Dimensional Fund Advisors LP raised its position in First Midwest Bancorp Inc (NASDAQ:FMBI) by 3.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,075,566 shares of the financial services provider’s stock after buying an additional 192,379 shares during the period. Dimensional Fund Advisors LP owned about 5.91% of First Midwest Bancorp worth $142,290,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. New York State Common Retirement Fund increased its holdings in First Midwest Bancorp by 23.9% in the second quarter. New York State Common Retirement Fund now owns 109,200 shares of the financial services provider’s stock valued at $2,545,000 after buying an additional 21,099 shares in the last quarter. Parametric Portfolio Associates LLC increased its holdings in First Midwest Bancorp by 15.4% in the second quarter. Parametric Portfolio Associates LLC now owns 190,758 shares of the financial services provider’s stock valued at $4,447,000 after buying an additional 25,470 shares in the last quarter. Prudential Financial Inc. increased its holdings in First Midwest Bancorp by 11.1% in the third quarter. Prudential Financial Inc. now owns 221,386 shares of the financial services provider’s stock valued at $5,185,000 after buying an additional 22,060 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in First Midwest Bancorp by 18.1% in the second quarter. Bank of New York Mellon Corp now owns 2,483,563 shares of the financial services provider’s stock valued at $57,890,000 after buying an additional 380,112 shares in the last quarter. Finally, Cipher Capital LP increased its holdings in First Midwest Bancorp by 153.6% in the second quarter. Cipher Capital LP now owns 83,134 shares of the financial services provider’s stock valued at $1,938,000 after buying an additional 50,358 shares in the last quarter. 81.42% of the stock is owned by institutional investors.

FMBI has been the subject of a number of research reports. Zacks Investment Research raised shares of First Midwest Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Keefe, Bruyette & Woods reissued a “hold” rating and set a $23.00 target price on shares of First Midwest Bancorp in a research note on Thursday, October 26th. ValuEngine cut shares of First Midwest Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Piper Jaffray Companies reissued a “buy” rating and set a $26.00 target price on shares of First Midwest Bancorp in a research note on Wednesday, October 4th. Finally, Jefferies Group reissued a “buy” rating and set a $28.00 target price on shares of First Midwest Bancorp in a research note on Friday, December 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. First Midwest Bancorp presently has an average rating of “Hold” and a consensus target price of $26.00.

Shares of First Midwest Bancorp Inc (NASDAQ:FMBI) opened at $23.67 on Friday. The company has a market cap of $2,530.21, a PE ratio of 17.85, a PEG ratio of 2.49 and a beta of 1.17. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.98 and a current ratio of 0.98. First Midwest Bancorp Inc has a one year low of $20.50 and a one year high of $25.86.

First Midwest Bancorp (NASDAQ:FMBI) last released its earnings results on Tuesday, October 24th. The financial services provider reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The business had revenue of $163.24 million during the quarter, compared to analysts’ expectations of $164.81 million. First Midwest Bancorp had a net margin of 18.08% and a return on equity of 7.89%. During the same quarter in the previous year, the company earned $0.32 earnings per share. research analysts forecast that First Midwest Bancorp Inc will post 1.41 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 9th. Investors of record on Friday, December 22nd will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, December 21st. This represents a $0.40 annualized dividend and a yield of 1.69%. First Midwest Bancorp’s dividend payout ratio is presently 33.61%.

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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.

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Institutional Ownership by Quarter for First Midwest Bancorp (NASDAQ:FMBI)

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