Dynamic Technology Lab Private Ltd adds First Midwest Bancorp Inc (FMBI) to its portfolio

First Midwest Bancorp Inc (FMBI) : Dynamic Technology Lab Private Ltd added new position in First Midwest Bancorp Inc during the most recent quarter end. The investment management firm now holds 92,818 shares of First Midwest Bancorp Inc which is valued at $1,757,045 , the company said in a statement filed on Aug 10, 2016 with the SEC.First Midwest Bancorp Inc makes up approximately 0.45% of Dynamic Technology Lab Private Ltd’s portfolio.

Other Hedge Funds, Including , Tower Research Capital (trc) boosted its stake in FMBI in the latest quarter, The investment management firm added 10,146 additional shares and now holds a total of 10,975 shares of First Midwest Bancorp Inc which is valued at $207,757. First Midwest Bancorp Inc makes up approx 0.02% of Tower Research Capital (trc)’s portfolio.Dimensional Fund Advisors Lp boosted its stake in FMBI in the latest quarter, The investment management firm added 458,739 additional shares and now holds a total of 6,811,462 shares of First Midwest Bancorp Inc which is valued at $130,303,268. First Midwest Bancorp Inc makes up approx 0.07% of Dimensional Fund Advisors Lp’s portfolio.Los Angeles Capital Management Equity Research Inc reduced its stake in FMBI by selling 37,511 shares or 16.28% in the most recent quarter. The Hedge Fund company now holds 192,881 shares of FMBI which is valued at $3,649,309. First Midwest Bancorp Inc makes up approx 0.03% of Los Angeles Capital Management Equity Research Inc’s portfolio.Strs Ohio boosted its stake in FMBI in the latest quarter, The investment management firm added 1,200 additional shares and now holds a total of 264,200 shares of First Midwest Bancorp Inc which is valued at $4,969,602. First Midwest Bancorp Inc makes up approx 0.02% of Strs Ohio’s portfolio.American Century Companies Inc reduced its stake in FMBI by selling 157,017 shares or 41.66% in the most recent quarter. The Hedge Fund company now holds 219,908 shares of FMBI which is valued at $4,136,469.

First Midwest Bancorp Inc opened for trading at $19.15 and hit $19.2 on the upside on Friday, eventually ending the session at $19.18, with a gain of 0.05% or 0.01 points. The heightened volatility saw the trading volume jump to 2,35,432 shares. Company has a market cap of $1,560 M.

On the company’s financial health, First Midwest Bancorp Inc reported $0.32 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 19, 2016. Analyst had a consensus of $0.30.Analysts expectations of $ 126.52.During the same quarter in the previous year, the company posted $0.29 EPS.

Many Wall Street Analysts have commented on First Midwest Bancorp Inc. First Midwest Bancorp Inc was Upgraded by Macquarie to ” Outperform” on Jun 30, 2016. First Midwest Bancorp Inc was Initiated by Macquarie to “Neutral” on May 13, 2016.

First Midwest Bancorp Inc. is an independent publicly-traded banking company. Its principal subsidiary First Midwest Bank (the Bank) is a state-chartered bank and provides banking and wealth management services to commercial and industrial commercial real estate municipal and consumer customers primarily throughout the greater Chicago metropolitan area as well as northwest Indiana central and western Illinois and eastern Iowa. Through its subsidiaries the Company offers equipment leasing commercial financing and wealth management services. The Bank originates commercial and industrial agricultural commercial real estate and consumer loans. The Company’s subsidiaries also include First Midwest Equipment Finance Co. First Midwest Securities Management LLC LIH Holdings LLC Synergy Property Holdings LLC First Midwest Holdings Inc. Catalyst Asset Holdings LLC and Parasol Investment Management LLC.

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