Zacks Investment Research upgraded shares of Midland States Bancorp Inc. (NASDAQ:MSBI) from a sell rating to a hold rating in a research report released on Saturday.

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. “

Midland States Bancorp (NASDAQ:MSBI) opened at 27.41 on Friday. The company has a market capitalization of $422.22 million and a price-to-earnings ratio of 13.37. The stock has a 50 day moving average of $25.66 and a 200-day moving average of $23.71. Midland States Bancorp has a 52-week low of $20.80 and a 52-week high of $28.32.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 28th. Stockholders of record on Friday, November 18th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend is Wednesday, November 16th.

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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