Midland States Bancorp, Inc. (MSBI) Stock Rating Reaffirmed by Keefe, Bruyette & Woods
Midland States Bancorp, Inc. (NASDAQ:MSBI)‘s stock had its “buy” rating reissued by stock analysts at Keefe, Bruyette & Woods in a report issued on Thursday. They presently have a $42.00 target price on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 17.48% from the company’s previous close.
Separately, Zacks Investment Research raised shares of Midland States Bancorp from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 4th.
Shares of Midland States Bancorp (NASDAQ:MSBI) traded up 0.14% during trading on Thursday, reaching $35.75. The company had a trading volume of 80,134 shares. The stock has a market capitalization of $682.65 million, a price-to-earnings ratio of 18.24 and a beta of 2.37. Midland States Bancorp has a 1-year low of $24.70 and a 1-year high of $37.58. The company’s 50 day moving average is $32.11 and its 200-day moving average is $32.91.
Midland States Bancorp (NASDAQ:MSBI) last posted its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.51 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.07). Midland States Bancorp had a net margin of 15.60% and a return on equity of 10.65%. The business had revenue of $43.02 million during the quarter, compared to analysts’ expectations of $45.60 million. On average, equities research analysts anticipate that Midland States Bancorp will post $1.90 earnings per share for the current year.
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In other news, Director John M. Schultz sold 2,000 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $31.76, for a total transaction of $63,520.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders have bought 1,455 shares of company stock worth $44,107 and have sold 6,000 shares worth $188,400. Corporate insiders own 14.90% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Meeder Asset Management Inc. boosted its stake in shares of Midland States Bancorp by 279.6% during the 3rd quarter. Meeder Asset Management Inc. now owns 3,158 shares of the financial services provider’s stock worth $100,000 after acquiring an additional 2,326 shares in the last quarter. Globeflex Capital L P purchased a new stake in shares of Midland States Bancorp during the 1st quarter worth about $107,000. Legal & General Group Plc boosted its stake in shares of Midland States Bancorp by 581.8% during the 2nd quarter. Legal & General Group Plc now owns 3,941 shares of the financial services provider’s stock worth $132,000 after acquiring an additional 3,363 shares in the last quarter. Susquehanna International Group LLP purchased a new stake in shares of Midland States Bancorp during the 2nd quarter worth about $209,000. Finally, Blair William & Co. IL boosted its stake in shares of Midland States Bancorp by 0.9% during the 2nd quarter. Blair William & Co. IL now owns 6,629 shares of the financial services provider’s stock worth $222,000 after acquiring an additional 60 shares in the last quarter. 46.55% of the stock is currently owned by institutional investors and hedge funds.
Midland States Bancorp Company Profile
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