First Midwest Bancorp Inc (FMBI) is Downgraded by Sandler O’Neill to Hold

First Midwest Bancorp Inc (FMBI) was Downgraded by Sandler O’Neill to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Sandler O’Neill advised their investors in a research report released on Apr 21, 2016.

On the company’s financial health, First Midwest Bancorp Inc reported $0.29 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jan 26, 2016. Analyst had a consensus of $0.30.Analysts expectations of $ 115.13.During the same quarter in the previous year, the company posted $0.27 EPS.

First Midwest Bancorp Inc opened for trading at $18.15 and hit $18.56 on the upside on Monday, eventually ending the session at $18.5, with a gain of 0.82% or 0.15 points. The heightened volatility saw the trading volume jump to 6,13,866 shares. Company has a market cap of $1,449 M.

In a different news, on Oct 26, 2015, Thomas M Prame (EVP, Retail Banking) sold 2,225 shares at $17.52 per share price.

First Midwest Bancorp Inc. is an independent publicly-traded banking company. Its principal subsidiary First Midwest Bank (the Bank) is a state-chartered bank and provides banking and wealth management services to commercial and industrial commercial real estate municipal and consumer customers primarily throughout the greater Chicago metropolitan area as well as northwest Indiana central and western Illinois and eastern Iowa. Through its subsidiaries the Company offers equipment leasing commercial financing and wealth management services. The Bank originates commercial and industrial agricultural commercial real estate and consumer loans. The Company’s subsidiaries also include First Midwest Equipment Finance Co. First Midwest Securities Management LLC LIH Holdings LLC Synergy Property Holdings LLC First Midwest Holdings Inc. Catalyst Asset Holdings LLC and Parasol Investment Management LLC.

First Midwest Bancorp Inc

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