Media coverage about First Midwest Bancorp (NASDAQ:FMBI) has been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. First Midwest Bancorp earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 46.7158610205639 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have effected Accern’s rankings:
- FY2017 Earnings Estimate for First Midwest Bancorp, Inc. Issued By DA Davidson (FMBI) (americanbankingnews.com)
- First Midwest Bancorp, Inc. (FMBI) Cut to Sell at Zacks Investment Research (americanbankingnews.com)
- DA Davidson Comments on First Midwest Bancorp, Inc.’s Q3 2017 Earnings (FMBI) (americanbankingnews.com)
- First Midwest Bancorp, Inc. (FMBI) Given Average Recommendation of “Hold” by Analysts (americanbankingnews.com)
FMBI has been the subject of a number of research reports. Zacks Investment Research upgraded shares of First Midwest Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. BidaskClub upgraded shares of First Midwest Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Piper Jaffray Companies upgraded shares of First Midwest Bancorp from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $25.00 to $26.00 in a research note on Monday, July 24th. ValuEngine lowered shares of First Midwest Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, FIG Partners lowered shares of First Midwest Bancorp from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $26.00 to $25.00 in a research note on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $26.17.
Shares of First Midwest Bancorp (NASDAQ FMBI) opened at 23.55 on Wednesday. First Midwest Bancorp has a 1-year low of $18.75 and a 1-year high of $25.83. The stock has a market capitalization of $2.42 billion, a price-to-earnings ratio of 20.20 and a beta of 1.16. The stock has a 50 day moving average price of $22.16 and a 200 day moving average price of $22.66.
First Midwest Bancorp (NASDAQ:FMBI) last posted its earnings results on Tuesday, July 25th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.01). The business had revenue of $162.53 million for the quarter, compared to analyst estimates of $164.02 million. First Midwest Bancorp had a net margin of 17.30% and a return on equity of 7.81%. During the same quarter in the prior year, the firm earned $0.32 earnings per share. Equities research analysts anticipate that First Midwest Bancorp will post $1.30 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 10th. Investors of record on Friday, September 29th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.40 dividend on an annualized basis and a yield of 1.70%. First Midwest Bancorp’s dividend payout ratio is presently 34.19%.
In related news, Director Patrick J. Mcdonnell sold 3,500 shares of the business’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $21.85, for a total transaction of $76,475.00. Following the completion of the transaction, the director now directly owns 24,237 shares in the company, valued at $529,578.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.69% of the company’s stock.
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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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