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.

Midland States Bancorp (NASDAQ:MSBI) last announced its earnings results on Thursday, October 26th. The financial services provider reported $0.49 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.09). Midland States Bancorp had a net margin of 11.90% and a return on equity of 10.22%. The business had revenue of $52.17 million for the quarter, compared to the consensus estimate of $55.20 million. research analysts forecast that Midland States Bancorp will post 1.71 earnings per share for the current year.

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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