BidaskClub upgraded shares of Midland States Bancorp (NASDAQ:MSBI) from a sell rating to a hold rating in a research note released on Thursday morning.
MSBI has been the subject of a number of other research reports. Keefe, Bruyette & Woods reaffirmed a buy rating and issued a $42.00 price target on shares of Midland States Bancorp in a research report on Thursday, October 19th. Zacks Investment Research cut Midland States Bancorp from a hold rating to a sell rating in a research report on Friday, October 20th.
Shares of Midland States Bancorp (NASDAQ MSBI) traded down $0.47 during trading hours on Thursday, hitting $31.82. The company’s stock had a trading volume of 32,627 shares, compared to its average volume of 50,702. Midland States Bancorp has a 12 month low of $28.70 and a 12 month high of $37.58. The firm has a market capitalization of $607.73, a PE ratio of 13.90, a P/E/G ratio of 2.67 and a beta of 2.17. 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 (NASDAQ:MSBI) last announced its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.49 earnings per share 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 company had revenue of $52.17 million during 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.
The business also recently declared a quarterly dividend, which was paid on Friday, November 24th. Shareholders of record on Friday, November 17th were given a $0.20 dividend. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.51%. Midland States Bancorp’s dividend payout ratio is currently 51.95%.
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 stock was sold at an average price of $32.22, for a total value of $64,440.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders sold 8,000 shares of company stock valued at $256,100 in the last ninety days. Insiders own 14.90% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Meeder Asset Management Inc. increased its stake in shares of Midland States Bancorp by 279.6% in the third quarter. Meeder Asset Management Inc. now owns 3,158 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 2,326 shares during the period. Legal & General Group Plc increased its stake in shares of Midland States Bancorp by 581.8% in the second 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 period. SG Americas Securities LLC bought a new position in shares of Midland States Bancorp in the third quarter worth about $184,000. Susquehanna International Group LLP bought a new position in shares of Midland States Bancorp in the second quarter worth about $209,000. Finally, Blair William & Co. IL increased its stake in shares of Midland States Bancorp by 0.9% in the second 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 period. Institutional investors and hedge funds own 45.99% of the company’s stock.
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Midland States Bancorp Company Profile
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