Media stories about First Midwest Bancorp (NASDAQ:FMBI) have been trending somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. First Midwest Bancorp earned a news impact score of 0.18 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 44.7140741204514 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have impacted Accern’s rankings:
- First Midwest Bancorp (FMBI) Upgraded to “Overweight” by Piper Jaffray (americanbankingnews.com)
- First Midwest Bancorp (FMBI) Stock Rating Lowered by FIG Partners (americanbankingnews.com)
- First Midwest Bancorp (FMBI) Downgraded to “Strong Sell” at BidaskClub (americanbankingnews.com)
- First Midwest Bancorp (FMBI) to Release Earnings on Monday (americanbankingnews.com)
NASDAQ FMBI opened at $24.68 on Wednesday. The stock has a market cap of $2,574.55, a PE ratio of 17.82, a price-to-earnings-growth ratio of 2.09 and a beta of 1.12. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.49. First Midwest Bancorp has a one year low of $20.50 and a one year high of $26.55.
First Midwest Bancorp (NASDAQ:FMBI) last released its quarterly earnings results on Monday, January 29th. The financial services provider reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.03). The business had revenue of $154.24 million for the quarter, compared to analyst estimates of $162.84 million. First Midwest Bancorp had a return on equity of 7.69% and a net margin of 14.59%. During the same period in the prior year, the business earned $0.32 EPS. research analysts anticipate that First Midwest Bancorp will post 1.71 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 10th. Stockholders of record on Friday, March 23rd were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, March 22nd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.78%. This is a positive change from First Midwest Bancorp’s previous quarterly dividend of $0.10. First Midwest Bancorp’s dividend payout ratio (DPR) is currently 32.59%.
Several equities analysts have weighed in on the company. BidaskClub lowered First Midwest Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, January 30th. Zacks Investment Research raised First Midwest Bancorp from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a research note on Friday, January 12th. Piper Jaffray reissued a “buy” rating and issued a $29.00 target price on shares of First Midwest Bancorp in a research note on Tuesday, January 9th. ValuEngine lowered First Midwest Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Finally, UBS raised First Midwest Bancorp from a “market perform” rating to an “outperform” rating in a research note on Wednesday, March 28th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $26.67.
In other news, Director Robert P. Omeara sold 5,000 shares of the firm’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $26.50, for a total transaction of $132,500.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert P. Omeara sold 25,300 shares of the firm’s stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of $26.00, for a total value of $657,800.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 91,382 shares of company stock worth $2,388,662. 1.69% of the stock is currently owned by insiders.
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About First Midwest Bancorp
First Midwest Bancorp, Inc operates as a bank holding company for First Midwest Bank that provides various banking products and services. The company accepts checking, NOW, money market, and savings accounts, as well as various types of short-term and long-term certificates of deposit. Its loan products include working capital loans and lines of credit; accounts receivable financing; inventory and equipment financing; sector-based lending, including healthcare, asset-based lending, structured finance, and syndications; agricultural loans; and mortgages, home equity lines and loans, personal loans, specialty loans, and auto loans, as well as funding for the construction, purchase, refinance, or improvement of commercial real estate properties.
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