First Midwest Bancorp Inc (NASDAQ:FMBI) Director Robert P. Omeara sold 5,200 shares of the stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $26.50, for a total value of $137,800.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Robert P. Omeara also recently made the following trade(s):
- On Wednesday, March 7th, Robert P. Omeara sold 25,300 shares of First Midwest Bancorp stock. The stock was sold at an average price of $26.00, for a total value of $657,800.00.
First Midwest Bancorp Inc (NASDAQ FMBI) opened at $26.12 on Friday. The firm has a market capitalization of $2,669.96, a PE ratio of 18.51, a PEG ratio of 2.14 and a beta of 1.16. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.49. First Midwest Bancorp Inc has a 1-year low of $20.50 and a 1-year high of $26.55.
First Midwest Bancorp (NASDAQ:FMBI) last announced its quarterly earnings data on Monday, January 29th. The financial services provider reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.03). The company had revenue of $154.24 million during the quarter, compared to the consensus estimate 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 previous year, the business earned $0.32 EPS. sell-side analysts expect that First Midwest Bancorp Inc will post 1.73 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 10th. Stockholders of record on Friday, March 23rd will be issued a $0.11 dividend. This is a boost from First Midwest Bancorp’s previous quarterly dividend of $0.10. The ex-dividend date is Thursday, March 22nd. This represents a $0.44 annualized dividend and a dividend yield of 1.68%. First Midwest Bancorp’s dividend payout ratio (DPR) is presently 41.67%.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Xact Kapitalforvaltning AB bought a new position in First Midwest Bancorp during the fourth quarter worth about $289,000. MetLife Investment Advisors LLC bought a new position in First Midwest Bancorp during the fourth quarter worth about $1,150,000. Castleark Management LLC bought a new position in First Midwest Bancorp during the fourth quarter worth about $8,905,000. Macquarie Group Ltd. grew its holdings in First Midwest Bancorp by 6.7% during the fourth quarter. Macquarie Group Ltd. now owns 2,739,049 shares of the financial services provider’s stock worth $65,765,000 after purchasing an additional 171,119 shares during the period. Finally, Meadow Creek Investment Management LLC grew its holdings in First Midwest Bancorp by 25.1% during the fourth quarter. Meadow Creek Investment Management LLC now owns 20,536 shares of the financial services provider’s stock worth $493,000 after purchasing an additional 4,114 shares during the period. Institutional investors own 83.70% of the company’s stock.
A number of equities analysts have issued reports on the company. Zacks Investment Research cut First Midwest Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. BidaskClub upgraded First Midwest Bancorp from a “hold” rating to a “buy” rating in a report on Saturday, February 10th. Piper Jaffray Companies reiterated a “buy” rating and set a $29.00 target price on shares of First Midwest Bancorp in a report on Tuesday, January 9th. Sandler O’Neill set a $26.00 target price on First Midwest Bancorp and gave the stock a “hold” rating in a report on Wednesday, January 3rd. Finally, Jefferies Group reiterated a “buy” rating and set 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 assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus 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.
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