First Midwest Bancorp Inc (FMBI) reported quarterly earnings results on Tuesday, Jul-19-2016. The company said it had a profit of $0.32 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.30. Analysts expectations of $126.52 million. During the same quarter in the previous year, the company posted $0.29 EPS.
Many Wall Street Analysts have commented on First Midwest Bancorp Inc. First Midwest Bancorp Inc was Upgraded by Macquarie to ” Outperform” on Jun 30, 2016. First Midwest Bancorp Inc was Initiated by Macquarie to “Neutral” on May 13, 2016. First Midwest Bancorp Inc was Downgraded by Sandler O’Neill to ” Hold” on Apr 21, 2016.
First Midwest Bancorp Inc closed down -0.18 points or -0.96% at $18.49 with 2,60,978 shares getting traded on Monday. Post opening the session at $18.69, the shares hit an intraday low of $18.49 and an intraday high of $18.715 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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 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.