Analysts Expect Midland States Bancorp Inc (MSBI) to Post $0.69 Earnings Per Share

Shares of Midland States Bancorp Inc (NASDAQ:MSBI) have been given an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.

Brokerages have set a 12-month consensus price objective of $30.50 for the company and are forecasting that the company will post $0.69 EPS for the current quarter, according to Zacks. Zacks has also assigned Midland States Bancorp an industry rank of 155 out of 256 based on the ratings given to related companies.

Several research analysts have issued reports on MSBI shares. Zacks Investment Research lowered Midland States Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, January 1st. ValuEngine lowered Midland States Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, October 12th. BidaskClub lowered Midland States Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, September 26th. Finally, Stephens restated a “buy” rating and set a $27.00 target price on shares of Midland States Bancorp in a research report on Wednesday, December 19th.

In related news, Director Jeffrey M. Mcdonnell purchased 4,395 shares of the firm’s stock in a transaction dated Friday, December 14th. The stock was purchased at an average price of $22.75 per share, with a total value of $99,986.25. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director R. Robert Funderburg, Jr. sold 14,586 shares of Midland States Bancorp stock in a transaction that occurred on Wednesday, January 2nd. The shares were sold at an average price of $22.61, for a total transaction of $329,789.46. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 5,428 shares of company stock valued at $123,553 and have sold 49,586 shares valued at $1,197,499. 9.20% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of MSBI. BlackRock Inc. raised its stake in shares of Midland States Bancorp by 30.1% during the second quarter. BlackRock Inc. now owns 1,334,886 shares of the financial services provider’s stock valued at $45,733,000 after acquiring an additional 308,568 shares in the last quarter. FMR LLC raised its stake in shares of Midland States Bancorp by 25.2% during the second quarter. FMR LLC now owns 1,060,253 shares of the financial services provider’s stock valued at $36,324,000 after acquiring an additional 213,320 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Midland States Bancorp by 51.4% during the second quarter. Dimensional Fund Advisors LP now owns 343,521 shares of the financial services provider’s stock valued at $11,769,000 after acquiring an additional 116,594 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Midland States Bancorp by 60.4% during the second quarter. Wells Fargo & Company MN now owns 219,882 shares of the financial services provider’s stock valued at $7,533,000 after acquiring an additional 82,798 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Midland States Bancorp by 42.4% during the second quarter. Northern Trust Corp now owns 230,361 shares of the financial services provider’s stock valued at $7,892,000 after acquiring an additional 68,578 shares in the last quarter. 44.97% of the stock is owned by hedge funds and other institutional investors.

MSBI opened at $23.24 on Thursday. The stock has a market capitalization of $542.60 million, a P/E ratio of 11.68, a P/E/G ratio of 1.17 and a beta of 1.38. Midland States Bancorp has a 12 month low of $19.56 and a 12 month high of $36.06. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.34.

Midland States Bancorp (NASDAQ:MSBI) last released its quarterly earnings results on Friday, October 26th. The financial services provider reported $0.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.03. The company had revenue of $63.35 million during the quarter, compared to analyst estimates of $66.90 million. Midland States Bancorp had a return on equity of 9.01% and a net margin of 9.27%. Analysts anticipate that Midland States Bancorp will post 2.45 earnings per share for the current year.

Midland States Bancorp Company Profile

Midland States Bancorp, Inc operates as a financial holding company for Midland States Bank that provides banking and financial products and services to individuals, businesses, municipalities, and other entities. The company's deposit products include checking, savings, money market, and sweep accounts, as well as certificates of deposits, noninterest-bearing and interest-bearing demand deposits, and time deposits.

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