EPS for First Midwest Bancorp, Inc. (FMBI) Expected At $0.36; RBC Bearings Has 2 Sentiment

January 14, 2018 - By Louis Casey

Analysts expect First Midwest Bancorp, Inc. (NASDAQ:FMBI) to report $0.36 EPS on January, 23.They anticipate $0.04 EPS change or 12.50% from last quarter’s $0.32 EPS. FMBI’s profit would be $36.98 million giving it 18.15 P/E if the $0.36 EPS is correct. After having $0.37 EPS previously, First Midwest Bancorp, Inc.’s analysts see -2.70% EPS growth. The stock increased 1.55% or $0.4 during the last trading session, reaching $26.14. About 852,930 shares traded or 36.78% up from the average. First Midwest Bancorp, Inc. (NASDAQ:FMBI) has risen 25.46% since January 14, 2017 and is uptrending. It has outperformed by 8.76% the S&P500.

RBC Bearings Incorporated manufactures and markets engineered precision bearings and components in North America, Europe, Asia, and Latin America. The company has market cap of $3.09 billion. It operates in four divisions: Plain Bearings, Roller Bearings, Ball Bearings, and Engineered Products. It has a 44.29 P/E ratio. The Plain Bearings segment produces plain bearings with self-lubricating or metal-to-metal designs, including rod end bearings, spherical plain bearings, and journal bearings that are primarily used to rectify misalignments in various mechanical components, such as aircraft controls, helicopter rotors, or in heavy mining and construction equipment.

Investors sentiment increased to 1.57 in Q3 2017. Its up 0.12, from 1.45 in 2017Q2. It is positive, as 14 investors sold First Midwest Bancorp, Inc. shares while 46 reduced holdings. 19 funds opened positions while 75 raised stakes. 82.77 million shares or 0.78% more from 82.13 million shares in 2017Q2 were reported. New York State Teachers Retirement Sys reported 0.01% stake. Denver Inv Limited Com accumulated 417,893 shares. Barclays Plc holds 0% or 2,471 shares. Basswood Capital Limited Liability Corp has 0.41% invested in First Midwest Bancorp, Inc. (NASDAQ:FMBI) for 376,527 shares. Cna Corp has 0.2% invested in First Midwest Bancorp, Inc. (NASDAQ:FMBI). Blackrock has invested 0.02% in First Midwest Bancorp, Inc. (NASDAQ:FMBI). South Dakota Council accumulated 95,800 shares. Deprince Race And Zollo Incorporated invested 0.41% in First Midwest Bancorp, Inc. (NASDAQ:FMBI). Quantbot Technology L P reported 5,062 shares stake. Hutchin Hill L P accumulated 153,327 shares. Guggenheim Ltd Liability Com has 0% invested in First Midwest Bancorp, Inc. (NASDAQ:FMBI) for 18,785 shares. Skyline Asset Mngmt Limited Partnership has 1.85% invested in First Midwest Bancorp, Inc. (NASDAQ:FMBI) for 996,442 shares. Maltese Capital Management Lc reported 65,800 shares or 0.13% of all its holdings. Cambiar Investors Llc holds 0.19% of its portfolio in First Midwest Bancorp, Inc. (NASDAQ:FMBI) for 514,698 shares. Schwab Charles Inv Management reported 0.01% stake.

Since September 15, 2017, it had 0 buys, and 2 selling transactions for $1.30 million activity. On Friday, September 15 the insider MCDONNELL PATRICK J sold $76,475. Shares for $1.23M were sold by OMEARA ROBERT P.

First Midwest Bancorp, Inc. operates as a bank holding firm for First Midwest Bank that provides various banking services and products. The company has market cap of $2.69 billion. The firm accepts various deposits, such as checking, NOW, money market, and savings accounts, as well as various types of short-term and long-term certificates of deposit. It has a 21.77 P/E ratio. The Company’s loan products include working capital loans and lines of credit; accounts receivable financing; inventory and equipment financing; sector lending, including leasing, healthcare, asset lending, structured finance, and syndications; agricultural loans; and mortgages, home equity lines and loans, personal loans, specialty loans, and auto loans.

Among 9 analysts covering First Midwest Bancorp (NASDAQ:FMBI), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. First Midwest Bancorp has $28 highest and $19 lowest target. $26’s average target is -0.54% below currents $26.14 stock price. First Midwest Bancorp had 21 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Hold” rating by Keefe Bruyette & Woods given on Tuesday, October 3. The firm has “Buy” rating given on Friday, October 20 by Jefferies. The stock of First Midwest Bancorp, Inc. (NASDAQ:FMBI) has “Overweight” rating given on Monday, July 24 by PiperJaffray. The stock of First Midwest Bancorp, Inc. (NASDAQ:FMBI) has “Neutral” rating given on Friday, May 13 by Macquarie Research. The rating was maintained by Piper Jaffray on Tuesday, October 3 with “Buy”. The stock has “Buy” rating by Piper Jaffray on Friday, December 1. The stock of First Midwest Bancorp, Inc. (NASDAQ:FMBI) has “Buy” rating given on Monday, January 8 by SunTrust. The firm has “Buy” rating given on Friday, August 11 by Jefferies. Keefe Bruyette & Woods maintained First Midwest Bancorp, Inc. (NASDAQ:FMBI) rating on Thursday, December 21. Keefe Bruyette & Woods has “Hold” rating and $26.0 target. SunTrust maintained First Midwest Bancorp, Inc. (NASDAQ:FMBI) on Tuesday, November 28 with “Buy” rating.

Analysts await RBC Bearings Incorporated (NASDAQ:ROLL) to report earnings on February, 14. They expect $0.86 earnings per share, up 17.81% or $0.13 from last year’s $0.73 per share. ROLL’s profit will be $20.32 million for 37.99 P/E if the $0.86 EPS becomes a reality. After $0.83 actual earnings per share reported by RBC Bearings Incorporated for the previous quarter, Wall Street now forecasts 3.61% EPS growth.

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