Midland States Bancorp, Inc. (MSBI) Expected to Post Q1 2018 Earnings of $0.59 Per Share

Midland States Bancorp, Inc. (NASDAQ:MSBI) – Research analysts at DA Davidson issued their Q1 2018 EPS estimates for shares of Midland States Bancorp in a note issued to investors on Monday. DA Davidson analyst K. Reevey anticipates that the financial services provider will earn $0.59 per share for the quarter. DA Davidson also issued estimates for Midland States Bancorp’s Q2 2018 earnings at $0.59 EPS, Q3 2018 earnings at $0.62 EPS, Q4 2018 earnings at $0.65 EPS, FY2018 earnings at $2.44 EPS and FY2019 earnings at $3.02 EPS.

MSBI has been the subject of a number of other research reports. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $42.00 price objective on shares of Midland States Bancorp in a research note on Thursday, October 19th. Zacks Investment Research cut Midland States Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, October 20th.

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Shares of Midland States Bancorp (NASDAQ:MSBI) traded down 0.46% during trading on Tuesday, reaching $32.30. 68,939 shares of the company traded hands. The company has a market capitalization of $616.77 million, a price-to-earnings ratio of 16.81 and a beta of 2.37. The stock’s 50 day moving average is $32.82 and its 200 day moving average is $32.99. Midland States Bancorp has a 1-year low of $24.70 and a 1-year high of $37.58.

Midland States Bancorp (NASDAQ:MSBI) last issued its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.49 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.09). Midland States Bancorp had a return on equity of 10.77% and a net margin of 11.90%. The business had revenue of $52.17 million during the quarter, compared to analyst estimates of $55.20 million.

In other Midland States Bancorp news, Director John M. Schultz sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $31.76, for a total value of $63,520.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders acquired 1,455 shares of company stock valued at $44,107. 14.90% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. FMR LLC lifted its stake in Midland States Bancorp by 20.7% in the second quarter. FMR LLC now owns 843,862 shares of the financial services provider’s stock valued at $28,286,000 after buying an additional 144,544 shares during the last quarter. Jacobs Asset Management LLC lifted its stake in Midland States Bancorp by 30.1% in the second quarter. Jacobs Asset Management LLC now owns 494,512 shares of the financial services provider’s stock valued at $16,576,000 after buying an additional 114,512 shares during the last quarter. Vanguard Group Inc. lifted its stake in Midland States Bancorp by 41.0% in the second quarter. Vanguard Group Inc. now owns 461,065 shares of the financial services provider’s stock valued at $15,455,000 after buying an additional 134,176 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Midland States Bancorp by 6.0% in the second quarter. Bank of New York Mellon Corp now owns 450,846 shares of the financial services provider’s stock valued at $15,112,000 after buying an additional 25,656 shares during the last quarter. Finally, Capital Z Partners Management LLC purchased a new stake in Midland States Bancorp in the second quarter valued at approximately $13,138,000. Institutional investors own 46.67% of the company’s stock.

Midland States Bancorp Company Profile

Earnings History and Estimates for Midland States Bancorp (NASDAQ:MSBI)

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