider’s stock worth $208,804,000 after acquiring an additional 1,037,378 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of First Midwest Bancorp by 3.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 6,075,566 shares of the financial services provider’s stock worth $142,290,000 after acquiring an additional 192,379 shares in the last quarter. State Street Corp raised its position in shares of First Midwest Bancorp by 21.5% during the 2nd quarter. State Street Corp now owns 3,645,798 shares of the financial services provider’s stock worth $84,982,000 after purchasing an additional 644,968 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of First Midwest Bancorp by 20.1% during the 2nd quarter. Northern Trust Corp now owns 2,673,098 shares of the financial services provider’s stock worth $62,310,000 after purchasing an additional 446,786 shares during the last quarter. 80.91% of the stock is currently owned by institutional investors and hedge funds.

Shares of First Midwest Bancorp (NASDAQ:FMBI) traded up $0.45 during mid-day trading on Friday, reaching $23.92. The company had a trading volume of 522,100 shares, compared to its average volume of 772,268. The firm has a market cap of $2,470.00, a PE ratio of 17.01, a PEG ratio of 2.38 and a beta of 1.15. First Midwest Bancorp has a 1 year low of $20.50 and a 1 year high of $25.83. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.98 and a quick ratio of 0.98.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 9th. Stockholders of record on Friday, December 22nd will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Thursday, December 21st. First Midwest Bancorp’s dividend payout ratio (DPR) is 33.61%.

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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.

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Earnings History and Estimates for First Midwest Bancorp (NASDAQ:FMBI)

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