Zacks Investment Research downgraded First Midwest Bancorp Inc (NASDAQ:FMBI) to Sell in a report released today.
- Updated: October 10, 2016
Just yesterday First Midwest Bancorp Inc (NASDAQ:FMBI) traded 0.67% higher at $19.62. First Midwest Bancorp Inc’s 50-day moving average is $19.38 and its 200-day average is $18.48. With the last stock price up 6.16% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the date range. Volume of trade was down over the average, with 241,139 shares of FMBI changing hands under the typical 309,988
Zacks Investment Research has downgraded First Midwest Bancorp Inc (NASDAQ:FMBI) to Sell in a report released on Monday October 10, 2016.
With a total market value of $0, First Midwest Bancorp Inc has PE ratio of 18.85 with a one year low of $14.56 and a one year high of $19.90 .
A total of 9 equity analysts have released a research note on the company. Two brokers rating the stock a strong buy, zero firms rating the stock a buy, eight equity analysts rating the company a hold, zero firms rating the stock a underperform, and finally 0 equity analysts rating the company a sell with a one year price target of $19.56.
General Company Details For 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. The Bank operates primarily throughout the Chicago metropolitan area, as well as northwest Indiana, central and western Illinois, and eastern Iowa through approximately 110 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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