News headlines about First Midwest Bancorp (NASDAQ:FMBI) have trended somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. First Midwest Bancorp earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 31 out of 100, indicating that recent media coverage is unlikely to have an impact on the stock’s share price in the near future.
These are some of the news headlines that may have effected Accern’s rankings:
- First Midwest Bancorp, Inc. (FMBI) Shares Bought by Vanguard Group Inc (hoyentv.com)
- First Midwest Bancorp, Inc. (FMBI) Downgraded to Sell at BidaskClub (americanbankingnews.com)
- First Midwest Bancorp, Inc. (FMBI) Short Interest Up 60.1% in June (americanbankingnews.com)
- ETFs with exposure to First Midwest Bancorp, Inc. (Illinois) : July 14, 2017 (finance.yahoo.com)
- First Internet Bancorp (NASDAQ:INBK) Earning Positive Press Coverage, Analysis Finds (bulhufas.com)
Several brokerages recently weighed in on FMBI. BidaskClub cut shares of First Midwest Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Zacks Investment Research raised shares of First Midwest Bancorp from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Friday, July 7th. Jefferies Group LLC reaffirmed a “buy” rating and set a $27.00 price target on shares of First Midwest Bancorp in a research report on Sunday, June 11th. FIG Partners upgraded shares of First Midwest Bancorp from a “market perform” rating to an “outperform” rating in a report on Friday, May 19th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $25.00 price objective on shares of First Midwest Bancorp in a report on Wednesday, April 12th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. First Midwest Bancorp has a consensus rating of “Buy” and a consensus target price of $26.50.
Shares of First Midwest Bancorp (NASDAQ:FMBI) opened at 23.27 on Tuesday. First Midwest Bancorp has a 1-year low of $18.26 and a 1-year high of $25.83. The stock has a market cap of $2.61 billion, a price-to-earnings ratio of 20.67 and a beta of 1.16. The firm has a 50-day moving average of $22.89 and a 200 day moving average of $23.76.
First Midwest Bancorp (NASDAQ:FMBI) last posted its quarterly earnings results on Tuesday, April 25th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.34. First Midwest Bancorp had a net margin of 16.73% and a return on equity of 7.91%. The company had revenue of $155.15 million during the quarter, compared to analyst estimates of $162 million. During the same period last year, the firm posted $0.27 EPS. Equities research analysts forecast that First Midwest Bancorp will post $1.34 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, July 11th. Stockholders of record on Friday, June 30th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.72%. This is a positive change from First Midwest Bancorp’s previous quarterly dividend of $0.09. The ex-dividend date was Wednesday, June 28th. First Midwest Bancorp’s payout ratio is 35.09%.
In other news, Director Thomas Lynn Brown bought 3,000 shares of the business’s stock in a transaction dated Tuesday, June 13th. The stock was purchased at an average cost of $24.06 per share, with a total value of $72,180.00. Following the acquisition, the director now directly owns 3,000 shares in the company, valued at $72,180. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.48% of the stock is owned by insiders.
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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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