Midland States Bancorp (NASDAQ:MSBI) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

Other equities analysts have also issued research reports about the stock. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $42.00 price target on shares of Midland States Bancorp in a report on Thursday, October 19th. Zacks Investment Research lowered shares of Midland States Bancorp from a “hold” rating to a “sell” rating in a report on Friday, October 20th.

Midland States Bancorp (NASDAQ:MSBI) traded down $0.32 on Thursday, reaching $32.29. 35,682 shares of the company’s stock were exchanged, compared to its average volume of 68,507. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 1.32. Midland States Bancorp has a 12-month low of $28.70 and a 12-month high of $37.58. The firm has a market cap of $639.81, a price-to-earnings ratio of 14.63, a PEG ratio of 2.81 and a beta of 2.17.

Midland States Bancorp (NASDAQ:MSBI) last released its earnings results on Thursday, October 26th. The financial services provider reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.09). Midland States Bancorp had a return on equity of 10.22% and a net margin of 11.90%. The business had revenue of $52.17 million for the quarter, compared to analyst estimates of $55.20 million. equities analysts forecast that Midland States Bancorp will post 1.71 earnings per share for the current fiscal year.

In other Midland States Bancorp news, Director John M. Schultz sold 2,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $32.22, for a total transaction of $64,440.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders sold a total of 8,000 shares of company stock worth $256,100 over the last ninety days. 14.90% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the business. Meeder Asset Management Inc. lifted its position in 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 buying an additional 2,326 shares in the last quarter. Legal & General Group Plc increased 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 purchasing an additional 3,363 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Midland States Bancorp during the 3rd quarter worth about $184,000. Susquehanna International Group LLP acquired a new position in shares of Midland States Bancorp during the 2nd quarter worth about $209,000. Finally, Blair William & Co. IL increased 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 purchasing an additional 60 shares during the last quarter. 45.99% of the stock is currently owned by hedge funds and other institutional investors.

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Midland States Bancorp Company Profile

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