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NEW YORK ( TheStreet) -- First Midwest Bancorp Inc (Nasdaq: FMBI) hit a new 52-week low Tuesday as it is currently trading at $7.63, below its previous 52-week low of $7.64 with 12,205 shares traded as of 9:35 a.m. ET. Average volume has been 503,500 shares over the past 30 days. First Midwest has a market cap of $584.6 million and is part of the financial sector and banking industry. Shares are down 31.9% year to date as of the close of trading on Friday. 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.