Parasol Investment Management buys $8,392,777 stake in First Midwest Bancorp Inc (FMBI)

First Midwest Bancorp Inc (FMBI) : Parasol Investment Management scooped up 62,689 additional shares in First Midwest Bancorp Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 14, 2016. The investment management firm now holds a total of 453,909 shares of First Midwest Bancorp Inc which is valued at $8,392,777.First Midwest Bancorp Inc makes up approximately 8.58% of Parasol Investment Management’s portfolio.

Other Hedge Funds, Including , Alpha Windward sold out all of its stake in FMBI during the most recent quarter. The investment firm sold 24,000 shares of FMBI which is valued $425,760.Bnp Paribas Arbitrage Sa boosted its stake in FMBI in the latest quarter, The investment management firm added 13,934 additional shares and now holds a total of 25,404 shares of First Midwest Bancorp Inc which is valued at $450,667.

First Midwest Bancorp Inc closed down -0.18 points or -0.96% at $18.49 with 2,60,978 shares getting traded on Monday. Post opening the session at $18.69, the shares hit an intraday low of $18.49 and an intraday high of $18.715 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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 was Downgraded by Sandler O’Neill to ” Hold” on Apr 21, 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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