Chartwell Investment Partners LLC Has $13.86 Million Holdings in First Midwest Bancorp Inc (FMBI)

Chartwell Investment Partners LLC reduced its position in shares of First Midwest Bancorp Inc (NASDAQ:FMBI) by 3.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 577,255 shares of the financial services provider’s stock after selling 21,685 shares during the period. Chartwell Investment Partners LLC owned 0.56% of First Midwest Bancorp worth $13,860,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. New York State Common Retirement Fund raised its holdings in First Midwest Bancorp by 23.9% during the 2nd quarter. New York State Common Retirement Fund now owns 109,200 shares of the financial services provider’s stock valued at $2,545,000 after buying an additional 21,099 shares during the last quarter. Parametric Portfolio Associates LLC grew its position in shares of First Midwest Bancorp by 15.4% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 190,758 shares of the financial services provider’s stock worth $4,447,000 after buying an additional 25,470 shares during the period. Voya Investment Management LLC grew its position in shares of First Midwest Bancorp by 20.4% in the 2nd quarter. Voya Investment Management LLC now owns 42,818 shares of the financial services provider’s stock worth $998,000 after buying an additional 7,266 shares during the period. State Street Corp grew its position in shares of First Midwest Bancorp by 21.5% in the 2nd quarter. State Street Corp now owns 3,645,798 shares of the financial services provider’s stock worth $84,982,000 after buying an additional 644,968 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in First Midwest Bancorp by 24.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 76,933 shares of the financial services provider’s stock worth $1,794,000 after purchasing an additional 15,052 shares in the last quarter. 83.52% of the stock is currently owned by institutional investors.

First Midwest Bancorp Inc (NASDAQ FMBI) traded down $0.50 during trading hours on Friday, hitting $24.56. The stock had a trading volume of 302,100 shares, compared to its average volume of 626,181. First Midwest Bancorp Inc has a fifty-two week low of $20.50 and a fifty-two week high of $26.48. The company has a market capitalization of $2,540.00, a P/E ratio of 20.30, a price-to-earnings-growth ratio of 2.07 and a beta of 1.18. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.98 and a current ratio of 0.97.

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 consensus estimate of $0.37 by ($0.03). The firm had revenue of $154.24 million for the quarter, compared to analysts’ expectations of $162.84 million. First Midwest Bancorp had a net margin of 14.59% and a return on equity of 7.69%. During the same quarter in the prior year, the business posted $0.32 EPS. analysts forecast that First Midwest Bancorp Inc will post 1.73 EPS for the current fiscal year.

In other First Midwest Bancorp news, Director Robert P. Omeara sold 50,000 shares of First Midwest Bancorp stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $24.56, for a total value of $1,228,000.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.69% of the stock is owned by insiders.

A number of equities analysts recently issued reports on the stock. Zacks Investment Research cut shares of First Midwest Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th. Piper Jaffray Companies restated a “buy” rating and set a $29.00 target price on shares of First Midwest Bancorp in a research note on Tuesday, January 9th. Sandler O’Neill set a $26.00 price objective on shares of First Midwest Bancorp and gave the stock a “hold” rating in a research note on Wednesday, January 3rd. BidaskClub upgraded shares of First Midwest Bancorp from a “hold” rating to a “buy” rating in a research note on Tuesday, January 16th. Finally, Jefferies Group reissued a “buy” rating and issued a $28.00 target price on shares of First Midwest Bancorp in a report on Friday, December 8th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. First Midwest Bancorp presently has an average rating of “Buy” and an average price target of $26.67.

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About First Midwest Bancorp

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.

Institutional Ownership by Quarter for First Midwest Bancorp (NASDAQ:FMBI)

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