Midland States Bancorp, Inc. (NASDAQ:MSBI) – Stock analysts at DA Davidson decreased their FY2018 earnings per share (EPS) estimates for shares of Midland States Bancorp in a note issued to investors on Thursday. DA Davidson analyst K. Reevey now anticipates that the financial services provider will post earnings per share of $2.46 for the year, down from their prior estimate of $2.60. DA Davidson also issued estimates for Midland States Bancorp’s FY2019 earnings at $3.31 EPS.

Several other analysts have also recently issued reports on MSBI. Zacks Investment Research cut shares of Midland States Bancorp from a “hold” rating to a “sell” rating in a research report on Friday. Keefe, Bruyette & Woods reissued a “buy” rating and set a $42.00 price target on shares of Midland States Bancorp in a research report on Thursday.

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Midland States Bancorp (NASDAQ:MSBI) opened at 35.75 on Friday. The stock has a market cap of $682.65 million, a P/E ratio of 18.60 and a beta of 2.37. The firm’s 50-day moving average is $32.11 and its 200-day moving average is $32.91. Midland States Bancorp has a 52-week low of $24.70 and a 52-week high of $37.58.

Midland States Bancorp (NASDAQ:MSBI) last posted its earnings results on Thursday, July 27th. The financial services provider reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.07). The business had revenue of $43.02 million for the quarter, compared to analysts’ expectations of $45.60 million. Midland States Bancorp had a net margin of 15.60% and a return on equity of 10.65%.

In related news, Director John M. Schultz sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $31.76, for a total value of $63,520.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders purchased 1,455 shares of company stock worth $44,107 and sold 6,000 shares worth $188,400. 14.90% of the stock is owned by company insiders.

Large investors have recently modified their holdings of the stock. Stieven Capital Advisors L.P. acquired a new stake in Midland States Bancorp in the second quarter valued at approximately $10,394,000. Swiss National Bank acquired a new stake in Midland States Bancorp in the second quarter valued at approximately $821,000. FMR LLC raised its holdings in Midland States Bancorp by 1.0% in the first quarter. FMR LLC now owns 699,318 shares of the financial services provider’s stock valued at $24,049,000 after acquiring an additional 7,151 shares in the last quarter. OppenheimerFunds Inc. raised its holdings in Midland States Bancorp by 83.0% in the first quarter. OppenheimerFunds Inc. now owns 17,531 shares of the financial services provider’s stock valued at $603,000 after acquiring an additional 7,952 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Midland States Bancorp by 101.2% in the first quarter. Bank of New York Mellon Corp now owns 425,190 shares of the financial services provider’s stock valued at $14,621,000 after acquiring an additional 213,854 shares in the last quarter. 46.55% of the stock is currently owned by hedge funds and other institutional investors.

Midland States Bancorp Company Profile

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