Home Sectors Financial Services Present Valuation: First Midwest Bancorp (NASDAQ: FMBI)

Present Valuation: First Midwest Bancorp (NASDAQ: FMBI)

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First Midwest Bancorp is in the financial services sector and is part of the banking industry. The company CEO is Michael L. Scudder. First Midwest Bancorp Inc provides a broad range of commercial, retail, treasury, and wealth management products and services, to commercial and industrial, commercial real estate, municipal, and consumer customers.

Previous Intraday Trading Performance:

The FMBI stock showed a previous change of -5.08% with an open at 23.06 and a close of 22.03. It reached an intraday high of 23.19 and a low of 21.85.

SeekingAlpha:  Dividend Increases: November 12-23, 2018 (Part 2: Remaining Sectors)

Liquidity:

The stock has a market cap of $2.3b with 106.4m shares outstanding, of which the float is 104.5m shares. Trading volume reached 665,021 shares compared to its average volume of 564,992 shares. Based on the current average volume and close price, the trading liquidity is bad, highly speculative and an investor may want to avoid this stock.

Historical Trading Performance:

Over the last five trading days, First Midwest Bancorp shares returned -5.21% and in the past 30 trading days it returned -5.57%. Over three months, it changed -18.73%. In one year it has changed -8.97% and within that year its 52-week high was 27.70 and its 52-week low was 21.25. FMBI stock is 3.67% above its 52 Week Low.

Our calculations show a 200 day moving average of 25.39 and a 50 day moving average of 24.25. Currently FMBI stock is trading -13.25% below its 200 day moving average and may not be a good opportunity to buy as it may continue to trend down.

SeekingAlpha:  Dividend Increases: November 12-23, 2018 (Part 2: Remaining Sectors)

Earnings:

The last annual fiscal EPS for the company was reported at 0.96 that ended on 31st of December 2017, which according to the previous close, that is a PE of 22.95. Based on 6 analyst estimates, the consensus EPS for the next quarter is 0.46. The TTM EPS is 1.53, which comes to a TTM PE of 14.40.

The following are the last four quarter reported earnings per share:
09-30-2018:  0.46
06-30-2018:  0.40
03-31-2018:  0.33
12-31-2017:  0.34

The dividend per share is currently 0.48, which is a dividend yield of 2.18%. Also, the payout ratio is 31.37%, therefore the dividend is safe according to our calculations.

Base on our calculations, the intrinsic value per share is 19.16, which means it may be overvalued by -14.99%

Indicators to Watch:

Based on the latest filings, there is 131.90% of institutional ownership. Short-interest is 0, which is 0.00% of shares outstanding. The short-interest ratio or days-to-cover ratio is 0.00.

The current calculated beta is 1.22

PR Newswire:  First Financial Bankshares Announces Third Quarter Earnings Results

Fundamental Indicators:

Based on last reported financials, the company’s return on equity is 6.26%, return on assets is 0.81%, profit margin is 16.88%, price-to-sales is 3.56 and price-to-book is 1.22.

Company Scores:

All scores are out of six:
 2  :Valuation Score
 1  :Past Performance Score
 6  :Financial Strength Score
 4  :Future Growth Score
 4  :Dividend Score
 3  :Overall Score

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John Jones
Worked for several Wall Street firms: Salomon Smith Barney, UBS, and Charles Schwab. Has developed skills and gained extensive experience over the years that is used today to uncover winning penny stocks.Also was an attorney for small businesses in Scottsdale, Arizona. That experience and understanding of law provides a unique perspective and edge in discovering quality companies in various industries.

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