Deprince Race & Zollo Inc. Has $18.32 Million Holdings in First Midwest Bancorp, Inc. (FMBI)

Deprince Race & Zollo Inc. increased its stake in shares of First Midwest Bancorp, Inc. (NASDAQ:FMBI) by 1.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 782,416 shares of the financial services provider’s stock after purchasing an additional 9,842 shares during the period. Deprince Race & Zollo Inc. owned 0.76% of First Midwest Bancorp worth $18,324,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. New York State Common Retirement Fund boosted its position in shares of First Midwest Bancorp by 23.9% during the 2nd quarter. New York State Common Retirement Fund now owns 109,200 shares of the financial services provider’s stock worth $2,545,000 after purchasing an additional 21,099 shares during the period. Parametric Portfolio Associates LLC raised its holdings in shares of First Midwest Bancorp by 15.4% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 190,758 shares of the financial services provider’s stock valued at $4,447,000 after purchasing an additional 25,470 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of First Midwest Bancorp by 18.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,483,563 shares of the financial services provider’s stock valued at $57,890,000 after purchasing an additional 380,112 shares in the last quarter. Cipher Capital LP raised its holdings in shares of First Midwest Bancorp by 153.6% in the 2nd quarter. Cipher Capital LP now owns 83,134 shares of the financial services provider’s stock valued at $1,938,000 after purchasing an additional 50,358 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of First Midwest Bancorp by 21.5% in the 2nd quarter. State Street Corp now owns 3,645,798 shares of the financial services provider’s stock valued at $84,982,000 after purchasing an additional 644,968 shares in the last quarter. Hedge funds and other institutional investors own 80.03% of the company’s stock.

First Midwest Bancorp, Inc. (FMBI) traded up $0.04 during trading hours on Friday, hitting $23.19. 532,500 shares of the stock were exchanged, compared to its average volume of 773,684. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $2,378.17, a price-to-earnings ratio of 16.77, a PEG ratio of 2.34 and a beta of 1.15. First Midwest Bancorp, Inc. has a twelve month low of $20.50 and a twelve month high of $25.83.

First Midwest Bancorp (NASDAQ:FMBI) last released its earnings results on Tuesday, October 24th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. First Midwest Bancorp had a net margin of 18.08% and a return on equity of 7.89%. The firm had revenue of $163.24 million during the quarter, compared to the consensus estimate of $164.81 million. During the same period in the previous year, the firm earned $0.32 earnings per share. equities analysts expect that First Midwest Bancorp, Inc. will post 1.41 earnings per share for the current year.

FMBI has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of First Midwest Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, August 15th. BidaskClub downgraded shares of First Midwest Bancorp from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. FIG Partners downgraded shares of First Midwest Bancorp from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $26.00 to $25.00 in a research report on Thursday, July 27th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $27.00 target price on shares of First Midwest Bancorp in a report on Friday, August 11th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $23.00 target price on shares of First Midwest Bancorp in a report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $25.83.

In other First Midwest Bancorp news, Director Patrick J. Mcdonnell sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $21.85, for a total transaction of $76,475.00. Following the completion of the sale, the director now directly owns 24,237 shares in the company, valued at $529,578.45. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.69% of the stock is owned by insiders.

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First Midwest Bancorp Company Profile

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.

Institutional Ownership by Quarter for First Midwest Bancorp (NASDAQ:FMBI)

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