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.
COPYRIGHT VIOLATION NOTICE: This piece of content was posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this piece of content on another website, it was copied illegally and reposted in violation of U.S. and international trademark & copyright law. The correct version of this piece of content can be accessed at https://www.com-unik.info/2017/11/01/midland-states-bancorp-inc-msbi-expected-to-post-q1-2018-earnings-of-0-59-per-share.html.
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
What are top analysts saying about Midland States Bancorp Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Midland States Bancorp Inc. and related companies.