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

September 17, 2017 - By test

 $0.37 EPS Expected for First Midwest Bancorp Inc (FMBI)
Investors sentiment increased to 1.14 in Q4 2016. Its up 0.04, from 1.1 in 2016Q3. It is positive, 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.
Capstone Asset Mngmt reported 19,875 shares. Endeavour Capital stated it has 0.17% of its portfolio in First Midwest Bancorp Inc (NASDAQ:FMBI). Pinebridge Ltd Partnership invested in 0.04% or 52,847 shares. Ny State Teachers Retirement Sys holds 223,252 shares or 0.01% of its portfolio. Us National Bank De holds 0% or 41,194 shares. Schwab Charles Investment Management reported 335,246 shares stake. Segall Bryant And Hamill Ltd Liability has invested 0.01% in First Midwest Bancorp Inc (NASDAQ:FMBI). Banc Funds Ltd Company stated it has 1.67% of its portfolio in First Midwest Bancorp Inc (NASDAQ:FMBI). Gemmer Asset Ltd Llc invested 0% in First Midwest Bancorp Inc (NASDAQ:FMBI). First Tru Advsrs L P owns 0.01% invested in First Midwest Bancorp Inc (NASDAQ:FMBI) for 189,790 shares. Citigroup holds 0% or 151,413 shares. 2.35 million were reported by State Street Corporation. Tudor Inv Corporation Et Al invested 0.01% in First Midwest Bancorp Inc (NASDAQ:FMBI). 728,876 are held by Geode Capital Mngmt Lc. Thrivent Fin For Lutherans holds 0.08% or 687,202 shares in its portfolio.

Since June 13, 2017, it had 1 buying transaction, and 0 selling transactions for $72,180 activity.

Investors wait First Midwest Bancorp Inc (NASDAQ:FMBI) to report on October, 17. 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 $38.06 million profit for FMBI giving the stock a 14.84 P/E. This is assuming the current $0.37 EPS is accurate. First Midwest Bancorp Inc’s Wall Street analysts see 5.71 % EPS growth, taking into account the $0.35 EPS reproted in the previous quarter, The stock decreased 0.05% or $0.01 on September 15, reaching $21.97. About 3.74 million shares traded or 425.78% up from the average. First Midwest Bancorp Inc (NASDAQ:FMBI) has risen 25.46% since September 17, 2016 and is uptrending. It has outperformed by 8.76% the S&P500.

First Midwest Bancorp Inc (NASDAQ:FMBI) Ratings Coverage

Among 8 analysts covering First Midwest Bancorp (NASDAQ:FMBI), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. First Midwest Bancorp had 11 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Friday, May 13 by Macquarie Research. The company was maintained on Friday, August 11 by Jefferies. The firm earned “Overweight” rating on Monday, July 24 by PiperJaffray. The stock of First Midwest Bancorp Inc (NASDAQ:FMBI) earned “Overweight” rating by Stephens on Friday, October 9. Jefferies maintained First Midwest Bancorp Inc (NASDAQ:FMBI) rating on Friday, June 9. Jefferies has “Buy” rating and $2700 target. As per Friday, June 10, the company rating was initiated by Piper Jaffray.

First Midwest Bancorp, Inc. is a bank holding company. The company has market cap of $2.26 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 18.79 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. to Webcast Annual Meeting of Stockholders” on May 10, 2017, also Globenewswire.com with their article: “First Midwest Bancorp, Inc. Appoints Two New Directors” published on February 27, 2017, Dailyherald.com published: “First Midwest Bancorp declares third quarter cash dividend” on August 18, 2017. More interesting news about First Midwest Bancorp Inc (NASDAQ:FMBI) were released by: Globenewswire.com and their article: “First Midwest Bancorp, Inc. Appoints New Chief Financial Officer to Start in …” published on December 21, 2016 as well as Seekingalpha.com‘s news article titled: “First Midwest Bancorp’s (FMBI) CEO Michael Scudder on Q1 2017 Results …” with publication date: April 26, 2017.

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