Somewhat Positive Media Coverage Somewhat Unlikely to Impact Midland States Bancorp (MSBI) Share Price
News stories about Midland States Bancorp (NASDAQ:MSBI) have been trending somewhat positive on Thursday, Accern reports. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Midland States Bancorp earned a coverage optimism score of 0.07 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 45.2910956701838 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Several research analysts recently weighed in on MSBI shares. Zacks Investment Research lowered Midland States Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, May 3rd. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $37.00 price objective on shares of Midland States Bancorp in a research report on Friday, May 12th.
Shares of Midland States Bancorp (MSBI) traded up 1.95% on Thursday, reaching $30.40. The company had a trading volume of 37,132 shares. The firm has a 50-day moving average price of $31.86 and a 200 day moving average price of $33.58. The firm has a market capitalization of $580.49 million, a price-to-earnings ratio of 15.82 and a beta of 2.28. Midland States Bancorp has a 1-year low of $23.88 and a 1-year 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by $0.07. Midland States Bancorp had a net margin of 15.60% and a return on equity of 10.65%. The firm had revenue of $43.02 million during the quarter, compared to analyst estimates of $45.60 million. Equities research analysts predict that Midland States Bancorp will post $1.90 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, August 25th. Investors of record on Friday, August 18th were paid a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $0.80 dividend on an annualized basis and a yield of 2.68%. Midland States Bancorp’s payout ratio is presently 41.03%.
In related news, Director John M. Schultz sold 2,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $31.76, for a total value of $63,520.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Douglas J. Tucker sold 1,954 shares of the firm’s stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $34.80, for a total transaction of $67,999.20. Following the completion of the transaction, the senior vice president now owns 4,948 shares in the company, valued at $172,190.40. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 1,455 shares of company stock worth $44,107 and sold 5,954 shares worth $198,619. Company insiders own 14.90% of the company’s stock.
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Midland States Bancorp Company Profile
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