NEW YORK ( TheStreet) -- The ex-dividend date for First Midwest Bancorp (Nasdaq: FMBI) is tomorrow, March 23, 2011. Owners of shares as of market close today will be eligible for a dividend of one cent per share. At a price of $11.49 as of 9:32 a.m. ET, the dividend yield is 0.3%.

The average volume for First Midwest has been 691,300 shares per day over the past 30 days. First Midwest has a market cap of $852.8 million and is part of the financial sector and banking industry. Shares are down 0.5% year to date as of the close of trading on Monday.

First Midwest Bancorp, Inc. operates as the bank holding company for First Midwest Bank, which provides various commercial and retail banking, and financial services. It primarily engages in generating deposits and originating loans.
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TheStreet Ratings rates First Midwest as hold. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including poor profit margins and a generally disappointing performance in the stock itself. You can view the full First Midwest Ratings Report.

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