Midland States Bancorp, Inc. (NASDAQ:MSBI - Get Free Report)'s share price hit a new 52-week high on Tuesday . The company traded as high as $26.78 and last traded at $26.8990, with a volume of 91966 shares traded. The stock had previously closed at $25.97.
Analyst Ratings Changes
A number of analysts have weighed in on the company. Piper Sandler increased their price target on Midland States Bancorp from $25.50 to $28.00 and gave the stock a "neutral" rating in a report on Monday, April 27th. DA Davidson increased their price target on Midland States Bancorp from $23.00 to $26.00 and gave the stock a "neutral" rating in a report on Monday, April 27th. Wall Street Zen upgraded Midland States Bancorp from a "sell" rating to a "hold" rating in a report on Friday, January 23rd. Weiss Ratings reiterated a "sell (d+)" rating on shares of Midland States Bancorp in a report on Friday, March 27th. Finally, Zacks Research upgraded Midland States Bancorp from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Midland States Bancorp has a consensus rating of "Hold" and a consensus price target of $23.90.
Read Our Latest Analysis on MSBI
Midland States Bancorp Stock Performance
The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.80 and a current ratio of 0.80. The company has a 50 day moving average price of $22.77 and a 200 day moving average price of $20.85. The company has a market capitalization of $581.30 million, a price-to-earnings ratio of 22.95 and a beta of 0.66.
Midland States Bancorp (NASDAQ:MSBI - Get Free Report) last issued its earnings results on Thursday, April 23rd. The financial services provider reported $0.79 EPS for the quarter, beating the consensus estimate of $0.60 by $0.19. The company had revenue of $81.10 million during the quarter, compared to the consensus estimate of $75.59 million. Midland States Bancorp had a return on equity of 11.45% and a net margin of 7.53%. Equities research analysts predict that Midland States Bancorp, Inc. will post 3.17 earnings per share for the current fiscal year.
Institutional Trading of Midland States Bancorp
Several large investors have recently made changes to their positions in MSBI. AQR Capital Management LLC grew its stake in shares of Midland States Bancorp by 38.1% in the 2nd quarter. AQR Capital Management LLC now owns 540,997 shares of the financial services provider's stock valued at $9,370,000 after buying an additional 149,175 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in Midland States Bancorp by 97.1% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 238,364 shares of the financial services provider's stock valued at $5,046,000 after purchasing an additional 117,422 shares during the last quarter. Algert Global LLC acquired a new position in Midland States Bancorp during the 3rd quarter valued at about $1,297,000. Royal Bank of Canada boosted its stake in Midland States Bancorp by 8,633.1% during the 4th quarter. Royal Bank of Canada now owns 68,555 shares of the financial services provider's stock valued at $1,451,000 after purchasing an additional 67,770 shares during the last quarter. Finally, State Street Corp boosted its stake in Midland States Bancorp by 10.1% during the 4th quarter. State Street Corp now owns 682,862 shares of the financial services provider's stock valued at $14,456,000 after purchasing an additional 62,874 shares during the last quarter. 60.93% of the stock is currently owned by institutional investors and hedge funds.
About Midland States Bancorp
(
Get Free Report)
Midland States Bancorp, Inc is a bank holding company headquartered in Effingham, Illinois, that oversees Midland States Bank, a community-focused financial institution. Through its subsidiary, the company provides a full range of commercial and retail banking services designed to meet the needs of individuals, small and mid-sized businesses, and nonprofit organizations. Its branch network spans key markets in Illinois, Missouri and Florida, where it emphasizes relationship-driven banking and local decision-making.
The company's offerings include traditional deposit accounts, business and commercial lending, treasury and cash management services, mortgage financing and home equity products.
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