Midland States Bancorp (NASDAQ:MSBI) Receives "Sell (D)" Rating from Weiss Ratings

Key Points

• Midland States Bancorp (NASDAQ:MSBI) has received a "sell (D)" rating from Weiss Ratings, maintaining a cautious outlook amid mixed reviews from other analysts regarding the stock's performance.
• The company's shares increased by 3.1% on Tuesday, reaching $16.52, although it has experienced significant price fluctuations with a twelve-month range of $14.79 to $28.08.
• Institutional investors currently own 60.93% of Midland States Bancorp's stock, reflecting interest from large financial players in the company despite the mixed ratings on its stock performance.

Midland States Bancorp (NASDAQ:MSBI - Get Free Report)'s stock had its "sell (d)" rating reaffirmed by Weiss Ratings in a research report issued to clients and investors on Tuesday,Weiss Ratings reports.

MSBI has been the subject of a number of other research reports. Stephens upgraded Midland States Bancorp to a "hold" rating in a research note on Thursday, September 11th. Wall Street Zen raised Midland States Bancorp from a "sell" rating to a "hold" rating in a report on Friday, September 5th. Finally, Piper Sandler reissued a "neutral" rating and issued a $21.00 price target (up previously from $18.00) on shares of Midland States Bancorp in a report on Friday, July 11th. Four investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Reduce" and a consensus target price of $20.75.

Midland States Bancorp Stock Up 3.1%

Shares of MSBI stock traded up $0.50 during trading hours on Tuesday, reaching $16.52. The company had a trading volume of 47,591 shares, compared to its average volume of 124,749. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.85 and a current ratio of 0.86. Midland States Bancorp has a twelve month low of $14.79 and a twelve month high of $28.08. The company has a market capitalization of $355.84 million, a P/E ratio of -21.42 and a beta of 0.72. The stock's fifty day simple moving average is $17.63 and its 200 day simple moving average is $17.37.

Midland States Bancorp (NASDAQ:MSBI - Get Free Report) last posted its earnings results on Wednesday, March 23rd. The financial services provider reported $0.54 earnings per share (EPS) for the quarter. Midland States Bancorp had a negative return on equity of 1.30% and a negative net margin of 1.50%.The business had revenue of $70.61 million during the quarter. As a group, sell-side analysts expect that Midland States Bancorp will post 2.53 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. LPL Financial LLC lifted its holdings in Midland States Bancorp by 60.4% during the 1st quarter. LPL Financial LLC now owns 117,505 shares of the financial services provider's stock worth $2,012,000 after buying an additional 44,230 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Midland States Bancorp by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 1,209,953 shares of the financial services provider's stock worth $20,714,000 after purchasing an additional 29,439 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Midland States Bancorp by 2,114.8% in the 1st quarter. GAMMA Investing LLC now owns 9,125 shares of the financial services provider's stock worth $156,000 after purchasing an additional 8,713 shares during the last quarter. Voya Investment Management LLC bought a new stake in shares of Midland States Bancorp in the 1st quarter worth approximately $344,000. Finally, Y Intercept Hong Kong Ltd lifted its holdings in shares of Midland States Bancorp by 163.0% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 38,346 shares of the financial services provider's stock worth $656,000 after purchasing an additional 23,768 shares during the last quarter. Institutional investors own 60.93% of the company's stock.

Midland States Bancorp Company Profile

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, Wealth Management, and Other segments. The company provides a range of financial products and services to consumers and businesses, including commercial loans to finance agricultural equipment and production; and commercial real estate loans for owner occupied offices, warehouses and production facilities, office buildings, hotels, mixed-use residential and commercial facilities, retail centers, multifamily properties, and assisted living facilities.

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