$0.37 EPS Expected for First Midwest Bancorp Inc (FMBI)

July 24, 2017 - By Adrian Erickson

 $0.37 EPS Expected for First Midwest Bancorp Inc (FMBI)
Investors sentiment increased to 1.14 in 2016 Q4. Its up 0.04, from 1.1 in 2016Q3. It increased, as 7 investors sold First Midwest Bancorp Inc shares while 66 reduced holdings. 35 funds opened positions while 48 raised stakes. 66.57 million shares or 0.66% more from 66.14 million shares in 2016Q3 were reported.
United Serv Automobile Association owns 600,706 shares or 0.05% of their US portfolio. Los Angeles Cap Mgmt & Equity Research Inc stated it has 0.03% of its portfolio in First Midwest Bancorp Inc (NASDAQ:FMBI). Parametric Portfolio Assoc reported 157,117 shares. Verition Fund Ltd Liability Com holds 0.03% or 12,662 shares. Pzena Invest Mgmt Ltd Com owns 0.19% invested in First Midwest Bancorp Inc (NASDAQ:FMBI) for 1.30M shares. Bogle Invest Management L P De invested 0.05% in First Midwest Bancorp Inc (NASDAQ:FMBI). 174 are held by Gemmer Asset Management Ltd Liability Co. First Financial In reported 9,555 shares. Zacks Inv Mngmt owns 37,950 shares for 0.03% of their portfolio. Renaissance Technologies Ltd Company accumulated 535,771 shares or 0.02% of the stock. Rhumbline Advisers holds 127,434 shares or 0.01% of its portfolio. Ubs Asset Americas owns 28,712 shares or 0% of their US portfolio. 84,885 were accumulated by State Board Of Administration Of Florida Retirement Systems. Riverhead Capital Mngmt Ltd Llc holds 5,200 shares. Wells Fargo & Mn holds 0.01% or 716,304 shares in its portfolio.

Since February 8, 2017, it had 2 insider buys, and 2 selling transactions for $158,680 activity. 7,673 shares were sold by Diedrich Robert P, worth $181,850. On Tuesday, June 13 the insider Brown Thomas Lynn bought $72,180. Van Arsdell Stephen C had bought 14,000 shares worth $341,460 on Tuesday, March 7. RUDNICK ELLEN A had sold 3,000 shares worth $73,110 on Friday, March 3.

Investors wait First Midwest Bancorp Inc (NASDAQ:FMBI) to report on July, 25 after the close. its quarterly earnings Wall Street analysts expect $0.37 EPS, up $0.05 or 15.63 % from last year’s $0.32 same quarter earnings. This translates into $37.58M profit for FMBI giving the stock a 15.57 P/E. This is assuming the current $0.37 EPS is accurate. First Midwest Bancorp Inc’s Wall Street analysts see 8.82 % EPS growth, taking into account the $0.34 EPS reproted in the previous quarter, The stock decreased 1.16% or $0.27 on July 21, reaching $23.04. About shares traded. First Midwest Bancorp Inc (NASDAQ:FMBI) has risen 25.46% since July 24, 2016 and is uptrending. It has outperformed by 8.76% the S&P500.

First Midwest Bancorp Inc (NASDAQ:FMBI) Ratings Coverage

Among 7 analysts covering First Midwest Bancorp (NASDAQ:FMBI), 3 have Buy rating, 0 Sell and 4 Hold. Therefore 43% are positive. First Midwest Bancorp had 9 analyst reports since July 24, 2015 according to SRatingsIntel. On Friday, June 9 the stock rating was maintained by Jefferies with “Buy”. Stephens initiated the shares of FMBI in report on Friday, October 9 with “Overweight” rating. The firm has “Neutral” rating by Macquarie Research given on Friday, May 13. Piper Jaffray initiated the shares of FMBI in report on Friday, June 10 with “Neutral” rating.

First Midwest Bancorp, Inc. is a bank holding company. The company has market cap of $2.34 billion. The Company’s principal subsidiary, First Midwest Bank , is an Illinois state-chartered bank and provides a range of banking, treasury and wealth management services and products, to commercial and industrial, commercial real estate, municipal and consumer customers. It has a 20.21 P/E ratio. As of December 31, 2016, the Bank operated primarily throughout the Chicago metropolitan area, as well as northwest Indiana, central and western Illinois, and eastern Iowa through 117 banking locations.

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 Second Quarter …” on July 07, 2017, also Globenewswire.com with their article: “First Midwest Bancorp, Inc. Announces Schedule for 2016 Fourth Quarter and …” published on January 06, 2017, Globenewswire.com published: “First Midwest Bancorp, Inc. Appoints New Chief Financial Officer to Start in …” on December 21, 2016. More interesting news about First Midwest Bancorp Inc (NASDAQ:FMBI) were released by: Globenewswire.com and their article: “First Midwest Bancorp, Inc. Appoints Two New Directors” published on February 27, 2017 as well as Chicagobusiness.com‘s news article titled: “Itasca-based First Midwest moving HQ, 300 workers to Chicago” with publication date: January 03, 2017.

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