Zacks Investment Research lowered shares of Midland States Bancorp Inc (NASDAQ:MSBI) from a strong-buy rating to a hold rating in a report issued on Thursday morning.

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. “

Several other brokerages also recently weighed in on MSBI. DA Davidson assumed coverage on Midland States Bancorp in a report on Tuesday, June 21st. They issued a buy rating and a $28.00 price target for the company. Keefe, Bruyette & Woods assumed coverage on Midland States Bancorp in a report on Monday, June 20th. They issued an outperform rating and a $26.00 price target for the company.

Midland States Bancorp (NASDAQ:MSBI) traded up 0.81% during midday trading on Thursday, hitting $24.94. The company had a trading volume of 22,839 shares. Midland States Bancorp has a 52-week low of $20.80 and a 52-week high of $25.49. The stock has a market cap of $384.10 million and a PE ratio of 13.64. The stock’s 50-day moving average price is $24.29 and its 200-day moving average price is $23.00.

Midland States Bancorp (NASDAQ:MSBI) last issued its quarterly earnings results on Friday, July 29th. The company reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by $0.06. On average, equities research analysts expect that Midland States Bancorp will post $2.06 EPS for the current fiscal year.

Midland States Bancorp Company Profile

Midland States Bancorp, Inc is a United States-based diversified financial holding company. The Company’s banking subsidiary, Midland States Bank, provides a range of traditional community banking and other complementary financial services. Its segments include Banking, Commercial Federal Housing Administration (FHA) Origination and Servicing, and Other.

5 Day Chart for NASDAQ:MSBI

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