First Midwest Bancorp Inc (NASDAQ:FMBI) – Stock analysts at SunTrust Banks increased their Q2 2018 EPS estimates for First Midwest Bancorp in a note issued to investors on Monday. SunTrust Banks analyst M. Young now forecasts that the financial services provider will post earnings per share of $0.45 for the quarter, up from their previous estimate of $0.37. SunTrust Banks also issued estimates for First Midwest Bancorp’s Q4 2018 earnings at $0.51 EPS, FY2018 earnings at $1.87 EPS and FY2019 earnings at $2.12 EPS.

A number of other research analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of First Midwest Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. Jefferies Group restated a “buy” rating and set a $28.00 target price on shares of First Midwest Bancorp in a research note on Friday, December 8th. Keefe, Bruyette & Woods restated a “hold” rating and set a $23.00 target price on shares of First Midwest Bancorp in a research note on Thursday, October 26th. Sandler O’Neill set a $26.00 target price on shares of First Midwest Bancorp and gave the company a “hold” rating in a research note on Wednesday, January 3rd. Finally, Piper Jaffray Companies restated a “buy” rating and set a $26.00 target price on shares of First Midwest Bancorp in a research note on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. First Midwest Bancorp has a consensus rating of “Hold” and an average target price of $26.17.

First Midwest Bancorp (NASDAQ:FMBI) traded up $0.47 on Wednesday, hitting $25.14. 642,600 shares of the company were exchanged, compared to its average volume of 592,586. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.98 and a current ratio of 0.98. First Midwest Bancorp has a 52 week low of $20.50 and a 52 week high of $25.86. The stock has a market cap of $2,580.00, a PE ratio of 21.13, a price-to-earnings-growth ratio of 2.21 and a beta of 1.17.

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

A number of hedge funds have recently made changes to their positions in FMBI. Pacad Investment Ltd. lifted its stake in First Midwest Bancorp by 41.9% in the 2nd quarter. Pacad Investment Ltd. now owns 4,400 shares of the financial services provider’s stock worth $103,000 after purchasing an additional 1,300 shares in the last quarter. Zions Bancorporation purchased a new stake in First Midwest Bancorp in the 3rd quarter worth $112,000. Quantbot Technologies LP purchased a new stake in First Midwest Bancorp in the 3rd quarter worth $118,000. Riverhead Capital Management LLC lifted its stake in First Midwest Bancorp by 40.9% in the 2nd quarter. Riverhead Capital Management LLC now owns 6,200 shares of the financial services provider’s stock worth $145,000 after purchasing an additional 1,800 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in First Midwest Bancorp by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 7,862 shares of the financial services provider’s stock worth $183,000 after purchasing an additional 1,179 shares in the last quarter. Institutional investors and hedge funds own 81.33% of the company’s stock.

In other First Midwest Bancorp news, Director Robert P. Omeara sold 50,000 shares of the business’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $24.56, for a total value of $1,228,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.69% of the stock is owned by insiders.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 9th. Shareholders of record on Friday, December 22nd were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend was Thursday, December 21st. First Midwest Bancorp’s payout ratio is currently 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.

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

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