Yesterday, the Chairman & CEO of First Midwest Bancorp (FMBI), Michael Scudder, bought shares of FMBI for $100.7K.
Following this transaction Michael Scudder’s holding in the company was increased by 2% to a total of $4.83 million. In addition to Michael Scudder, one other FMBI executive reported Buy 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 $223 million and quarterly net profit of $51.7 million. In comparison, last year the company earned revenue of $196 million and had a net profit of $41.09 million. The company has a one-year high of $23.64 and a one-year low of $14.54. Currently, First Midwest Bancorp has an average volume of 557.75K.
The insider sentiment on First Midwest Bancorp has been positive according to 72 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. is a bank holding company, which engages in the provision of commercial and retail banking services. It offers a full range of commercial, retail, treasury management, and wealth management products and services to commercial and industrial, agricultural, commercial real estate, municipal, and consumer customers.
