News articles about First Midwest Bancorp (NASDAQ:FMBI) have trended somewhat positive recently, AlphaOne Sentiment reports. AlphaOne, a subsidiary of Accern, identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. First Midwest Bancorp earned a coverage optimism score of 0.07 on AlphaOne’s scale. AlphaOne also gave news headlines about the financial services provider an impact score of 70 out of 100, indicating that recent news coverage is likely to have an effect on the stock’s share price in the near future.
These are some of the news headlines that may have impacted Alpha One’s scoring:
- First Midwest Bancorp Inc (FMBI) Upgraded by FIG Partners to “Outperform” (americanbankingnews.com)
- First Midwest announces increase in cash dividend (qctimes.com)
- FIRST MIDWEST BANCORP INC : Regulation FD Disclosure (form 8-K) (4-traders.com)
- First Midwest Bancorp Inc (FMBI) Announces Dividend Increase – $0.10 Per Share (americanbankingnews.com)
- First Midwest Bancorp, Inc. Increases Cash Dividend to $0.10 Per Share (finance.yahoo.com)
First Midwest Bancorp (NASDAQ:FMBI) opened at 22.83 on Wednesday. The stock has a 50 day moving average price of $22.87 and a 200-day moving average price of $23.84. The company has a market cap of $2.56 billion, a price-to-earnings ratio of 20.28 and a beta of 1.22. First Midwest Bancorp has a 1-year low of $15.86 and a 1-year high of $25.83.
First Midwest Bancorp (NASDAQ:FMBI) last issued its earnings results on Tuesday, April 25th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.34. The company had revenue of $155.15 million for the quarter, compared to analyst estimates of $162 million. First Midwest Bancorp had a net margin of 17.08% and a return on equity of 7.79%. During the same quarter last year, the firm earned $0.27 EPS. On average, equities research analysts forecast that First Midwest Bancorp will post $1.35 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 11th. Stockholders of record on Friday, June 30th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 1.75%. The ex-dividend date of this dividend is Wednesday, June 28th. This is a positive change from First Midwest Bancorp’s previous quarterly dividend of $0.09. First Midwest Bancorp’s dividend payout ratio (DPR) is 31.58%.
Several research firms have recently weighed in on FMBI. FIG Partners upgraded First Midwest Bancorp from a “market perform” rating to an “outperform” rating in a research note on Friday, May 19th. Jefferies Group LLC reiterated a “buy” rating and set a $27.00 price objective on shares of First Midwest Bancorp in a research report on Wednesday, April 5th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $25.00 price objective on shares of First Midwest Bancorp in a research report on Wednesday, April 12th. Finally, Zacks Investment Research lowered First Midwest Bancorp from a “buy” rating to a “hold” rating in a report on Friday, April 28th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $25.20.
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In other First Midwest Bancorp news, Director Arsdell Stephen C. Van bought 14,000 shares of First Midwest Bancorp stock in a transaction dated Tuesday, March 7th. The shares were bought at an average price of $24.39 per share, with a total value of $341,460.00. Following the purchase, the director now owns 14,000 shares of the company’s stock, valued at $341,460. The transaction was disclosed in a document filed with the SEC, which is available at this link. 2.48% of the stock is currently 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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