$0.36 EPS Expected for First Midwest Bancorp, Inc. (FMBI)

January 22, 2018 - By Winifred Garcia

 $0.36 EPS Expected for First Midwest Bancorp, Inc. (FMBI)
Investors sentiment increased to 1.57 in Q3 2017. Its up 0.12, from 1.45 in 2017Q2. It improved, as 14 investors sold First Midwest Bancorp, Inc. shares while 46 reduced holdings. 19 funds opened positions while 75 raised stakes. 82.77 million shares or 0.78% more from 82.13 million shares in 2017Q2 were reported.
Teachers Retirement Of The State Of Kentucky has 27,300 shares for 0.01% of their portfolio. First Midwest Bancorp Tru Division has invested 0.1% of its portfolio in First Midwest Bancorp, Inc. (NASDAQ:FMBI). Cwm Ltd reported 0% in First Midwest Bancorp, Inc. (NASDAQ:FMBI). Qs Invsts Ltd Limited Liability Company accumulated 198,296 shares or 0.04% of the stock. First Quadrant L P Ca stated it has 41,200 shares. Boston Partners stated it has 535,039 shares. United Service Automobile Association has 944,544 shares for 0.06% of their portfolio. Nordea Invest Management has invested 0.01% in First Midwest Bancorp, Inc. (NASDAQ:FMBI). Fny Managed Accounts Limited Liability Company, a New York-based fund reported 168 shares. Sterling Cap Ltd Liability Com holds 804,150 shares or 0.18% of its portfolio. New Jersey-based Prudential Fincl has invested 0.01% in First Midwest Bancorp, Inc. (NASDAQ:FMBI). Nationwide Fund Advsrs invested in 222,603 shares or 0.02% of the stock. State Board Of Administration Of Florida Retirement Sys reported 84,885 shares or 0.01% of all its holdings. Texas Permanent School Fund has invested 0.02% in First Midwest Bancorp, Inc. (NASDAQ:FMBI). Citigroup has 11,754 shares for 0% of their portfolio.

Since September 15, 2017, it had 0 insider buys, and 2 selling transactions for $1.30 million activity. Shares for $76,475 were sold by MCDONNELL PATRICK J on Friday, September 15.

Analysts expect First Midwest Bancorp, Inc. (NASDAQ:FMBI) to report $0.36 EPS on January, 23.They anticipate $0.04 EPS change or 12.50 % from last quarter’s $0.32 EPS. FMBI’s profit would be $36.98M giving it 18.16 P/E if the $0.36 EPS is correct. After having $0.37 EPS previously, First Midwest Bancorp, Inc.’s analysts see -2.70 % EPS growth. The stock increased 1.47% or $0.38 during the last trading session, reaching $26.15. About 355,633 shares traded. First Midwest Bancorp, Inc. (NASDAQ:FMBI) has risen 25.46% since January 22, 2017 and is uptrending. It has outperformed by 8.76% the S&P500.

First Midwest Bancorp, Inc. (NASDAQ:FMBI) Ratings Coverage

Among 9 analysts covering First Midwest Bancorp (NASDAQ:FMBI), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. First Midwest Bancorp has $28 highest and $19 lowest target. $26’s average target is -0.57% below currents $26.15 stock price. First Midwest Bancorp had 21 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Monday, January 8 by SunTrust. The rating was maintained by Jefferies on Friday, June 9 with “Buy”. Piper Jaffray maintained it with “Buy” rating and $28.0 target in Friday, December 1 report. The rating was maintained by Piper Jaffray with “Buy” on Tuesday, October 3. Sandler O’Neill maintained it with “Hold” rating and $26.0 target in Wednesday, January 3 report. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Thursday, December 21. On Friday, October 9 the stock rating was initiated by Stephens with “Overweight”. The firm has “Neutral” rating by Macquarie Research given on Friday, May 13. Keefe Bruyette & Woods maintained First Midwest Bancorp, Inc. (NASDAQ:FMBI) rating on Tuesday, October 3. Keefe Bruyette & Woods has “Hold” rating and $24.0 target. Piper Jaffray initiated the shares of FMBI in report on Friday, June 10 with “Neutral” rating.

First Midwest Bancorp, Inc. operates as a bank holding firm for First Midwest Bank that provides various banking services and products. The company has market cap of $2.69 billion. The firm accepts various deposits, such as checking, NOW, money market, and savings accounts, as well as various types of short-term and long-term certificates of deposit. It has a 21.77 P/E ratio. The Company’s loan products include working capital loans and lines of credit; accounts receivable financing; inventory and equipment financing; sector lending, including leasing, healthcare, asset lending, structured finance, and syndications; agricultural loans; and mortgages, home equity lines and loans, personal loans, specialty loans, and auto loans.

More notable recent First Midwest Bancorp, Inc. (NASDAQ:FMBI) news were published by: Globenewswire.com which released: “First Midwest Bancorp, Inc. Announces Schedule for 2017 Third Quarter Earnings …” on September 29, 2017, also Nasdaq.com with their article: “Ex-Dividend Reminder: Valley National Bancorp, First Midwest Bancorp and Convergys” published on December 19, 2017, Globenewswire.com published: “First Midwest Bancorp, Inc. Appoints Michael L. Scudder as Chairman of the …” on November 15, 2017. More interesting news about First Midwest Bancorp, Inc. (NASDAQ:FMBI) were released by: Seekingalpha.com and their article: “First Midwest Bancorp’s (FMBI) CEO Michael Scudder on Q3 2017 Results …” published on October 25, 2017 as well as Globenewswire.com‘s news article titled: “First Midwest Bancorp, Inc. Announces Expanded Investment in Colleagues and …” with publication date: January 11, 2018.

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