First Midwest Bancorp Inc. (NASDAQ:FMBI) went up by 0.91% during the previous trading session, and it is maintaining the win ahead of Monday’s trading session. The share price of the Banks – Regional giant went up by $13.82 to trade ended Monday trading at $13.70. This is up from the $13.7 price recorded on Friday’s trading session. Thanks to this latest performance, FMBI is closer to the higher price 52-week target of $17.50 and further from the lowest price target of $13.00. Its performance from the start of the year has also been negative, with FMBI down by -40.05% year-to-date.
First Midwest Bancorp Inc. (FMBI) started the day trading at $13.52 and recorded an intraday high of $13.92. It also recorded an intraday low of $13.42 during Monday’s trading session. First Midwest Bancorp Inc. is a very active stock that recorded a trading volume that is less than -45.43% of the average daily trading volume on Monday. The stock’s trading volume on Monday was 526746, which is less than -45.43 of the total average daily trading volume of 766.03K.
First Midwest Bancorp Inc. (NASDAQ:FMBI) 2020 Performance Impressive
The increase in FMBI’s stock price on Monday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of FMBI currently stands at $23.64, which is higher than the current trading price of the stock by 41.54%. However, FMBI’s current trading price is -34.04% lower than the 52-week low price of $10.31. In terms of trading volume, First Midwest Bancorp Inc. currently experienced healthy participation during the last trading session. 526746 shares of First Midwest Bancorp Inc. were traded on the stock exchange on Monday, which is less than -45.43% of the 766.03K average trading volume of the stock.
The performance of the stock has been positive over the past year. FMBI’s performance over the past one year has seen it plunge by -32.82%, while the stock has gone down by -40.51% in the last six months. The quarterly performance of FMBI currently stands at 18.06%, and it is up by 14.78% in the last month. The only positive figure was from the weekly performance, which currently reads 1.36%. At the time of writing FMBI’s report, the company has a total market cap of $1.60B, making it one of the largest publicly-traded companies in the world.First Midwest Bancorp Inc. also has over 2122 employees all over the world.
FMBI Insider Activities
For First Midwest Bancorp Inc., insiders hold 83.90% of all company shares. The insider transactions over the past six months are up by 33.90%. During that period, insiders bought 249,146 shares in 40 transactions. In that same period, insiders sold 80,636 of their shares in 49 transactions. After these transactions, insiders at First Midwest Bancorp Inc. now hold 984.91k shares, which is over 87.72% of the total company stocks. Institutional investors currently hold a large chunk of the FMBI shares, as they control 0.86% of the company’s total stock.
FMBI Fundamental Analysis
For First Midwest Bancorp Inc., the stock’s diluted earnings per share (EPS) stands at 1.57. In the coming year, analysts expect the EPS to be 1.03. The EPS growth will up over the next five years to 7.00% after surging by 14.70% in the previous five years. In terms of revenue, First Midwest Bancorp Inc.’s quarterly sales (YOY) is growing at 0.18, which is lower than the average annual revenue of 14.70% over the past half a decade.
The Return on Investment (ROI) on First Midwest Bancorp Inc.’s stock currently stands at 18.40%, and it has a net profit margin of 24.30%. The operating margin of the company is 77.60%.
FMBI Analysts Prediction
In March 06, 2020, several analysts reiterated their positions on the First Midwest Bancorp Inc. stock and predicted its performance to their investors. The analysts at SunTrust believe FMBI is still a Hold and set the price target between $24 and $20. The Stephens has a Overweight rating for First Midwest Bancorp Inc., predicting the stock price to stay between $21 and $23.
At the moment, First Midwest Bancorp Inc.’s Total Debt to Equity ratio stands at 0.10, and they have a long-term Debt to Equity ratio of 0.10.
FMBI Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of FMBI currently stands at -0.03%, while the SMA50 is 3.87%. The biggest one is the SMA200, which is currently reading -23.81% ahead of Monday’s trading session. The Relative Strength Index of this stock is 51.67, while its price to earnings ratio (P/E) is 8.80.
