Midland States Bancorp (NASDAQ:MSBI) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Saturday.

Several other research analysts have also commented on MSBI. Keefe, Bruyette & Woods restated a “buy” rating and set a $42.00 price target on shares of Midland States Bancorp in a research note on Thursday, October 19th. Zacks Investment Research lowered shares of Midland States Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, October 20th. Finally, ValuEngine lowered shares of Midland States Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd.

Midland States Bancorp (NASDAQ MSBI) opened at $30.50 on Friday. Midland States Bancorp has a 12 month low of $28.70 and a 12 month high of $36.50. The company has a market cap of $583.22, a price-to-earnings ratio of 33.15, a PEG ratio of 1.59 and a beta of 1.31. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.02 and a current ratio of 1.03.

Midland States Bancorp (NASDAQ:MSBI) last announced its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.42 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.17). Midland States Bancorp had a return on equity of 8.90% and a net margin of 7.56%. The business had revenue of $50.03 million for the quarter, compared to analyst estimates of $54.10 million. research analysts forecast that Midland States Bancorp will post 2.75 earnings per share for the current year.

In related news, Director John M. Schultz sold 2,000 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $32.90, for a total transaction of $65,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders have sold 10,000 shares of company stock valued at $325,340. 14.90% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC boosted its holdings in shares of Midland States Bancorp by 20.7% during the 2nd quarter. FMR LLC now owns 843,862 shares of the financial services provider’s stock worth $28,286,000 after buying an additional 144,544 shares during the period. BlackRock Inc. boosted its holdings in shares of Midland States Bancorp by 2.9% during the 4th quarter. BlackRock Inc. now owns 782,801 shares of the financial services provider’s stock worth $25,426,000 after buying an additional 22,052 shares during the period. Northpointe Capital LLC boosted its holdings in shares of Midland States Bancorp by 101.6% during the 4th quarter. Northpointe Capital LLC now owns 507,800 shares of the financial services provider’s stock worth $16,493,000 after buying an additional 255,865 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Midland States Bancorp by 41.0% during the 2nd quarter. Vanguard Group Inc. now owns 461,065 shares of the financial services provider’s stock worth $15,455,000 after buying an additional 134,176 shares during the period. Finally, State Street Corp boosted its holdings in shares of Midland States Bancorp by 367.7% during the 2nd quarter. State Street Corp now owns 246,679 shares of the financial services provider’s stock worth $8,270,000 after buying an additional 193,932 shares during the period. 47.23% of the stock is owned by institutional investors and hedge funds.

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About Midland States Bancorp

Midland States Bancorp, Inc is a diversified financial holding company. The Company’s banking subsidiary is Midland States Bank (the Bank). The Company’s principal business activity has been lending to and accepting deposits from individuals, businesses, municipalities and other entities. The Company’s segments include Banking, which provides a range of financial products and services to consumers and businesses, including loan products; commercial equipment leasing; mortgage loan sales and servicing; letters of credit; various types of deposit products, including checking, savings and time deposit accounts; merchant services, and corporate treasury management services; Commercial Federal Housing Administration (FHA) Origination and Servicing, which provides for the origination and servicing of government sponsored mortgages for multifamily and healthcare facilities, and Other, which includes the operating results of the Company and its wealth management business unit.

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