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How to buy First Midwest Bancorp (FMBI) stocks in Canada

Learn how to easily invest in First Midwest Bancorp stocks.

First Midwest Bancorp is a banks-regional business based in the US. First Midwest Bancorp stocks (FMBI.US) are listed on the NASDAQ and all prices are listed in US Dollars. Its last market close was $18.54 – an increase of 0.59% over the previous week. First Midwest Bancorp employs 2,074 staff and has a trailing 12-month revenue of around $727.1 million.

How to buy shares in First Midwest Bancorp

  1. Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – FMBI – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
  6. Check in on your investment. Optimize your portfolio by tracking your stock.

First Midwest Bancorp stock price (NASDAQ:FMBI)

Use our graph to track the performance of FMBI stocks over time.

First Midwest Bancorp shares at a glance

Information last updated 2022-01-18.
Latest market close$22.34
52-week range$15.93 - $23.60
50-day moving average $20.61
200-day moving average $19.92
Wall St. target price$23.00
PE ratio 14.6524
Dividend yield $0.56 (2.48%)
Earnings per share (TTM) $1.54

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Is it a good time to buy First Midwest Bancorp stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

First Midwest Bancorp price performance over time

Historical closes compared with the close of $22.34 from 2022-01-18

1 week (2022-01-12) 0.59%
1 month (2021-12-17) 14.74%
3 months (2021-10-19) 13.11%
6 months (2021-07-19) 24.73%
1 year (2021-01-19) 21.61%
2 years (2020-01-17) 0.18%
3 years (2019-01-18) 1.18%
5 years (2017-01-19) 24.04

Is First Midwest Bancorp under- or over-valued?

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 P/E ratio

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 15x. In other words, First Midwest Bancorp shares trade at around 15x 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 PEG ratio

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.

First Midwest Bancorp financials

Revenue TTM $727.1 million
Operating margin TTM 40.19%
Gross profit TTM $621.7 million
Return on assets TTM 0.9%
Return on equity TTM 7.15%
Profit margin 26.49%
Book value $21.83
Market capitalisation $2.6 billion

TTM: trailing 12 months

First Midwest Bancorp share dividends

33%

Dividend payout ratio: 32.56% of net profits

Recently First Midwest Bancorp has paid out, on average, around 32.56% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 2.48% 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 2.48% 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 14 December 2021. The latest dividend was paid out to all shareholders who bought their shares by 2 December 2021 (the "ex-dividend date").

Have First Midwest Bancorp's shares ever split?

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.

First Midwest Bancorp share price volatility

Over the last 12 months, First Midwest Bancorp's shares have ranged in value from as little as $15.9307 up to $23.5996. A popular way to gauge a stock's volatility is its "beta".

FMBI.US volatility(beta: 1.15)Avg. volatility(beta: 1.00)LowHigh

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 1.147. This would suggest that First Midwest Bancorp's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).

How has Coronavirus impacted First Midwest Bancorp's stock price?

Since the stock market crash in March caused by coronavirus, First Midwest Bancorp's stock price has had significant positive movement.

Its last market close was $22.34, which is 7.56% up on its pre-crash value of $20.65 and 95.35% up on the lowest point reached during the March crash when the stocks fell as low as $11.436.

If you had bought $1,000 worth of First Midwest Bancorp stocks at the start of February 2020, those stocks would have been worth $574.02 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $1,095.11.

First Midwest Bancorp overview

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.

Frequently asked questions

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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