Midland States Bancorp (NASDAQ:MSBI – Get Free Report) had its price objective decreased by stock analysts at Piper Sandler from $26.00 to $24.50 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. Piper Sandler’s price objective would indicate a potential upside of 6.57% from the stock’s previous close.
Midland States Bancorp Stock Up 5.0 %
Shares of NASDAQ MSBI opened at $22.99 on Tuesday. The firm’s 50-day moving average price is $23.96 and its 200-day moving average price is $24.42. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $502.33 million, a price-to-earnings ratio of 7.82 and a beta of 0.77. Midland States Bancorp has a 12-month low of $17.98 and a 12-month high of $28.47.
Midland States Bancorp (NASDAQ:MSBI – Get Free Report) last announced its earnings results on Thursday, April 25th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.18). Midland States Bancorp had a net margin of 15.17% and a return on equity of 11.56%. The business had revenue of $122.86 million for the quarter, compared to analysts’ expectations of $75.05 million. During the same quarter in the prior year, the company posted $0.88 earnings per share. On average, equities research analysts anticipate that Midland States Bancorp will post 2.94 EPS for the current fiscal year.
Institutional Trading of Midland States Bancorp
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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