Breaking News

Over a week ago
Show Full Stories

X

To view all stories in expanded form, please subscribe.
Send Info
Conference/Events
Stephens to hold a virtual field trip » 09:20
05/06/21
05/06
09:20
05/06/21
09:20
ASB

Associated Banc-Corp

$22.81 /

-0.015 (-0.07%)

, BUSE

First Busey

$25.18 /

-0.11 (-0.43%)

, FMBI

First Midwest

$21.17 /

+0.075 (+0.36%)

, HBAN

Huntington Bancshares

$15.55 /

+0.07 (+0.45%)

, WTFC

Wintrust Financial

$78.61 /

+0.8 (+1.03%)

Virtual Chicago Bank…

Virtual Chicago Bank Field Trip will be held on May 6.

ShowHide Related Items >><<
WTFC Wintrust Financial
$78.61 /

+0.8 (+1.03%)

HBAN Huntington Bancshares
$15.55 /

+0.07 (+0.45%)

BUSE First Busey
$25.18 /

-0.11 (-0.43%)

ASB Associated Banc-Corp
$22.81 /

-0.015 (-0.07%)

ASB Associated Banc-Corp
$22.81 /

-0.015 (-0.07%)

01/07/21 BofA
Associated Banc-Corp upgraded to Neutral from Underperform at BofA
10/08/20 Wells Fargo
Associated Banc-Corp upgraded to Overweight from Equal Weight at Wells Fargo
07/09/20 Jefferies
Associated Banc-Corp downgraded to Hold from Buy at Jefferies
BUSE First Busey
$25.18 /

-0.11 (-0.43%)

03/17/21 B. Riley
First Busey price target raised to $29 from $26 at B. Riley Securities
01/07/21 B. Riley
First Busey price target raised to $26 from $24 at B. Riley Securities
12/04/20 B. Riley
First Busey price target raised to $24 from $20 at B. Riley Securities
FMBI First Midwest
$21.17 /

+0.075 (+0.36%)

02/10/21 Stephens
Stephens upgrades two, downgrades one in Midwest Bank rating reshuffle
02/10/21 Stephens
First Midwest downgraded to Equal Weight from Overweight at Stephens
11/10/20 Janney Montgomery Scott
First Midwest downgraded to Neutral from Buy at Janney Montgomery Scott
10/26/20 Raymond James
First Midwest upgraded to Outperform from Market Perform at Raymond James
HBAN Huntington Bancshares
$15.55 /

+0.07 (+0.45%)

04/07/21 Barclays
Huntington Bancshares price target raised to $17 from $15 at Barclays
04/01/21 Deutsche Bank
Huntington Bancshares price target raised to $16 from $14 at Deutsche Bank
03/30/21 Stephens
Huntington Bancshares price target raised to $17.50 from $14 at Stephens
01/25/21 Baird
Huntington Bancshares weakness buying opportunity, says Baird
WTFC Wintrust Financial
$78.61 /

+0.8 (+1.03%)

04/09/21 Jefferies
Wintrust Financial price target raised to $85 from $75 at Jefferies
03/16/21 Raymond James
Wintrust Financial price target raised to $96 from $78 at Raymond James
02/01/21 Janney Montgomery Scott
Janney Montgomery Scott upgrades Wintrust to Buy, says pullback 'overdone'
02/01/21 Janney Montgomery Scott
Wintrust Financial upgraded to Buy from Neutral at Janney Montgomery Scott
WTFC Wintrust Financial
$78.61 /

+0.8 (+1.03%)

HBAN Huntington Bancshares
$15.55 /

+0.07 (+0.45%)

FMBI First Midwest
$21.17 /

+0.075 (+0.36%)

BUSE First Busey
$25.18 /

-0.11 (-0.43%)

ASB Associated Banc-Corp
$22.81 /

-0.015 (-0.07%)

WTFC Wintrust Financial
$78.61 /

+0.8 (+1.03%)

HBAN Huntington Bancshares
$15.55 /

+0.07 (+0.45%)

WTFC Wintrust Financial
$78.61 /

+0.8 (+1.03%)

HBAN Huntington Bancshares
$15.55 /

+0.07 (+0.45%)

Earnings
First Midwest Bancorp reports Q1 adjusted EPS 37c, consensus 37c » 17:36
04/20/21
04/20
17:36
04/20/21
17:36
FMBI

First Midwest

$20.88 /

-0.91 (-4.18%)

"We had a solid…

"We had a solid start to the year as our overall performance improved as the economic recovery gains traction," said Michael L. Scudder, Chairman of the Board and Chief Executive Officer of the Company. "Operating performance for the quarter once again benefited from strong production from our fee-based businesses and continued focus on managing our costs. As expected, quarterly comparisons were affected by both normal seasonality and the impact of federal stimulus programs on both client liquidity and transactional volumes. Importantly, our underlying business momentum is strengthening as both production volumes and sales pipelines normalize and improve."

