Midland States Bancorp (MSBI) Stock Rating Upgraded by BidaskClub
Midland States Bancorp (NASDAQ:MSBI) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Thursday.
MSBI has been the topic of several other research reports. Zacks Investment Research upgraded Midland States Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Keefe, Bruyette & Woods restated a “buy” rating and set a $37.00 target price on shares of Midland States Bancorp in a research report on Tuesday, August 29th.
Shares of Midland States Bancorp (NASDAQ:MSBI) opened at $32.61 on Thursday. Midland States Bancorp has a 52-week low of $28.70 and a 52-week high of $37.58. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.02 and a current ratio of 1.03. The company has a market capitalization of $640.20, a PE ratio of 14.64, a P/E/G ratio of 2.81 and a beta of 2.17.
In other Midland States Bancorp news, Director John M. Schultz sold 2,000 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $31.76, for a total value of $63,520.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last quarter, insiders sold 8,000 shares of company stock worth $256,100. Corporate insiders own 14.90% of the company’s stock.
Large investors have recently made changes to their positions in the business. Meeder Asset Management Inc. boosted its holdings in Midland States Bancorp by 279.6% in the third quarter. Meeder Asset Management Inc. now owns 3,158 shares of the financial services provider’s stock worth $100,000 after acquiring an additional 2,326 shares in the last quarter. Legal & General Group Plc boosted its holdings in Midland States Bancorp by 581.8% in the second quarter. Legal & General Group Plc now owns 3,941 shares of the financial services provider’s stock worth $132,000 after acquiring an additional 3,363 shares in the last quarter. SG Americas Securities LLC bought a new position in Midland States Bancorp in the third quarter worth approximately $184,000. Susquehanna International Group LLP bought a new position in Midland States Bancorp in the second quarter worth approximately $209,000. Finally, Blair William & Co. IL boosted its holdings in Midland States Bancorp by 0.9% in the second quarter. Blair William & Co. IL now owns 6,629 shares of the financial services provider’s stock worth $222,000 after acquiring an additional 60 shares in the last quarter. Institutional investors and hedge funds own 45.99% of the company’s stock.
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About Midland States Bancorp
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