Analyst Rating Update on First Midwest Bancorp (FMBI)

First Midwest Bancorp (NASDAQ:FMBI) has an average broker rating of 2.78, which is interpreted as a Hold, as rated by 9 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 8 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

First Midwest Bancorp (NASDAQ:FMBI) has been rated by 5 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $21 and the lowest price target forecast is $18. The average forecast of all the analysts is $19.2 and the expected standard deviation is $1.1.

Company shares have received an average consensus rating of Hold for the current week

First Midwest Bancorp (NASDAQ:FMBI): stock turned positive on Tuesday. Though the stock opened at $16.25, the bulls momentum made the stock top out at $16.27 level for the day. The stock recorded a low of $15.94 and closed the trading day at $16.11, in the green by 1.07%. The total traded volume for the day was 733,986. The stock had closed at $15.94 in the previous days trading.

In an insider trading activity, Prame Thomas M, officer (EVP, Retail Banking) of First Midwest Bancorp Inc, unloaded 2,225 shares at an average price of $17.52 on October 22, 2015. The total amount of the transaction was worth $38,982, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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 Companys 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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