According to Zacks, “Midland States Bancorp, Inc. is a financial and bank holding company. It provides commercial and consumer banking products and services, merchant credit card services, trust and investment management, insurance and financial planning services. The company also offers commercial equipment leasing services which provided through Heartland Business Credit and multi-family and healthcare facility FHA financing is provided through Love Funding, Midland’s non-bank subsidiaries. Midland States Bancorp, Inc. is headquartered in Effingham, Illinois. “
MSBI has been the subject of several other reports. TheStreet upgraded Midland States Bancorp from a c+ rating to a b rating in a research report on Friday, May 24th. ValuEngine raised shares of Midland States Bancorp from a strong sell rating to a sell rating in a research note on Thursday, April 18th. Finally, BidaskClub raised shares of Midland States Bancorp from a sell rating to a hold rating in a research note on Wednesday, July 31st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $27.00.Shares of Midland States Bancorp stock opened at $26.19 on Thursday. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.05 and a quick ratio of 1.05. Midland States Bancorp has a 1 year low of $19.56 and a 1 year high of $35.28. The firm has a market cap of $630.21 million, a P/E ratio of 12.84, a P/E/G ratio of 1.47 and a beta of 1.35. The stock’s 50 day moving average is $26.15.
In other Midland States Bancorp news, SVP Jeffrey A. Brunoehler sold 22,178 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $27.00, for a total value of $598,806.00. Following the transaction, the senior vice president now owns 57,861 shares in the company, valued at approximately $1,562,247. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Leon J. Holschbach sold 9,500 shares of the business’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $26.67, for a total transaction of $253,365.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 50,678 shares of company stock valued at $1,345,601. 12.70% of the stock is owned by corporate insiders.
Several institutional investors have recently modified their holdings of MSBI. Kennedy Capital Management Inc. acquired a new stake in shares of Midland States Bancorp in the 1st quarter valued at about $3,609,000. Dimensional Fund Advisors LP raised its stake in Midland States Bancorp by 25.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 559,834 shares of the financial services provider’s stock worth $12,507,000 after acquiring an additional 114,165 shares during the period. Hennessy Advisors Inc. raised its stake in Midland States Bancorp by 115.4% during the first quarter. Hennessy Advisors Inc. now owns 140,000 shares of the financial services provider’s stock worth $3,368,000 after acquiring an additional 75,000 shares during the period. Quantum Capital Management raised its stake in Midland States Bancorp by 69.9% during the first quarter. Quantum Capital Management now owns 177,177 shares of the financial services provider’s stock worth $4,263,000 after acquiring an additional 72,875 shares during the period. Finally, BlackRock Inc. raised its stake in Midland States Bancorp by 2.8% during the fourth quarter. BlackRock Inc. now owns 1,392,525 shares of the financial services provider’s stock worth $31,109,000 after acquiring an additional 37,847 shares during the period. Institutional investors and hedge funds own 47.51% of the company’s stock.
About Midland States Bancorp
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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