First Midwest Bancorp Inc (NASDAQ:FMBI) Shares Sold by Strs Ohio

Strs Ohio trimmed its position in shares of First Midwest Bancorp Inc (NASDAQ:FMBI) by 2.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 202,700 shares of the financial services provider’s stock after selling 5,700 shares during the period. Strs Ohio owned 0.19% of First Midwest Bancorp worth $4,149,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of FMBI. BlackRock Inc. raised its position in shares of First Midwest Bancorp by 6.6% during the 1st quarter. BlackRock Inc. now owns 15,612,357 shares of the financial services provider’s stock worth $319,430,000 after buying an additional 963,616 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of First Midwest Bancorp by 3.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,978,181 shares of the financial services provider’s stock worth $138,238,000 after buying an additional 211,441 shares in the last quarter. Pzena Investment Management LLC raised its position in shares of First Midwest Bancorp by 2.0% during the 1st quarter. Pzena Investment Management LLC now owns 1,497,276 shares of the financial services provider’s stock worth $30,634,000 after buying an additional 29,951 shares in the last quarter. Geode Capital Management LLC raised its position in shares of First Midwest Bancorp by 11.1% during the 4th quarter. Geode Capital Management LLC now owns 1,197,710 shares of the financial services provider’s stock worth $23,726,000 after buying an additional 119,855 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of First Midwest Bancorp during the 4th quarter worth about $23,280,000. 81.41% of the stock is owned by hedge funds and other institutional investors.

A number of analysts recently commented on FMBI shares. BidaskClub downgraded shares of First Midwest Bancorp from a “hold” rating to a “sell” rating in a report on Friday. FIG Partners upgraded shares of First Midwest Bancorp from a “market perform” rating to an “outperform” rating in a report on Thursday, May 16th. Raymond James downgraded shares of First Midwest Bancorp to a “hold” rating in a report on Monday, July 8th. Finally, Zacks Investment Research upgraded shares of First Midwest Bancorp from a “sell” rating to a “hold” rating in a report on Monday, July 29th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $24.50.

NASDAQ FMBI opened at $19.84 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a 50 day simple moving average of $20.50. First Midwest Bancorp Inc has a 12 month low of $18.10 and a 12 month high of $27.70. The company has a market cap of $2.12 billion, a P/E ratio of 11.88, a P/E/G ratio of 1.43 and a beta of 1.23.

First Midwest Bancorp (NASDAQ:FMBI) last released its earnings results on Tuesday, July 23rd. The financial services provider reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. The business had revenue of $190.02 million for the quarter, compared to the consensus estimate of $187.13 million. First Midwest Bancorp had a net margin of 23.58% and a return on equity of 9.51%. The business’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.40 EPS. As a group, analysts forecast that First Midwest Bancorp Inc will post 1.96 EPS for the current year.

In other news, Director Arsdell Stephen C. Van bought 2,500 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were acquired at an average cost of $20.11 per share, with a total value of $50,275.00. Following the completion of the transaction, the director now directly owns 16,500 shares in the company, valued at approximately $331,815. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.10% of the company’s stock.

About First Midwest Bancorp

First Midwest Bancorp, Inc operates as the bank holding company for First Midwest Bank that provides various banking products and services. The company accepts checking, NOW, money market, and savings accounts, as well as various types of short-term and long-term certificates of deposit. Its loan products include working capital loans; accounts receivable financing; inventory and equipment financing; sector-based lending, including healthcare, asset-based lending, structured finance, and syndications; agricultural loans; and mortgages, home equity lines and loans, personal loans, specialty loans, and consumer secured loans, as well as funding for the construction, purchase, refinance, or improvement of commercial real estate properties.

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Institutional Ownership by Quarter for First Midwest Bancorp (NASDAQ:FMBI)

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