ShowHide Related Items >><<
FMBI First Midwest
$20.88 /

-0.91 (-4.18%)

02/10/21 Stephens
Stephens upgrades two, downgrades one in Midwest Bank rating reshuffle
02/10/21 Stephens
First Midwest downgraded to Equal Weight from Overweight at Stephens
11/10/20 Janney Montgomery Scott
First Midwest downgraded to Neutral from Buy at Janney Montgomery Scott
10/26/20 Raymond James
First Midwest upgraded to Outperform from Market Perform at Raymond James
FMBI First Midwest
$20.88 /

-0.91 (-4.18%)

Over a quarter ago
Recommendations
Stephens upgrades two, downgrades one in Midwest Bank rating reshuffle » 06:48
02/10/21
02/10
06:48
02/10/21
06:48
MSBI

Midland States

$21.54 /

+0.16 (+0.75%)

, ICBK

County Bancorp

$22.39 /

+0.16 (+0.72%)

, FMBI

First Midwest

$18.42 /

+0.38 (+2.11%)

As previously reported,…

As previously reported, Stephens analyst Terry McEvoy upgraded Midland States (MSBI) to Overweight from Equal Weight with a $28 price target, upgraded County Bancorp (ICBK) to Overweight from Equal Weight with a $26 price target, and downgraded First Midwest (FMBI) to Equal Weight from Overweight with a $19 price target as he reshuffled his ratings in his Midwest Bank coverage following the Q4 results from the group. Midland States made several strategic actions in 2020 to better position it for more consistent returns, said McEvoy, who also argues that the recent boost in its quarterly dividend speaks to the health of the balance sheet. The improved outlook for the U.S. dairy industry is important to County given the direct and indirect exposure to the sector, said McEvoy, who sees "no reason why shares can't trade to tangible book value over the next 12 months." Meanwhile, he sees shares of First Midwest being fairly valued after the roughly 50% move higher over the last three months, McEvoy tells investors.

ShowHide Related Items >><<
MSBI Midland States
$21.54 /

+0.16 (+0.75%)

ICBK County Bancorp
$22.39 /

+0.16 (+0.72%)

FMBI First Midwest
$18.42 /

+0.38 (+2.11%)

MSBI Midland States
$21.54 /

+0.16 (+0.75%)

02/10/21 Stephens
Midland States upgraded to Overweight from Equal Weight at Stephens
07/13/20 Piper Sandler
Midland States downgraded to Neutral from Overweight at Piper Sandler
04/09/20 Stephens
Stephens cuts Midland States to Equal Weight, prefers 'wait-and-see approach'
04/09/20 Stephens
Midland States downgraded to Equal Weight from Overweight at Stephens
ICBK County Bancorp
$22.39 /

+0.16 (+0.72%)

02/10/21 Stephens
County Bancorp upgraded to Overweight from Equal Weight at Stephens
FMBI First Midwest
$18.42 /

+0.38 (+2.11%)

02/10/21 Stephens
First Midwest downgraded to Equal Weight from Overweight at Stephens
11/10/20 Janney Montgomery Scott
First Midwest downgraded to Neutral from Buy at Janney Montgomery Scott
10/26/20 Raymond James
First Midwest upgraded to Outperform from Market Perform at Raymond James
10/26/20 Raymond James
First Midwest upgraded to Outperform from Market Perform at Raymond James
MSBI Midland States
$21.54 /

+0.16 (+0.75%)

ICBK County Bancorp
$22.39 /

+0.16 (+0.72%)

FMBI First Midwest
$18.42 /

+0.38 (+2.11%)

Downgrade
First Midwest downgraded to Equal Weight from Overweight at Stephens » 06:26
02/10/21
02/10
06:26
02/10/21
06:26
FMBI

First Midwest

$18.42 /

+0.38 (+2.11%)

Stephens analyst Terry…

Stephens analyst Terry McEvoy downgraded First Midwest to Equal Weight from Overweight with a $19 price target.

ShowHide Related Items >><<
FMBI First Midwest
$18.42 /

+0.38 (+2.11%)

FMBI First Midwest
$18.42 /

+0.38 (+2.11%)

11/10/20 Janney Montgomery Scott
First Midwest downgraded to Neutral from Buy at Janney Montgomery Scott
10/26/20 Raymond James
First Midwest upgraded to Outperform from Market Perform at Raymond James
10/26/20 Raymond James
First Midwest upgraded to Outperform from Market Perform at Raymond James
03/06/20 Truist
First Midwest downgraded to Hold from Buy at SunTrust
FMBI First Midwest
$18.42 /

+0.38 (+2.11%)

Earnings
First Midwest reports Q4 EPS 33c, consensus 27c » 18:03
01/26/21
01/26
18:03
01/26/21
18:03
FMBI

First Midwest

$17.38 /

-0.49 (-2.74%)

Reports Q4 provision for…

Reports Q4 provision for loan losses $10.507M, compared to $15.927 in the previous quarter. "The best of First Midwest has been on display in what has been an unprecedented and turbulent period for our country," said Michael L. Scudder, Chairman of the Board and CEO. "While the year's financial performance was impacted by the severe economic conditions caused by both the rapid onset and the magnitude of the pandemic, I am extremely proud of our 2,100 colleagues, who represent First Midwest each day. Amid the demands of a global health crisis, they were able to be agile, resilient and successfully pivot within our dramatically changed operating environment, working tirelessly to help support our clients, communities, and each other."

