News stories about First Midwest Bancorp (NASDAQ:FMBI) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by monitoring more than 20 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 media sentiment score of 0.17 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 45.7255799889783 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
NASDAQ FMBI opened at $24.92 on Friday. First Midwest Bancorp has a fifty-two week low of $20.50 and a fifty-two week high of $26.55. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a market cap of $2,527.08, a price-to-earnings ratio of 18.46, a P/E/G ratio of 2.05 and a beta of 1.12.
First Midwest Bancorp (NASDAQ:FMBI) last posted its earnings results 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). First Midwest Bancorp had a net margin of 14.59% and a return on equity of 7.69%. The company had revenue of $154.24 million for the quarter, compared to the consensus estimate of $162.84 million. During the same quarter last year, the business earned $0.32 earnings per share. analysts anticipate that First Midwest Bancorp will post 1.71 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, April 10th. Shareholders of record on Friday, March 23rd were issued a dividend of $0.11 per share. This is a positive change from First Midwest Bancorp’s previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a yield of 1.77%. The ex-dividend date of this dividend was Thursday, March 22nd. First Midwest Bancorp’s dividend payout ratio (DPR) is 32.59%.
FMBI has been the subject of several recent research reports. BidaskClub upgraded First Midwest Bancorp from a “hold” rating to a “buy” rating in a report on Tuesday, January 16th. ValuEngine lowered First Midwest Bancorp from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Sandler O’Neill set a $26.00 price objective on First Midwest Bancorp and gave the stock a “hold” rating in a report on Wednesday, January 3rd. UBS upgraded First Midwest Bancorp from a “market perform” rating to an “outperform” rating in a report on Wednesday, March 28th. Finally, Zacks Investment Research upgraded First Midwest Bancorp from a “hold” rating to a “buy” rating and set a $29.00 target price on the stock in a report on Friday, January 12th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $26.67.
In other First Midwest Bancorp news, CEO Michael L. Scudder sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of $26.15, for a total transaction of $130,750.00. Following the transaction, the chief executive officer now directly owns 81,720 shares in the company, valued at $2,136,978. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert P. Omeara sold 5,200 shares of the firm’s stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $26.50, for a total value of $137,800.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 91,382 shares of company stock worth $2,388,662. Corporate insiders own 1.69% of the company’s stock.
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First Midwest Bancorp Company Profile
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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