First Midwest Bancorp Inc. (NASDAQ:FMBI) saw an upside of 1.37% to close Friday at $19.27 after adding $0.26 on the day. The 5-day average trading volume is 559,500 shares of the company’s common stock. It has gained $19.53 in the past week and touched a new high 2 times within the past 5 days. An average of 574,800 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 493,548.
FMBI’s 1-month performance is 4.39% or $0.81 on its low of $17.41 reached on 09/20/21. The company’s shares have touched a 52-week low of $10.58 and high of $24.28, with the stock’s rally to the 52-week high happening on 03/18/21. YTD, FMBI has achieved 21.04% or $3.35 and has reached a new high 19 times. However, the current price is down -20.63%% from the 52-week high price.
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On Mar 05, 211 days have gone by since the last insider trading activity for First Midwest Bancorp Inc. (FMBI). Hotchkiss James P (EVP and Treasurer) most recently sold 2,521 shares at $20.77 per share on Mar 05. This transaction cost the insider $52,361. EVP and Treasurer, Hotchkiss James P, sold 2,479 shares at a price of $20.26 on Mar 04.
The company’s PE ratio for the last five years has touched a high of 27.55 and a low of 6.434. FMBI stock has a beta of 1.26. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.50 while the price-to-book (PB) in the most recent quarter is 0.88, with the price to cash flow ratio at 14.91.
First Midwest Bancorp Inc. pays an annual dividend of $0.56 per share. Its dividend yield is 2.91% and the payout ratio is 42.90%. FMBI paid $0.14 a share compared with prior rate of $0.14, down 0.0% from last year’s. The company has boosted its dividend for the last 12 consecutive years with the latest dividend increase of $0.02 reported on Monday May 20 2019. Measured over the last 3 years, the Dividend has been growing by 43.59% yearly.
It is projected that First Midwest Bancorp Inc.’s next ex-dividend date will be on 20-Dec. FMBI is expected to distribute $0.14 as its next dividend.
As well, the company’s long term debt to equity for the quarter ending June 29 was 0.10, while the total debt to equity was 0.10 while for the period ending June 29; First Midwest Bancorp Inc.’s operating margin was 88.70%. The firm’s gross profit as reported stood at $579.65 million against revenue of $651.32 million.
The effectiveness of a company’s management is also important for investors when it comes to determining the potential profitability of the investment. First Midwest Bancorp Inc.’s return on assets over the past 12 months stands at 0.70%. Return on investment over the past year is 19.20%, while its return on equity (ROE) trailing 12 months is 6.00%. In comparison, the average ROE for the broader industry over the past year is 9.30.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected FMBI to announce $0.37 per share in earnings in its latest quarter, but it posted $0.41, representing a 10.80% surprise. FMBI stock balance sheet for the quarter ending June 29 shows that, with total debt at $1.74 billion
Let’s look briefly at First Midwest Bancorp Inc. (FMBI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 01 October was 67.35% to suggest the stock is trending Neutral, with historical volatility in this time period at 25.28%.
The stock’s 5-day moving average is $19.18, reflecting a +4.22% or $0.78 change from its current price. FMBI is currently trading +3.49% above its 20-day SMA, -8.11% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +9.55% and +22.90% respectively.
Stochastic %K and %D was 83.33% and 83.70% and the average true range (ATR) pointed at 0.46. The RSI (14) points at 62.29%, while the 14-day stochastic is at 87.74% with the period’s ATR at 0.46. The stock’s 9-day MACD Oscillator is pointing at 0.51 and 0.82 on the 14-day charts.
In the most recent analyst report for First Midwest Bancorp Inc. (NASDAQ: FMBI), Piper Sandler upgraded it to an Overweight rating. They previously had a Neutral rating on the stock.