Media headlines about First Midwest Bancorp (NASDAQ:FMBI) have trended somewhat positive recently, Accern reports. The research firm identifies negative and positive media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. First Midwest Bancorp earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 45.6989186974441 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- First Midwest Bancorp Inc (FMBI) Receives Average Recommendation of “Buy” from Brokerages (americanbankingnews.com)
- First Midwest Bancorp (FMBI) Upgraded to Outperform at Raymond James Financial (americanbankingnews.com)
- First Midwest Bancorp (FMBI) Lifted to Outperform at UBS (americanbankingnews.com)
- First Midwest Bancorp (FMBI) Upgraded by BidaskClub to Buy (americanbankingnews.com)
- First Midwest Bancorp (FMBI) Stock Rating Lowered by BidaskClub (americanbankingnews.com)
A number of equities research analysts have issued reports on FMBI shares. UBS upgraded shares of First Midwest Bancorp from a “market perform” rating to an “outperform” rating in a report on Wednesday. Raymond James Financial upgraded shares of First Midwest Bancorp from a “market perform” rating to an “outperform” rating in a report on Wednesday. Zacks Investment Research lowered shares of First Midwest Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. Piper Jaffray reiterated a “buy” rating and set a $29.00 target price on shares of First Midwest Bancorp in a report on Tuesday, January 9th. Finally, Sandler O’Neill set a $26.00 target price on shares of First Midwest Bancorp and gave the stock a “hold” rating in a report on Wednesday, January 3rd. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $26.67.
First Midwest Bancorp (NASDAQ:FMBI) last announced its quarterly earnings results on Monday, January 29th. The financial services provider reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.03). First Midwest Bancorp had a return on equity of 7.69% and a net margin of 14.59%. The company had revenue of $154.24 million for the quarter, compared to analyst estimates of $162.84 million. During the same quarter in the prior year, the business earned $0.32 earnings per share. equities research analysts expect that First Midwest Bancorp will post 1.72 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 10th. Investors of record on Friday, March 23rd will be paid a dividend of $0.11 per share. This is a positive change from First Midwest Bancorp’s previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a yield of 1.79%. The ex-dividend date is Thursday, March 22nd. First Midwest Bancorp’s dividend payout ratio (DPR) is currently 45.83%.
In other First Midwest Bancorp news, Director Robert P. Omeara sold 25,300 shares of the firm’s stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of $26.00, for a total transaction of $657,800.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Mark G. Sander sold 42,328 shares of the firm’s stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $26.11, for a total transaction of $1,105,184.08. Following the transaction, the insider now directly owns 234,017 shares in the company, valued at $6,110,183.87. The disclosure for this sale can be found here. Insiders have sold a total of 91,382 shares of company stock worth $2,388,662 over the last quarter. 1.69% of the stock is owned by company insiders.
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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