ShowHide Related Items >><<
FMBI First Midwest
$17.38 /

-0.49 (-2.74%)

FMBI First Midwest
$17.38 /

-0.49 (-2.74%)

11/10/20 Janney Montgomery Scott
First Midwest downgraded to Neutral from Buy at Janney Montgomery Scott
10/26/20 Raymond James
First Midwest upgraded to Outperform from Market Perform at Raymond James
10/26/20 Raymond James
First Midwest upgraded to Outperform from Market Perform at Raymond James
03/06/20 Truist
First Midwest downgraded to Hold from Buy at SunTrust
FMBI First Midwest
$17.38 /

-0.49 (-2.74%)

Downgrade
First Midwest downgraded to Neutral from Buy at Janney Montgomery Scott » 07:44
11/10/20
11/10
07:44
11/10/20
07:44
FMBI

First Midwest

$14.02 /

+1.96 (+16.25%)

Janney Montgomery Scott…

Janney Montgomery Scott analyst John Rodis downgraded First Midwest to Neutral from Buy.

ShowHide Related Items >><<
FMBI First Midwest
$14.02 /

+1.96 (+16.25%)

FMBI First Midwest
$14.02 /

+1.96 (+16.25%)

10/26/20 Raymond James
First Midwest upgraded to Outperform from Market Perform at Raymond James
10/26/20 Raymond James
First Midwest upgraded to Outperform from Market Perform at Raymond James
03/06/20 Truist
First Midwest downgraded to Hold from Buy at SunTrust
FMBI First Midwest
$14.02 /

+1.96 (+16.25%)

Upgrade
First Midwest upgraded to Outperform from Market Perform at Raymond James » 08:34
10/26/20
10/26
08:34
10/26/20
08:34
FMBI

First Midwest

$12.59 /

+ (+0.00%)

Raymond James analyst…

Raymond James analyst Daniel Tamayo upgraded First Midwest to Outperform from Market Perform with a $15 price target following the company's Q3 earnings report. Tamayo says that while the NIM missed projections, the analyst looks for stable to increasing levels going forward, where the bank's strong core deposit base will provide upside if there is a steeper yield curve or higher rates, driving a return to strong profitability metrics.

ShowHide Related Items >><<
FMBI First Midwest
$12.59 /

+ (+0.00%)

FMBI First Midwest
$12.59 /

+ (+0.00%)

10/26/20 Raymond James
First Midwest upgraded to Outperform from Market Perform at Raymond James
03/06/20 Truist
First Midwest downgraded to Hold from Buy at SunTrust
FMBI First Midwest
$12.59 /

+ (+0.00%)

Upgrade
First Midwest upgraded to Outperform from Market Perform at Raymond James » 04:56
10/26/20
10/26
04:56
10/26/20
04:56
FMBI

First Midwest

$12.59 /

+ (+0.00%)

Raymond James analyst…

Raymond James analyst Daniel Tamayo upgraded First Midwest Bancorp to Outperform from Market Perform with a $15 price target.

ShowHide Related Items >><<
FMBI First Midwest
$12.59 /

+ (+0.00%)

FMBI First Midwest
$12.59 /

+ (+0.00%)

03/06/20 Truist
First Midwest downgraded to Hold from Buy at SunTrust
FMBI First Midwest
$12.59 /

+ (+0.00%)

Earnings
First Midwest reports Q3 adjusted EPS 33c, consensus 22c  17:36
10/20/20
10/20
17:36
10/20/20
17:36
FMBI

First Midwest

$12.11 /

+0.26 (+2.19%)

 
ShowHide Related Items >><<
FMBI First Midwest
$12.11 /

+0.26 (+2.19%)

FMBI First Midwest
$12.11 /

+0.26 (+2.19%)

03/06/20 Truist
First Midwest downgraded to Hold from Buy at SunTrust
FMBI First Midwest
$12.11 /

+0.26 (+2.19%)

Earnings
First Midwest reports Q3 EPS 21c, consensus 22c » 17:31
10/20/20
10/20
17:31
10/20/20
17:31
FMBI

First Midwest

$12.11 /

+0.26 (+2.19%)

Produced net interest…

Produced net interest income of $143M at a net margin of 2.95%, down 18 basis points from the prior quarter, reflective of lower interest rates and the full quarter impact of Paycheck Protection Program loans.

ShowHide Related Items >><<
FMBI First Midwest
$12.11 /

+0.26 (+2.19%)

FMBI First Midwest
$12.11 /

+0.26 (+2.19%)

03/06/20 Truist
First Midwest downgraded to Hold from Buy at SunTrust
FMBI First Midwest
$12.11 /

+0.26 (+2.19%)

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.