First Midwest Bancorp Inc (FMBI) Shares Sold by Maltese Capital Management LLC

Maltese Capital Management LLC trimmed its stake in shares of First Midwest Bancorp Inc (NASDAQ:FMBI) by 11.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,400 shares of the financial services provider’s stock after selling 7,400 shares during the period. Maltese Capital Management LLC owned 0.06% of First Midwest Bancorp worth $1,402,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of FMBI. ProShare Advisors LLC increased its position in First Midwest Bancorp by 0.3% during the second quarter. ProShare Advisors LLC now owns 13,459 shares of the financial services provider’s stock worth $314,000 after purchasing an additional 36 shares during the last quarter. New York State Common Retirement Fund increased its position in First Midwest Bancorp by 23.9% during the second 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 last quarter. Vanguard Group Inc. increased its position in shares of First Midwest Bancorp by 13.1% during the second quarter. Vanguard Group Inc. now owns 8,957,728 shares of the financial services provider’s stock valued at $208,804,000 after acquiring an additional 1,037,378 shares during the last quarter. Parametric Portfolio Associates LLC increased its position in shares of First Midwest Bancorp by 15.4% during the second quarter. Parametric Portfolio Associates LLC now owns 190,758 shares of the financial services provider’s stock valued at $4,447,000 after acquiring an additional 25,470 shares during the last quarter. Finally, Voya Investment Management LLC increased its position in shares of First Midwest Bancorp by 20.4% during the second quarter. Voya Investment Management LLC now owns 42,818 shares of the financial services provider’s stock valued at $998,000 after acquiring an additional 7,266 shares during the last quarter. 80.41% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have weighed in on the stock. Zacks Investment Research cut shares of First Midwest Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday. BidaskClub raised shares of First Midwest Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, February 10th. Piper Jaffray Companies reiterated a “buy” rating and issued a $29.00 price target on shares of First Midwest Bancorp in a research note on Tuesday, January 9th. Sandler O’Neill set a $26.00 price target on shares of First Midwest Bancorp and gave the stock a “hold” rating in a research note on Wednesday, January 3rd. Finally, Jefferies Group restated a “buy” rating and set a $28.00 price objective on shares of First Midwest Bancorp in a research report on Friday, December 8th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. First Midwest Bancorp presently has an average rating of “Buy” and a consensus target price of $26.67.

First Midwest Bancorp Inc (FMBI) opened at $24.84 on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.97 and a quick ratio of 0.98. First Midwest Bancorp Inc has a 12 month low of $20.50 and a 12 month high of $26.48. The stock has a market cap of $2,515.54, a price-to-earnings ratio of 17.49, a price-to-earnings-growth ratio of 2.02 and a beta of 1.18.

First Midwest Bancorp (NASDAQ:FMBI) last posted its quarterly earnings results on Monday, January 29th. The financial services provider reported $0.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.03). First Midwest Bancorp had a return on equity of 7.69% and a net margin of 14.59%. The company had revenue of $154.24 million for the quarter, compared to analyst estimates of $162.84 million. During the same period last year, the company earned $0.32 earnings per share. equities research analysts anticipate that First Midwest Bancorp Inc will post 1.73 earnings per share for the current fiscal year.

In related news, Director Robert P. Omeara sold 50,000 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $24.56, for a total value of $1,228,000.00. The transaction was disclosed in a document filed 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 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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