First Midwest Bancorp (FMBI) Given Daily Coverage Optimism Score of 0.19
News stories about First Midwest Bancorp (NASDAQ:FMBI) have trended somewhat positive recently, according to Accern Sentiment. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. First Midwest Bancorp earned a news sentiment score of 0.19 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 45.7310247301841 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- 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)
- Form 8-K FIRST MIDWEST BANCORP For: Sep 26 (streetinsider.com)
- When Should You Sell First Midwest Bancorp Inc (FMBI)? (finance.yahoo.com)
- Buy Financial Stock analysis: First Midwest Bancorp, Inc. (FMBI) – Street Observer (press release) (streetobserver.com)
Shares of First Midwest Bancorp (FMBI) opened at 23.00 on Thursday. First Midwest Bancorp has a 52 week low of $18.75 and a 52 week high of $25.83. The company has a market cap of $2.36 billion, a P/E ratio of 19.73 and a beta of 1.16. The company’s 50-day moving average price is $21.88 and its 200 day moving average price is $22.66.
First Midwest Bancorp (NASDAQ:FMBI) last posted its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $0.35 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.01). First Midwest Bancorp had a net margin of 17.30% and a return on equity of 7.81%. The company had revenue of $162.53 million during the quarter, compared to analyst estimates of $164.02 million. During the same period in the prior year, the business posted $0.32 EPS. Equities research analysts anticipate that First Midwest Bancorp will post $1.30 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 10th. Investors of record on Friday, September 29th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.40 annualized dividend and a dividend yield of 1.74%. First Midwest Bancorp’s dividend payout ratio is presently 34.19%.
A number of research analysts have recently weighed in on FMBI shares. Zacks Investment Research raised First Midwest Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. BidaskClub raised First Midwest Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Piper Jaffray Companies raised First Midwest Bancorp from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $25.00 to $26.00 in a research note on Monday, July 24th. ValuEngine downgraded First Midwest Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Jefferies Group LLC reissued a “buy” rating and set a $27.00 target price on shares of First Midwest Bancorp in a research note on Sunday, June 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. First Midwest Bancorp presently has an average rating of “Hold” and a consensus target price of $26.17.
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In related news, Director Patrick J. Mcdonnell sold 3,500 shares of the stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $21.85, for a total value of $76,475.00. Following the completion of the sale, the director now owns 24,237 shares of the company’s stock, valued at $529,578.45. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.69% 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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