The First Midwest Bancorp, Inc. (FMBI) Shares Sold by US Bancorp DE

Paterniano Del Favero
Giugno 19, 2017

Analysts anticipate that First Midwest Bancorp will post $1.34 earnings per share for the current year. (NASDAQ:FMBI) declared a quarterly dividend on Wednesday, May 17th, RTT News reports. Envestnet Asset Management Inc. now owns 8,560 shares of the financial services provider's stock worth $203,000 after buying an additional 136 shares during the period.

Several other hedge funds have also recently modified their holdings of the company. Highbridge Capital Management LLC raised its position in First Midwest Bancorp by 95.1% in the third quarter. Highbridge Capital Management LLC now owns 85,327 shares of the financial services provider's stock worth $1,651,000 after buying an additional 41,603 shares during the last quarter. Norges Bank purchased a new stake in shares of First Midwest Bancorp during the fourth quarter valued at about $19,012,000. They now have a Dollars 28 price target on the stock. Teachers Advisors LLC raised its position in First Midwest Bancorp by 2.1% in the fourth quarter. Boston Partners bought a new position in First Midwest Bancorp during the first quarter valued at $12,142,000. State Street Corp now owns 2,350,108 shares of the financial services provider's stock valued at $59,293,000 after buying an additional 128,467 shares in the last quarter. The New York-based Dalton Greiner Hartman Maher & has invested 1.18% in First Midwest Bancorp Inc (NASDAQ:FMBI). (NASDAQ FMBI) opened at 23.50 on Friday. The company has a market cap of $2.64 billion, a P/E ratio of 20.87 and a beta of 1.19. First Midwest Bancorp Inc (NASDAQ:FMBI) has risen 25.46% since June 16, 2016 and is uptrending. The stock has a 50 day moving average of $22.84 and a 200 day moving average of $23.85.

Wall Street await First Midwest Bancorp Inc (NASDAQ:FMBI) to release earnings on July, 18. The financial services provider reported $0.34 earnings per share for the quarter, hitting the Thomson Reuters' consensus estimate of $0.34. It improved, as 7 investors sold First Midwest Bancorp Inc shares while 66 reduced holdings. During the same period in the prior year, the company earned $0.27 EPS. On average, analysts expect that First Midwest Bancorp, Inc. will post $1.34 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 11th. Shareholders of record on Friday, June 30th will be issued a $0.10 dividend.

Based on the latest notes released to investors, 3 analysts have issued a rating of "buy", 1 analysts "outperform", 6 analysts "hold", 0 analysts "underperform" and 0 analysts "sell".

Analysts expect First Midwest Bancorp Inc (NASDAQ:FMBI) to report $0.37 EPS on July, 18.They anticipate $0.05 EPS change or 15.63 % from last quarter's $0.32 EPS. The ex-dividend date is Wednesday, June 28th. Strs Ohio invested 0.03% of its portfolio in First Midwest Bancorp Inc (NASDAQ:FMBI).

ILLEGAL ACTIVITY WARNING: "First Midwest Bancorp, Inc. (FMBI)" was originally reported by Transcript Daily and is owned by of Transcript Daily. If you are accessing this article on another website, it was stolen and republished in violation of U.S. and global trademark & copyright legislation. Keefe, Bruyette & Woods restated a "hold" rating and issued a $25.00 target price on shares of First Midwest Bancorp in a report on Wednesday, April 12th. Finally, FIG Partners upgraded shares of First Midwest Bancorp from a "market perform" rating to an "outperform" rating in a research note on Friday, May 19th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company now has a consensus rating of "Buy" and a consensus price target of $26.75.

In related news, Director Thomas Lynn Brown acquired 3,000 shares of the firm's stock in a transaction on Tuesday, June 13th. The stock was purchased at an average price of $24.06 per share, with a total value of $72,180.00. Following the completion of the purchase, the director now owns 3,000 shares in the company, valued at approximately $72,180. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.48% of the company's stock.

The Company's principal subsidiary, First Midwest Bank (the Bank), is an IL state-chartered bank and provides a range of banking, treasury and wealth management products and services, to commercial and industrial, commercial real estate, municipal and consumer customers.

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