Parasol Investment Management buys $7,296,253 stake in First Midwest Bancorp Inc (FMBI)

First Midwest Bancorp Inc (FMBI) : Parasol Investment Management scooped up 42,915 additional shares in First Midwest Bancorp Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 19, 2016. The investment management firm now holds a total of 391,220 shares of First Midwest Bancorp Inc which is valued at $7,296,253.First Midwest Bancorp Inc makes up approximately 7.06% of Parasol Investment Management’s portfolio.

First Midwest Bancorp Inc opened for trading at $18.58 and hit $18.77 on the upside on Friday, eventually ending the session at $18.65, with a gain of 0.38% or 0.07 points. The heightened volatility saw the trading volume jump to 7,93,606 shares. Company has a market cap of $1,461 M.

Other Hedge Funds, Including , Capstone Asset Management Co reduced its stake in FMBI by selling 1,620 shares or 5.35% in the most recent quarter. The Hedge Fund company now holds 28,635 shares of FMBI which is valued at $525,452. First Midwest Bancorp Inc makes up approx 0.01% of Capstone Asset Management Co’s portfolio.Eagle Asset Management Inc reduced its stake in FMBI by selling 1,118 shares or 0.77% in the most recent quarter. The Hedge Fund company now holds 144,119 shares of FMBI which is valued at $2,491,818. First Midwest Bancorp Inc makes up approx 0.02% of Eagle Asset Management Inc’s portfolio.

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.

Many Wall Street Analysts have commented on First Midwest Bancorp Inc. First Midwest Bancorp Inc was Downgraded by Sandler O’Neill to ” Hold” on Apr 21, 2016.

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.

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