Brokerage firm Macquarie Upgrades its rating on First Midwest Bancorp Inc(NASDAQ:FMBI). The shares have been rated Outperform. Previously, the analysts had a Neutral rating on the shares. The rating by Macquarie was issued on Jun 30, 2016.
In a different note, Piper Jaffray said it Initiates Coverage on First Midwest Bancorp Inc, according to a research note issued on Jun 10, 2016. The shares have been rated ‘Neutral’ by the firm. Macquarie said it Initiates Coverage on First Midwest Bancorp Inc, according to a research note issued on May 13, 2016. The shares have been rated ‘Neutral’ by the firm. DA Davidson said it Initiates Coverage on First Midwest Bancorp Inc, according to a research note issued on Apr 7, 2016. The shares have been rated ‘Neutral’ by the firm.
First Midwest Bancorp Inc (FMBI) shares turned negative on Tuesdays trading session with the shares closing down -0.51 points or -2.93% at a volume of 5,29,625. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $17.29. The peak price level was also seen at $17.29 while the days lowest was $16.83. Finally the shares closed at $16.91. The 52-week high of the shares is $19.81 while the 52-week low is $14.56. According to the latest information available, the market cap of the company is $1,375 M.
First Midwest Bancorp Inc(FMBI) last announced its earnings results on Apr 19, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $116.64M. Analysts had an estimated revenue of $125.51M. Earnings per share were $0.27. Analysts had estimated an EPS of $0.31.
Several Insider Transactions has been reported to the SEC. On Oct 26, 2015, Thomas M Prame (EVP, Retail Banking) sold 2,225 shares at $17.52 per share price.
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 Companys 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.