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

June 19, 2017 - By Vivian Park

 $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.
Legal & General Grp Public Limited Com holds 0% of its portfolio in First Midwest Bancorp Inc (NASDAQ:FMBI) for 144,817 shares. Ls Invest Advisors Lc holds 0.01% or 2,934 shares in its portfolio. Pzena Inv Mngmt Ltd Liability Co has invested 0.19% in First Midwest Bancorp Inc (NASDAQ:FMBI). Parkside Financial Bank & Tru holds 0% or 39 shares. 18,968 were reported by Raymond James Assocs. Moreover, Connor Clark Lunn Invest Management Ltd has 0% invested in First Midwest Bancorp Inc (NASDAQ:FMBI) for 18,100 shares. Morgan Stanley reported 534,016 shares. First In invested 0.14% of its portfolio in First Midwest Bancorp Inc (NASDAQ:FMBI). Jane Street Gru Inc Limited Liability Corp stated it has 0% in First Midwest Bancorp Inc (NASDAQ:FMBI). Gsa Cap Ptnrs Llp reported 11,329 shares stake. Pnc Fincl Gru Inc has 0% invested in First Midwest Bancorp Inc (NASDAQ:FMBI). Kennedy Management has invested 0.09% of its portfolio in First Midwest Bancorp Inc (NASDAQ:FMBI). Neuberger Berman Gp Limited Liability Co reported 10,248 shares. The Maryland-based Price T Rowe Assoc Inc Md has invested 0% in First Midwest Bancorp Inc (NASDAQ:FMBI). Tfs Lc invested in 0.13% or 18,711 shares.

Since February 8, 2017, it had 2 buys, and 2 sales for $158,680 activity. 14,000 First Midwest Bancorp Inc (NASDAQ:FMBI) shares with value of $341,460 were bought by Van Arsdell Stephen C. Diedrich Robert P sold $181,850 worth of First Midwest Bancorp Inc (NASDAQ:FMBI) on Wednesday, February 8. $73,110 worth of First Midwest Bancorp Inc (NASDAQ:FMBI) shares were sold by RUDNICK ELLEN A. Brown Thomas Lynn had bought 3,000 shares worth $72,180.

Analysts await First Midwest Bancorp Inc (NASDAQ:FMBI) to report earnings on July, 18. They expect $0.37 earnings per share, up 15.63 % or $0.05 from last year’s $0.32 per share. FMBI’s profit will be $41.01 million for 16.03 P/E if the $0.37 EPS becomes a reality. After $0.34 actual earnings per share reported by First Midwest Bancorp Inc for the previous quarter, Wall Street now forecasts 8.82 % EPS growth. About 2,884 shares traded. First Midwest Bancorp Inc (NASDAQ:FMBI) has risen 25.46% since June 19, 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 8 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was initiated by Stephens on Friday, October 9 with “Overweight”. The stock of First Midwest Bancorp Inc (NASDAQ:FMBI) has “Neutral” rating given on Friday, June 10 by Piper Jaffray. The rating was initiated by Macquarie Research with “Neutral” on Friday, May 13.

First Midwest Bancorp, Inc. is a bank holding company. The company has market cap of $2.63 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 20.82 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: Prnewswire.com which released: “Research Reports Initiation on Financial Stocks — First Midwest Bancorp …” on May 22, 2017, also Nasdaq.com with their article: “First Midwest Bancorp Bottom Line Climbs 63% In Q1” published on April 25, 2017, Globenewswire.com published: “First Midwest Bancorp, Inc. Acquires Premier Asset Management” on March 06, 2017. More interesting news about First Midwest Bancorp Inc (NASDAQ:FMBI) were released by: Chicagobusiness.com and their article: “Itasca-based First Midwest moving HQ, 300 workers to Chicago” published on January 03, 2017 as well as Globenewswire.com‘s news article titled: “First Midwest Bancorp, Inc. Appoints New Chief Financial Officer to Start in …” with publication date: December 21, 2016.

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