First Midwest Bancorp, Inc. (NASDAQ:FMBI) is reporting third quarter earnings results on Tuesday 20th October 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.22 per share.
For the full year, analysts predict revenues of $ 730.90 million, while looking forward to income of $ 0.89 per share.
Previous Quarter Performance
First Midwest Bancorp, Inc. revealed income for the second quarter of $ 0.19 per share, from the revenue of $ 178.22 million. The quarterly earnings down 62.00 percent while revenues reduced 3.87 percent compared with the same quarter last year.
Wall street analysts are predicting, FMBI to report 2Q20 income of $ 0.15 per share from revenue of $ 188.01 million. The bottom line results beat street analysts by $ 0.04 or 26.67 percent, at the same time, top line results fell short of analysts by $ 9.79 million or 5.21 percent.
Stock Performance
Shares of First Midwest Bancorp, Inc. traded low $ -0.08 or -0.67 percent on Monday, reaching $ 11.85 with volume of 273.30 thousand shares. First Midwest Bancorp, Inc. has traded high as $ 12.19 and has cracked $ 11.84 on the downward trend
According to the previous trading day, closing price of $ 11.85, representing a 15.71 % increase from the 52 week low of $ 10.31 and a 49.53 % decrease over the 52 week high of $ 23.64.
The company has a market capital of $ 1.35 billion and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Analyst recommendations
- On 29th September 2020, maintained by Piper Sandler at Overweight rating, with $ 14.00 target price.
Conference Call
First Midwest Bancorp, Inc. will be hosting a conference call at 11:00 AM eastern time on 20th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.firstmidwest.com
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.
