Piper Sandler (NYSE:PIPR) analyst Nathan Race maintained a Buy rating on First Midwest Bancorp (NASDAQ:FMBI) on Tuesday, setting a price target of $14, which is approximately 26.47% above the present share price of $11.07.
Race expects First Midwest Bancorp to post earnings per share (EPS) of $0.16 for the third quarter of 2020.
The current consensus among 2 TipRanks analysts is for a Moderate Buy rating of shares in First Midwest Bancorp, with an average price target of $14.
The analysts price targets range from a high of $14 to a low of $14.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $178.23 million and a net profit of $0. The company's market cap is $1.27 billion.
According to TipRanks.com, Piper Sandler analyst Nathan Race is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -9.8% and a 27.19% success rate.
First Midwest Bancorp, Inc. (Illinois) 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. The company was founded in 1982 and is headquartered in Chicago, IL.