First Midwest Stock Hits New 52-Week Low (FMBI)

NEW YORK ( TheStreet) -- First Midwest Bancorp Inc (Nasdaq: FMBI) hit a new 52-week low Thursday as it is currently trading at $8.49, below its previous 52-week low of $8.80 with 124,886 shares traded as of 10:01 a.m. ET. Average volume has been 457,200 shares over the past 30 days.

First Midwest has a market cap of $666.5 million and is part of the financial sector and banking industry. Shares are down 22% year to date as of the close of trading on Wednesday.

First Midwest Bancorp, Inc. operates as the holding company for First Midwest Bank, which provides various commercial and retail banking services to consumer, commercial and industrial, and public or governmental customers in Illinois.
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TheStreet Ratings rates First Midwest as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full First Midwest Ratings Report.

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