Yesterday, the Chairman & CEO of First Midwest Bancorp (FMBI), Michael Scudder, sold shares of FMBI for $699.3K.
In addition to Michael Scudder, one other FMBI executive reported Sell trades in the last month.
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Based on First Midwest Bancorp’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $196 million and quarterly net profit of $41.09 million. In comparison, last year the company earned revenue of $165 million and had a net profit of $2.34 million. FMBI’s market cap is $2.42B and the company has a P/E ratio of 14.85. Currently, First Midwest Bancorp has an average volume of 360.1K.
Based on 5 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $24.67, reflecting a 8.6% upside.
In the last 30 days, insiders have sold $699.3K worth of FMBI shares and purchased $150.6K worth of FMBI shares. The insider sentiment on First Midwest Bancorp has been positive according to 102 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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First Midwest Bancorp, Inc. (Illinois) is a bank holding company, which engages in the provision of banking, treasury, and wealth management products and services to commercial and industrial, commercial real estate, municipal, and consumer customers.
