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Friday, March 5, 2021

Analysts Have Noticed An Increase In The Short Interest Of FMBI

Most analysts have noticed an increase in the short interest of the stocks of FMBI for the previous month. The report on 31st of December noticed a total short interest of around 2,930,000 shares- which is technically a 15.4% increase. If the previous trading volume of about 655,600 shares is considered, the ratio of short-interest is going to be in 4.5 days. 

The Quarterly Earnings of FMBI

There have been quite a few research equities that have commented on the stocks of FMBI. TheStreet has already increased the stocks of the company from a rating of c+ to a rating of b-. 

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Zacks Investment Research has gone the other way with a decrease in the stocks from a rating of buy to hold, which was then published in a 22nd December research report. Piper Sandler has also gone the same route with a price target that has been decreased from $16 to $14, along with a rating of overweight on the stocks of the company. Raymond James has increased the rating of First Midwest Bancorp to outperform. 

Three of the investment analysts working on the firm have given the stocks a rating of hold, while two of them have given it a rating of buy. Currently, the consensus rating for FMBI has been set at hold, with a $14.30 price target.

The stocks of FMBI traded on Wednesday at $18.37. The market cap of the firm has been set at $2.10 billion, with a 1.27 beta, and a PE ratio set at 18.01. The company also has a 1.00 quick ratio, with a year low of $10.31, and a year high set at $22.28. 

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