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 value of $85,848.00. Following the sale, the senior vice president now owns 32,871 shares in the company, valued at $788,904. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Midland States Bancorp Price Performance
MSBI stock opened at $23.66 on Tuesday. The firm has a 50 day moving average of $23.93 and a 200-day moving average of $24.51. The firm has a market capitalization of $516.97 million, a P/E ratio of 8.05 and a beta of 0.79. Midland States Bancorp, Inc. has a 12 month low of $18.54 and a 12 month high of $28.47. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.91.
Midland States Bancorp (NASDAQ:MSBI - Get Free Report) last announced its quarterly earnings results 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). The firm had revenue of $122.86 million during the quarter, compared to the consensus estimate of $75.05 million. Midland States Bancorp had a net margin of 15.17% and a return on equity of 11.56%. During the same period in the previous year, the business earned $0.88 earnings per share. As a group, sell-side analysts predict that Midland States Bancorp, Inc. will post 2.76 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Midland States Bancorp
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Institutional investors have recently added to or reduced their stakes in the business. Empowered Funds LLC lifted its position in Midland States Bancorp by 8.2% during the first quarter. Empowered Funds LLC now owns 64,859 shares of the financial services provider's stock valued at $1,630,000 after purchasing an additional 4,900 shares during the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of Midland States Bancorp during the 1st quarter worth $581,000. BNP Paribas Financial Markets lifted its holdings in shares of Midland States Bancorp by 60.1% during the 1st quarter. BNP Paribas Financial Markets now owns 20,702 shares of the financial services provider's stock worth $520,000 after acquiring an additional 7,770 shares during the last quarter. Accurate Wealth Management LLC grew its position in Midland States Bancorp by 48.1% in the first quarter. Accurate Wealth Management LLC now owns 105,286 shares of the financial services provider's stock worth $2,502,000 after acquiring an additional 34,191 shares in the last quarter. Finally, Los Angeles Capital Management LLC increased its stake in Midland States Bancorp by 9.0% in the first quarter. Los Angeles Capital Management LLC now owns 18,575 shares of the financial services provider's stock valued at $467,000 after acquiring an additional 1,532 shares during the last quarter. 60.93% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of research firms recently issued reports on MSBI. Keefe, Bruyette & Woods decreased their price objective 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. Piper Sandler decreased their price target on shares of Midland States Bancorp from $26.00 to $24.50 and set a "neutral" rating for the company in a research note on Tuesday, April 30th. Finally, Stephens dropped their price objective on Midland States Bancorp from $29.00 to $27.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 30th. Five research analysts have rated the stock with a hold rating, According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $25.63.
Check Out Our Latest Analysis on MSBI
About Midland States Bancorp
(
Get Free Report)
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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