Midland States Bancorp (NASDAQ:MSBI) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Saturday, BidAskClub reports.

A number of other research firms also recently commented on MSBI. Zacks Investment Research downgraded Midland States Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, April 10th. Stephens reaffirmed a “buy” rating and set a $27.00 target price on shares of Midland States Bancorp in a research report on Wednesday, December 19th. Finally, ValuEngine cut Midland States Bancorp from a “sell” rating to a “strong sell” rating in a research report on Monday, April 1st.

NASDAQ:MSBI opened at $26.60 on Friday. Midland States Bancorp has a 52 week low of $19.56 and a 52 week high of $36.06. The company has a market capitalization of $637.15 million, a P/E ratio of 13.04, a PEG ratio of 1.43 and a beta of 1.33. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.04 and a current ratio of 1.04.

Midland States Bancorp (NASDAQ:MSBI) last released its quarterly earnings data on Thursday, January 24th. The financial services provider reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.03. Midland States Bancorp had a return on equity of 9.76% and a net margin of 13.33%. The firm had revenue of $69.71 million for the quarter, compared to the consensus estimate of $64.50 million. On average, sell-side analysts anticipate that Midland States Bancorp will post 2.63 EPS for the current year.

In other Midland States Bancorp news, Director R. Robert Funderburg, Jr. sold 7,211 shares of the company’s stock in a transaction that occurred on Wednesday, January 16th. The stock was sold at an average price of $23.45, for a total transaction of $169,097.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Leon J. Holschbach sold 19,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $24.86, for a total value of $472,340.00. The disclosure for this sale can be found here. Insiders have sold 95,825 shares of company stock valued at $2,368,637 in the last ninety days. Company insiders own 12.70% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Quantamental Technologies LLC bought a new stake in Midland States Bancorp during the fourth quarter worth approximately $36,000. Citigroup Inc. boosted its position in shares of Midland States Bancorp by 22.6% in the fourth quarter. Citigroup Inc. now owns 9,258 shares of the financial services provider’s stock valued at $207,000 after acquiring an additional 1,709 shares during the period. Teachers Advisors LLC boosted its position in shares of Midland States Bancorp by 6.7% in the third quarter. Teachers Advisors LLC now owns 38,560 shares of the financial services provider’s stock valued at $1,238,000 after acquiring an additional 2,426 shares during the period. FMR LLC boosted its position in shares of Midland States Bancorp by 0.3% in the third quarter. FMR LLC now owns 1,063,019 shares of the financial services provider’s stock valued at $34,123,000 after acquiring an additional 2,766 shares during the period. Finally, Credit Suisse AG boosted its position in shares of 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 acquiring an additional 2,931 shares during the period. 45.98% of the stock is owned by hedge funds and other institutional investors.

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, Commercial FHA Origination and Servicing, Wealth Management, and Other segments.

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