First Midwest Bancorp (NASDAQ:FMBI) posted its quarterly earnings results on Monday. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.37, Briefing.com reports. First Midwest Bancorp had a return on equity of 6.02% and a net margin of 14.29%. During the same quarter in the previous year, the business posted $0.22 EPS.
Shares of FMBI stock traded up $0.27 during trading hours on Wednesday, hitting $21.14. 568,008 shares of the company were exchanged, compared to its average volume of 809,680. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $2.42 billion, a price-to-earnings ratio of 20.73 and a beta of 1.27. The firm has a fifty day simple moving average of $22.15 and a 200 day simple moving average of $17.16. First Midwest Bancorp has a 52-week low of $10.31 and a 52-week high of $24.28.
The business also recently announced a quarterly dividend, which was paid on Tuesday, April 13th. Stockholders of record on Friday, March 26th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date of this dividend was Thursday, March 25th. First Midwest Bancorp’s dividend payout ratio is currently 28.28%.
First Midwest Bancorp Company Profile
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 needs; 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 and unsecured loans, as well as funding for the construction, purchase, refinance, or improvement of commercial real estate properties.
Featured Article: Leveraged Buyout (LBO)
Receive News & Ratings for First Midwest Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Midwest Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.