First Midwest Bancorp Inc. (NASDAQ:FMBI) has a beta value of 1.26 and has seen 0.37 million shares traded in the last trading session. The company, currently valued at $2.13B, closed the last trade at $18.58 per share which meant it lost -$0.04 on the day or -0.21% during that session. The FMBI stock price is -30.68% off its 52-week high price of $24.28 and 44.13% above the 52-week low of $10.38. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.42 million shares traded. The 3-month trading volume is 674.87K shares.
The consensus among analysts is that First Midwest Bancorp Inc. (FMBI) is a Hold stock at the moment, with a recommendation rating of 2.80. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 5 out of 6 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $0.42.
First Midwest Bancorp Inc. (NASDAQ:FMBI) trade information
Sporting -0.21% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on Friday, 09/03/21 when the FMBI stock price touched $18.58 or saw a rise of 2.0%. Year-to-date, First Midwest Bancorp Inc. shares have moved 16.71%, while the 5-day performance has seen it change -1.59%. Over the past 30 days, the shares of First Midwest Bancorp Inc. (NASDAQ:FMBI) have changed 4.09%. Short interest in the company has seen 2.69 million shares shorted with days to cover at 3.29.
First Midwest Bancorp Inc. (FMBI) estimates and forecasts
Figures show that First Midwest Bancorp Inc. shares have outperformed across the wider relevant industry. The company’s shares have lost -17.97% over the past 6 months, with this year growth rate of 39.83%, compared to 21.30% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 27.30% and 2.30% for the next quarter. Revenue growth from the last financial year stood is estimated to be 5.50%.
5 analysts offering their estimates for the company have set an average revenue estimate of $189.86 million for the current quarter. 5 have an estimated revenue figure of $191.84 million for the next quarter concluding in Dec 2021. Year-ago sales stood $178.66 million and $175.83 million respectively for this quarter and the next, and analysts expect sales will grow by 6.30% for the current quarter and 9.10% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -3.80% over the past 5 years. Earnings growth for 2021 is a modest -52.40% while over the next 5 years, the company’s earnings are expected to increase by 7.00%.
First Midwest Bancorp Inc. is expected to release its next earnings report between October 18 and October 22 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.56 at a share yield of 3.01%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 2.41%.
First Midwest Bancorp Inc. (NASDAQ:FMBI)’s Major holders
Insiders own 0.92% of the company shares, while shares held by institutions stand at 83.27% with a share float percentage of 84.04%. Investors are also buoyed by the number of investors in a company, with First Midwest Bancorp Inc. having a total of 271 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 16.88 million shares worth more than $369.83 million. As of Mar 30, 2021, Blackrock Inc. held 14.77% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 12.88 million shares as of Mar 30, 2021. The firm’s total holdings are worth over $282.31 million and represent 11.27% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Undiscovered Managers Behavioral Value Fund and iShares Core S&P Smallcap ETF. As of Mar 30, 2021, the former fund manager holds about 6.52% shares in the company for having 7.45 million shares of worth $163.2 million while later fund manager owns 7.23 million shares of worth $143.34 million as of Jun 29, 2021, which makes it owner of about 6.32% of company’s outstanding stock.