Piper Jaffray Initiates Coverage on First Midwest Bancorp Inc(NASDAQ:FMBI). The shares have been rated Neutral. The rating by Piper Jaffray was issued on Jun 10, 2016.
In a different note, 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) made into the market gainers list on Wednesdays trading session with the shares advancing 0.23% or 0.04 points. Due to strong positive momentum, the stock ended at $17.75, which is also near the day’s high of $18.07. The stock began the session at $17.74 and the volume stood at 2,44,721 shares. The 52-week high of the shares is $19.81 and the 52 week low is $14.56. The company has a current market capitalization of $1,444 M and it has 8,13,27,746 shares in outstanding.
First Midwest Bancorp Inc has also declared a cash dividend of $0.0900 on May 18, 2016. The shares will quote ex-dividend on Jun 22, 2016 and the record date has been fixed on Jun 24, 2016. The dividend payable date has been fixed on Jul 12, 2016.
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.