Insider Trading Update: First Midwest Bancorp, Inc. $FMBI

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First Midwest Bancorp, Inc. (FMBI) insider have most recently took part in a trading activity. On Jun 13, 2017 Brown Thomas Lynn, Director bought 3,000 shares having total worth of $72,180 at the price of $24.06 per share, following the transaction a total of 3,000 shares owned by Brown Thomas Lynn.

Furthermore, over the past 12 months , the stock was traded 7 times by insiders. In 5 of these trades, the insider was a seller while an employee of the company was the buyer in 2 instances.

Shares of First Midwest Bancorp, Inc. (FMBI) traded up 0.38% on Jun 13, 2017, hitting $24.01. 965,799 shares of the company’s stock traded hands. First Midwest Bancorp, Inc. has a 52 week low of $15.9 and a 52 week high of $25.81. The company’s market cap is $1,550 million.

First Midwest Bancorp, Inc. (FMBI) last announced its earnings results on Apr 25, 2017. The company reported 0.34 earnings per share (EPS) for the quarter, same as the consensus estimate of 0.34. The company had revenue of $155 million for the quarter, compared to the consensus estimate of $163 million. During the same quarter in the previous year, the company posted 0.27 earnings per share. The company’s revenue for the quarter was up 33% on a year-over-year basis.

2017-04-25 2017-01-24 2016-10-18 2016-07-19 2016-04-19 2016-01-26 2015-10-20 2015-07-21 2015-04-21 2015-01-20
earnings per share 0.34 0.32 0.32 0.32 0.00 0.29 0.30 0.29 0.26 0.27
Revenue(M) 155.15 127.74 136.83 127.8 0 116.98 112.92 115.58 107.88 114.27

First Midwest Bancorp, Inc. is a Delaware corporation and bank holding company that was incorporated in 1982, began operations on March 31, 1983, and was formed through an exchange of common stock. The Company operates one wholly-owned subsidiary: First Midwest Bank or the Bank. It is engaged in commercial and retail banking and offers financial products and services including lending, depository, trust, investment management, insurance, and other related financial services tailored to the needs of its individual, business, institutional, and governmental customers. First Midwest offers a variety of traditional financial products and services that are designed to meet the financial needs of the customers and communities it serves. For over 60 years, First Midwest has been in the basic business of community banking, namely attracting deposits and making loans, as well as providing wealth management, investment, and retirement plan services. First Midwest offers a full range of deposit services that are typically available in most commercial banks and financial institutions, including checking accounts, NOW accounts, money market accounts, savings accounts, and time deposits of various types, ranging from shorter-term to longer-term certificates of deposit. First Midwest originates commercial and industrial, agricultural, commercial real estate, and consumer loans. First Midwest’s ability to maintain affordable funding sources allows the Company to meet the credit needs of its customers and the communities it serves. First Midwest maintains a sizeable securities portfolio in order to provide the Company with financial stability, asset diversification, income, and collateral for borrowing. The Bank operates the following wholly-owned subsidiaries: FMB Investment Corporation is a Delaware corporation that manages investment securities, principally state and municipal obligations, and provides corporate management services to its wholly-owned subsidiary, FMB Investment Trust, a Maryland business trust. FMB Investment Trust manages many of the real estate loans originated by the Bank. Calumet Investment Corporation is a Delaware corporation that manages investment securities, principally state and municipal obligations, and provides corporate management services to its wholly-owned subsidiary, Calumet Investments Ltd., a Bermuda corporation. Calumet Investments Ltd. manages investment securities and is largely inactive. Six limited liability companies: Synergy Properties Holdings, LLC; FDB Berkshire, LLC; FDB Sheridan Terrace LLC; FDB Curtiss Street, LLC; Hamlin Wilson, LLC; and FDB Properties LLC, each of which holds OREO properties acquired by the former First DuPage Bank or the Bank. Bank Calumet Financial Services, Inc. is an Indiana corporation, which is largely inactive. The banking and financial services industry in the Chicago metropolitan area is highly competitive, and the Company expects it to remain so in the future. It fac

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.