Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Midland States Bancorp (MSBI) Share Price

Headlines about Midland States Bancorp (NASDAQ:MSBI) have trended somewhat positive on Saturday, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Midland States Bancorp earned a media sentiment score of 0.03 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 47.4615625297339 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

These are some of the media headlines that may have effected Accern’s scoring:

A number of equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $42.00 target price 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.

Shares of Midland States Bancorp (MSBI) traded down $0.09 on Friday, hitting $30.65. 38,500 shares of the company were exchanged, compared to its average volume of 69,706. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.01 and a quick ratio of 1.00. Midland States Bancorp has a 12-month low of $26.08 and a 12-month high of $37.58. The stock has a market capitalization of $587.10, a price-to-earnings ratio of 13.42, a P/E/G ratio of 2.58 and a beta of 2.30.

Midland States Bancorp (NASDAQ:MSBI) last announced its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.09). Midland States Bancorp had a net margin of 11.90% and a return on equity of 10.77%. The firm had revenue of $52.17 million during the quarter, compared to analysts’ expectations of $55.20 million. equities analysts anticipate that Midland States Bancorp will post 1.71 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Investors of record on Friday, November 17th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date of this dividend is Thursday, November 16th. Midland States Bancorp’s dividend payout ratio is currently 51.95%.

In related news, Director John M. Schultz sold 2,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $31.76, for a total value of $63,520.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold 6,000 shares of company stock valued at $189,320 in the last three months. 14.90% of the stock is currently owned by insiders.

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About Midland States Bancorp

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