First Midwest Stock To Go Ex-dividend Tomorrow (FMBI)

NEW YORK ( TheStreet) -- The ex-dividend date for First Midwest Bancorp (Nasdaq: FMBI) is tomorrow, June 27, 2012. Owners of shares as of market close today will be eligible for a dividend of one cent per share. At a price of $10.30 as of 10:05 a.m. ET, the dividend yield is 0.4%.

The average volume for First Midwest has been 483,500 shares per day over the past 30 days. First Midwest has a market cap of $788.7 million and is part of the financial sector and banking industry. Shares are up 3.9% year to date as of the close of trading on Monday.

First Midwest Bancorp, Inc. operates as the holding company for First Midwest Bank, which provides various commercial and retail banking services to individual, business, institutional, and governmental customers. It primarily engages in generating deposits and originating loans. The company has a P/E ratio of 29.2, equal to the average banking industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates First Midwest as a hold. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and unimpressive growth in net income. You can view the full First Midwest Ratings Report.

See our dividend calendar or top-yielding stocks list.
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