Sentiment for First Midwest Bancorp Inc (NASDAQ:FMBI)
First Midwest Bancorp Inc (NASDAQ:FMBI) institutional sentiment decreased to 1.46 in 2019 Q1. Its down -0.31, from 1.77 in 2018Q4. The ratio dived, as 99 investment managers increased and started new stock positions, while 68 sold and reduced their positions in First Midwest Bancorp Inc. The investment managers in our partner’s database now have: 85.81 million shares, down from 86.46 million shares in 2018Q4. Also, the number of investment managers holding First Midwest Bancorp Inc in their top 10 stock positions decreased from 2 to 0 for a decrease of 2. Sold All: 15 Reduced: 53 Increased: 72 New Position: 27.
First Midwest Bancorp, Inc. operates as a bank holding firm for First Midwest Bank that provides various banking services and products. The company has market cap of $2.28 billion. The firm accepts various deposits, such as checking, NOW, money market, and savings accounts, as well as various types of short-term and long-term certificates of deposit. It has a 12.58 P/E ratio. The Company’s loan products include working capital loans and lines of credit; accounts receivable financing; inventory and equipment financing; sector lending, including leasing, healthcare, asset lending, structured finance, and syndications; agricultural loans; and mortgages, home equity lines and loans, personal loans, specialty loans, and auto loans.
The stock increased 2.77% or $0.55 during the last trading session, reaching $20.38. About 691,921 shares traded or 25.15% up from the average. First Midwest Bancorp, Inc. (NASDAQ:FMBI) has declined 19.79% since July 20, 2018 and is downtrending. It has underperformed by 24.22% the S&P500.
Analysts await First Midwest Bancorp, Inc. (NASDAQ:FMBI) to report earnings on July, 23. They expect $0.47 earnings per share, up 17.50 % or $0.07 from last year’s $0.4 per share. FMBI’s profit will be $52.47M for 10.84 P/E if the $0.47 EPS becomes a reality. After $0.46 actual earnings per share reported by First Midwest Bancorp, Inc. for the previous quarter, Wall Street now forecasts 2.17 % EPS growth.
Endeavour Capital Advisors Inc holds 3.94% of its portfolio in First Midwest Bancorp, Inc. for 1.10 million shares. Jcsd Capital Llc owns 146,349 shares or 2.21% of their US portfolio. Moreover, Skyline Asset Management Lp has 1.98% invested in the company for 569,942 shares. The California-based Fuller & Thaler Asset Management Inc. has invested 1.12% in the stock. Maltese Capital Management Llc, a New York-based fund reported 645,110 shares.
Since January 1, 0001, it had 2 buys, and 0 sales for $200,845 activity.
More notable recent First Midwest Bancorp, Inc. (NASDAQ:FMBI) news were published by: Globenewswire.com which released: “First Midwest Bancorp, Inc. Declares First Quarter Cash Dividend of $0.12 Per Share – GlobeNewswire” on February 21, 2019, also Globenewswire.com with their article: “First Midwest Bancorp to Acquire Northern Oak Wealth Management – GlobeNewswire” published on November 08, 2018, Globenewswire.com published: “Mark Sander Appointed as President of First Midwest Bancorp – GlobeNewswire” on January 18, 2019. More interesting news about First Midwest Bancorp, Inc. (NASDAQ:FMBI) were released by: Finance.Yahoo.com and their article: “First Midwest Bancorp (FMBI) Tops Q1 Earnings Estimates – Yahoo Finance” published on April 23, 2019 as well as Globenewswire.com‘s news article titled: “First Midwest Bancorp, Inc. to Webcast Annual Meeting of Stockholders – GlobeNewswire” with publication date: May 03, 2019.
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