Midland States Bancorp (MSBI) Rating Increased to Hold at BidaskClub
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.
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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