Media coverage about Midland States Bancorp (NASDAQ:MSBI) has been trending somewhat positive on Tuesday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Midland States Bancorp earned a coverage optimism score of 0.05 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 43.6734326325698 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
MSBI stock opened at $32.09 on Tuesday. The stock has a market cap of $750.68, a price-to-earnings ratio of 16.13, a P/E/G ratio of 2.01 and a beta of 0.99. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.06 and a quick ratio of 1.05. Midland States Bancorp has a 52-week low of $28.70 and a 52-week high of $36.50.
Midland States Bancorp (NASDAQ:MSBI) last released its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.17). The company had revenue of $50.03 million for the quarter, compared to analyst estimates of $54.10 million. Midland States Bancorp had a net margin of 7.56% and a return on equity of 8.71%. analysts forecast that Midland States Bancorp will post 2.26 EPS for the current year.
A number of analysts recently commented on MSBI shares. BidaskClub lowered Midland States Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, January 25th. Zacks Investment Research lowered Midland States Bancorp from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 4th. Finally, ValuEngine lowered Midland States Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd.
In other Midland States Bancorp news, President Jeffrey G. Ludwig sold 5,216 shares of Midland States Bancorp stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $31.87, for a total transaction of $166,233.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John M. Schultz sold 2,000 shares of Midland States Bancorp stock in a transaction dated Monday, April 2nd. The shares were sold at an average price of $31.06, for a total value of $62,120.00. The disclosure for this sale can be found here. Insiders have sold a total of 20,260 shares of company stock valued at $641,731 in the last quarter. Company insiders own 9.20% of the company’s stock.
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Midland States Bancorp Company Profile
Midland States Bancorp, Inc is a diversified financial holding company. The Company’s banking subsidiary is Midland States Bank (the Bank). The Company’s principal business activity has been lending to and accepting deposits from individuals, businesses, municipalities and other entities. The Company’s segments include Banking, which provides a range of financial products and services to consumers and businesses, including loan products; commercial equipment leasing; mortgage loan sales and servicing; letters of credit; various types of deposit products, including checking, savings and time deposit accounts; merchant services, and corporate treasury management services; Commercial Federal Housing Administration (FHA) Origination and Servicing, which provides for the origination and servicing of government sponsored mortgages for multifamily and healthcare facilities, and Other, which includes the operating results of the Company and its wealth management business unit.
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