First Midwest Bancorp Inc. (NASDAQ:FMBI) Director Robert P. Omeara sold 44,800 shares of the firm’s stock in a transaction dated Tuesday, November 29th. The shares were sold at an average price of $24.14, for a total value of $1,081,472.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of First Midwest Bancorp Inc. (NASDAQ:FMBI) opened at 24.28 on Thursday. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 22.05 and a beta of 1.12. First Midwest Bancorp Inc. has a 52-week low of $14.56 and a 52-week high of $24.57. The stock’s 50 day moving average price is $20.78 and its 200-day moving average price is $19.15.

First Midwest Bancorp (NASDAQ:FMBI) last issued its quarterly earnings data on Tuesday, October 18th. The financial services provider reported $0.32 EPS for the quarter, hitting the consensus estimate of $0.32. First Midwest Bancorp had a return on equity of 7.71% and a net margin of 16.72%. During the same period in the prior year, the firm earned $0.30 earnings per share. On average, analysts forecast that First Midwest Bancorp Inc. will post $1.22 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 10th. Investors of record on Friday, December 23rd will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date is Wednesday, December 21st. First Midwest Bancorp’s payout ratio is 32.73%.

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A number of equities analysts have issued reports on the company. Zacks Investment Research cut First Midwest Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, September 6th. Keefe, Bruyette & Woods restated a “market perform” rating on shares of First Midwest Bancorp in a report on Wednesday, October 12th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. First Midwest Bancorp currently has an average rating of “Hold” and a consensus price target of $19.36.

Several hedge funds have recently modified their holdings of the stock. BNP Paribas Arbitrage SA increased its stake in shares of First Midwest Bancorp by 121.5% in the second quarter. BNP Paribas Arbitrage SA now owns 25,404 shares of the financial services provider’s stock worth $446,000 after buying an additional 13,934 shares during the last quarter. Dalton Greiner Hartman Maher & Co. increased its stake in shares of First Midwest Bancorp by 0.3% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 932,611 shares of the financial services provider’s stock worth $16,377,000 after buying an additional 2,811 shares during the last quarter. Capstone Asset Management Co. increased its stake in shares of First Midwest Bancorp by 7.5% in the second quarter. Capstone Asset Management Co. now owns 30,785 shares of the financial services provider’s stock worth $541,000 after buying an additional 2,150 shares during the last quarter. Foundry Partners LLC acquired a new stake in shares of First Midwest Bancorp during the second quarter worth approximately $6,543,000. Finally, Parasol Investment Management LLC increased its stake in shares of First Midwest Bancorp by 16.0% in the second quarter. Parasol Investment Management LLC now owns 453,909 shares of the financial services provider’s stock worth $7,971,000 after buying an additional 62,689 shares during the last quarter. 82.27% of the stock is owned by institutional investors.

About First Midwest Bancorp

First Midwest Bancorp, Inc is a bank holding company. The Company’s principal subsidiary, First Midwest Bank (the Bank), is an Illinois 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.

5 Day Chart for NASDAQ:FMBI

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