Midland States Bancorp, Inc. (NASDAQ:MSBI – Get Free Report) SVP Douglas J. Tucker sold 3,577 shares of Midland States Bancorp stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $24.00, for a total transaction of $85,848.00. Following the transaction, the senior vice president now directly owns 32,871 shares of the company’s stock, valued at $788,904. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Midland States Bancorp Price Performance
Shares of MSBI stock opened at $23.49 on Wednesday. The company’s 50-day simple moving average is $23.92 and its two-hundred day simple moving average is $24.53. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.96 and a quick ratio of 0.96. Midland States Bancorp, Inc. has a one year low of $18.54 and a one year high of $28.47. The company has a market capitalization of $513.26 million, a P/E ratio of 7.99 and a beta of 0.79.
Midland States Bancorp (NASDAQ:MSBI – Get Free Report) last released its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.53 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.18). Midland States Bancorp had a return on equity of 11.56% and a net margin of 15.17%. The firm had revenue of $122.86 million for the quarter, compared to analysts’ expectations of $75.05 million. During the same quarter in the previous year, the business earned $0.88 earnings per share. As a group, equities analysts anticipate that Midland States Bancorp, Inc. will post 2.76 EPS for the current year.
Institutional Trading of Midland States Bancorp
Wall Street Analysts Forecast Growth
MSBI has been the subject of several analyst reports. Keefe, Bruyette & Woods lowered their target price on shares of Midland States Bancorp from $28.00 to $26.00 and set a “market perform” rating for the company in a report on Tuesday, April 30th. Stephens reduced their price target on Midland States Bancorp from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 30th. Finally, Piper Sandler dropped their price objective on Midland States Bancorp from $26.00 to $24.50 and set a “neutral” rating for the company in a report on Tuesday, April 30th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $25.63.
Check Out Our Latest Stock Analysis on Midland States Bancorp
Midland States Bancorp Company Profile
Midland States Bancorp, Inc operates as a financial holding company for Midland States Bank that provides various banking products and services to individuals, businesses, municipalities, and other entities. It operates through Banking, Wealth Management, and Other segments. The company provides a range of financial products and services to consumers and businesses, including commercial loans to finance agricultural equipment and production; and commercial real estate loans for owner occupied offices, warehouses and production facilities, office buildings, hotels, mixed-use residential and commercial facilities, retail centers, multifamily properties, and assisted living facilities.
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