First Midwest Bancorp (NASDAQ:FMBI) is scheduled to post its quarterly earnings results after the market closes on Tuesday, October 20th. Analysts expect First Midwest Bancorp to post earnings of $0.23 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.
First Midwest Bancorp (NASDAQ:FMBI) last posted its earnings results on Tuesday, July 21st. The financial services provider reported $0.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.04. The business had revenue of $178.23 million for the quarter, compared to analysts’ expectations of $185.80 million. First Midwest Bancorp had a net margin of 16.97% and a return on equity of 6.70%. On average, analysts expect First Midwest Bancorp to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
NASDAQ FMBI opened at $11.93 on Friday. First Midwest Bancorp has a 1-year low of $10.31 and a 1-year high of $23.64. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 9.18 and a beta of 1.27. The stock’s 50 day moving average is $11.76 and its two-hundred day moving average is $12.72. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 1.05.
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Friday, September 25th were issued a $0.14 dividend. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.69%. First Midwest Bancorp’s payout ratio is presently 28.28%.
FMBI has been the topic of several recent analyst reports. ValuEngine cut First Midwest Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, August 4th. Zacks Investment Research lowered shares of First Midwest Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, July 29th. Janney Montgomery Scott reiterated a “buy” rating and set a $13.50 target price on shares of First Midwest Bancorp in a research report on Sunday, June 21st. Piper Sandler reduced their price target on shares of First Midwest Bancorp from $16.00 to $14.00 and set an “overweight” rating on the stock in a research report on Tuesday, September 29th. Finally, BidaskClub raised shares of First Midwest Bancorp from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 7th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. First Midwest Bancorp presently has a consensus rating of “Hold” and an average price target of $13.50.
First Midwest Bancorp Company Profile
First Midwest Bancorp, Inc operates as the 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; 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 consumer secured loans, as well as funding for the construction, purchase, refinance, or improvement of commercial real estate properties.
Featured Story: Understanding Market Liquidity
Receive News & Ratings for First Midwest Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Midwest Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.