Media stories about First Midwest Bancorp (NASDAQ:FMBI) have trended positive on Saturday, according to Alpha One Sentiment Analysis. Alpha One, a service of Accern, identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. First Midwest Bancorp earned a news sentiment score of 0.34 on Alpha One’s scale. Alpha One also gave media headlines about the financial services provider an impact score of 66 out of 100, indicating that recent news coverage is likely to have an impact on the stock’s share price in the near term.
These are some of the media headlines that may have effected Alpha One’s scoring:
A number of research firms have recently weighed in on FMBI. Zacks Investment Research downgraded shares of First Midwest Bancorp from a “buy” rating to a “hold” rating in a report on Friday, April 28th. Jefferies Group LLC restated a “buy” rating and set a $27.00 price target on shares of First Midwest Bancorp in a report on Wednesday, April 5th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $25.00 price target on shares of First Midwest Bancorp in a report on Wednesday, April 12th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $25.20.
First Midwest Bancorp (NASDAQ:FMBI) traded up 0.65% on Friday, hitting $23.20. 886,263 shares of the stock were exchanged. The stock has a market capitalization of $2.38 billion, a P/E ratio of 20.60 and a beta of 1.22. The company has a 50 day moving average of $23.19 and a 200 day moving average of $23.49. First Midwest Bancorp has a one year low of $15.86 and a one year high of $25.83.
First Midwest Bancorp (NASDAQ:FMBI) last issued its quarterly earnings data on Tuesday, April 25th. The financial services provider reported $0.34 earnings per share for the quarter, meeting the Thomson Reuters’ 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 period in the prior year, the firm earned $0.27 earnings per share. On average, equities research analysts forecast that First Midwest Bancorp will post $1.42 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 11th. Stockholders of record on Friday, March 24th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend was Wednesday, March 22nd. First Midwest Bancorp’s payout ratio is presently 31.58%.
In other news, EVP Robert P. Diedrich sold 7,673 shares of the stock in a transaction dated Wednesday, February 8th. The shares were sold at an average price of $23.70, for a total value of $181,850.10. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Arsdell Stephen C. Van acquired 14,000 shares of the company’s stock in a transaction dated Tuesday, March 7th. The stock was bought at an average cost of $24.39 per share, for a total transaction of $341,460.00. Following the completion of the transaction, the director now directly owns 14,000 shares of the company’s stock, valued at $341,460. The disclosure for this purchase can be found here. 2.48% of the stock is owned by corporate 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.