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1 Comment
First Midwest Bancorp, Inc is currently in a long term uptrend where the price is trading 6.7% above its 200 day moving average.
From a valuation standpoint, the stock is 92.3% cheaper than other stocks from the Financial Services sector with a price to sales ratio of 3.4.
First Midwest Bancorp, Inc's total revenue sank by 9.8% to $176M since the same quarter in the previous year.
Its net income has dropped by 20.2% to $42M since the same quarter in the previous year.
Finally, its free cash flow fell by 48.2% to $37M since the same quarter in the previous year.
Based on the above factors, First Midwest Bancorp, Inc gets an overall score of 2/5.
ISIN | None |
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CurrencyCode | EUR |
Exchange | F |
Industry | Banks-Regional |
Sector | Financial Services |
Dividend Yield | 2.7% |
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Market Cap | 2B |
Target Price | 21.93 |
PE Ratio | 12.99 |
Beta | 1.1 |
As of February 15, 2022, First Midwest Bancorp, Inc. was acquired by Old National Bancorp. 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. The company operates 115 locations and 184 ATMs in metropolitan Chicago, southeast Wisconsin, northwest Indiana, central and western Illinois, eastern Iowa, and other markets in the Midwest. First Midwest Bancorp, Inc. was incorporated in 1982 and is headquartered in Chicago, Illinois.
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