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First Midwest Bancorp, Inc is a banks-regional business based in the US. First Midwest Bancorp shares (FMBI) are listed on the NASDAQ and all prices are listed in US Dollars. First Midwest Bancorp employs 2,074 staff and has a trailing 12-month revenue of around 0.00.
|52-week range||$9.91 - $24.12|
|50-day moving average||$22.04|
|200-day moving average||$17.52|
|Wall St. target price||$22.17|
|Dividend yield||$0.56 (2.63%)|
|Earnings per share (TTM)||$1.05|
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Valuing First Midwest Bancorp stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of First Midwest Bancorp's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
First Midwest Bancorp's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 20x. In other words, First Midwest Bancorp shares trade at around 20x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
First Midwest Bancorp's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 2.56. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into First Midwest Bancorp's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
|Revenue TTM||$659.1 million|
|Operating margin TTM||34.08%|
|Gross profit TTM||$621.7 million|
|Return on assets TTM||0.65%|
|Return on equity TTM||5.24%|
|Market capitalisation||$2.4 billion|
TTM: trailing 12 months
There are currently 3.0 million First Midwest Bancorp shares held short by investors – that's known as First Midwest Bancorp's "short interest". This figure is 7.8% down from 3.3 million last month.
There are a few different ways that this level of interest in shorting First Midwest Bancorp shares can be evaluated.
First Midwest Bancorp's "short interest ratio" (SIR) is the quantity of First Midwest Bancorp shares currently shorted divided by the average quantity of First Midwest Bancorp shares traded daily (recently around 727669.66019417). First Midwest Bancorp's SIR currently stands at 4.12. In other words for every 100,000 First Midwest Bancorp shares traded daily on the market, roughly 4120 shares are currently held short.
However First Midwest Bancorp's short interest can also be evaluated against the total number of First Midwest Bancorp shares, or, against the total number of tradable First Midwest Bancorp shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case First Midwest Bancorp's short interest could be expressed as 0.03% of the outstanding shares (for every 100,000 First Midwest Bancorp shares in existence, roughly 30 shares are currently held short) or 0.0358% of the tradable shares (for every 100,000 tradable First Midwest Bancorp shares, roughly 36 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against First Midwest Bancorp.
Find out more about how you can short First Midwest Bancorp stock.
Dividend payout ratio: 36.36% of net profits
Recently First Midwest Bancorp has paid out, on average, around 36.36% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.63% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), First Midwest Bancorp shareholders could enjoy a 2.63% return on their shares, in the form of dividend payments. In First Midwest Bancorp's case, that would currently equate to about $0.56 per share.
While First Midwest Bancorp's payout ratio might seem fairly standard, it's worth remembering that First Midwest Bancorp may be investing much of the rest of its net profits in future growth.
First Midwest Bancorp's most recent dividend payout was on 12 April 2021. The latest dividend was paid out to all shareholders who bought their shares by 24 March 2021 (the "ex-dividend date").
First Midwest Bancorp's shares were split on a 5:4 basis on 16 December 2001. So if you had owned 4 shares the day before before the split, the next day you'd have owned 5 shares. This wouldn't directly have changed the overall worth of your First Midwest Bancorp shares – just the quantity. However, indirectly, the new 20% lower share price could have impacted the market appetite for First Midwest Bancorp shares which in turn could have impacted First Midwest Bancorp's share price.
Over the last 12 months, First Midwest Bancorp's shares have ranged in value from as little as $9.9076 up to $24.1218. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while First Midwest Bancorp's is 1.3144. This would suggest that First Midwest Bancorp's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
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. In addition, the company offers treasury management products and services comprising automated clearing house collection, lockbox, remote deposit capture, and financial electronic data interchange; wire transfer, account reconciliation, controlled disbursement, direct deposit, and positive pay services; information reporting services; corporate credit cards; and liquidity management, fraud prevention, and merchant services. Further, it provides fiduciary and executor, financial planning, investment advisory, employee benefit plan, and private banking services to corporate and public retirement plans, foundations and endowments, high net worth individuals, and multi-employer trust funds. Additionally, the company offers debit and automated teller machine (ATM), and credit cards; internet and mobile, and telephone banking services; and financial education services.
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