Midland States Bancorp Inc (NASDAQ:MSBI) – DA Davidson lowered their Q4 2018 earnings estimates for Midland States Bancorp in a report issued on Wednesday, January 9th. DA Davidson analyst K. Reevey now forecasts that the financial services provider will post earnings of $0.64 per share for the quarter, down from their previous estimate of $0.69. DA Davidson also issued estimates for Midland States Bancorp’s Q1 2019 earnings at $0.67 EPS, Q2 2019 earnings at $0.68 EPS, Q3 2019 earnings at $0.73 EPS, Q4 2019 earnings at $0.74 EPS, FY2019 earnings at $2.82 EPS and FY2020 earnings at $3.04 EPS.

Midland States Bancorp (NASDAQ:MSBI) last announced its quarterly earnings data on Friday, October 26th. The financial services provider reported $0.64 EPS for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.03. Midland States Bancorp had a return on equity of 9.01% and a net margin of 9.27%. The business had revenue of $63.35 million during the quarter, compared to the consensus estimate of $66.90 million.

Several other equities research analysts have also recently weighed in on MSBI. BidaskClub cut Midland States Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, September 26th. ValuEngine cut Midland States Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, October 12th. Zacks Investment Research cut Midland States Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, September 27th. Finally, Stephens restated a “buy” rating and set a $27.00 target price on shares of Midland States Bancorp in a research note on Wednesday, December 19th.

Shares of Midland States Bancorp stock opened at $23.18 on Friday. Midland States Bancorp has a one year low of $19.56 and a one year high of $36.06. The stock has a market cap of $550.90 million, a PE ratio of 11.65, a P/E/G ratio of 1.19 and a beta of 1.38. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.03 and a quick ratio of 1.03.

Hedge funds and other institutional investors have recently modified their holdings of the business. Zebra Capital Management LLC purchased a new stake in Midland States Bancorp in the second quarter valued at approximately $235,000. Metropolitan Life Insurance Co. NY lifted its stake in Midland States Bancorp by 32.1% in the second quarter. Metropolitan Life Insurance Co. NY now owns 7,086 shares of the financial services provider’s stock valued at $243,000 after buying an additional 1,723 shares during the last quarter. MetLife Investment Advisors LLC lifted its stake in Midland States Bancorp by 33.4% in the second quarter. MetLife Investment Advisors LLC now owns 10,034 shares of the financial services provider’s stock valued at $344,000 after buying an additional 2,513 shares during the last quarter. Associated Banc Corp purchased a new stake in Midland States Bancorp in the third quarter valued at approximately $331,000. Finally, Credit Suisse AG lifted its stake in Midland States Bancorp by 24.1% in the third quarter. Credit Suisse AG now owns 15,092 shares of the financial services provider’s stock valued at $484,000 after buying an additional 2,931 shares during the last quarter. Institutional investors own 44.97% of the company’s stock.

In other Midland States Bancorp news, CEO Leon J. Holschbach sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 20th. The stock was sold at an average price of $25.43, for a total value of $50,860.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director R. Robert Funderburg, Jr. sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, January 7th. The shares were sold at an average price of $23.09, for a total value of $346,350.00. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 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.

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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