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A statement released earlier today by Zacks Investment Research about First Midwest Bancorp Inc (NASDAQ:FMBI) bumps the target price to $26.00

Boasting a price of $23.74, First Midwest Bancorp Inc (NASDAQ:FMBI) traded -1.27% lower on the day. With the last close up -10.21% from the two hundred day average, compared with the S&P 500 Index which has increased 0.05% over the date range. First Midwest Bancorp Inc has recorded a 50-day average of $22.86 and a two hundred day average of $23.36. Volume of trade was up over the average, with 733,772 shares of FMBI changing hands over the typical 733,581

Zacks Investment Research upped the price target of First Midwest Bancorp Inc (NASDAQ:FMBI) to $26.00 stating a potential upside of 0.10%.

Performance Chart

First Midwest Bancorp Inc (NASDAQ:FMBI)

With a total market value of $0, First Midwest Bancorp Inc has price-earnings ratio of 17.98 with a one year low of $18.75 and a one year high of $25.83 .

A total of 9 firms have reported on the stock. 2 brokers rating the company a strong buy, zero equity analysts rating the company a buy, eight brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $19.56.

General Information About First Midwest Bancorp Inc (NASDAQ:FMBI)

First Midwest Bancorp, Inc. is a bank holding company. The Company's principal subsidiary, First Midwest Bank (the Bank), is an Illinois state-chartered bank and provides a range of banking, treasury and wealth management products and services, to commercial and industrial, commercial real estate, municipal and consumer customers. As of December 31, 2016, the Bank operated primarily throughout the Chicago metropolitan area, as well as northwest Indiana, central and western Illinois, and eastern Iowa through 117 banking locations. The Bank offers capital market products to commercial customers as risk management solutions, which include derivatives and interest rate risk products. The Bank provides an array of financing products to developers, investors and other real estate professionals, which include funding for the construction, purchase, refinance or improvement of commercial real estate properties. The Company's loan portfolio consists of both corporate and consumer loans.

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