Stephens Upgrades Midland States Bancorp (NASDAQ:MSBI) to Hold

Midland States Bancorp (NASDAQ:MSBI) was upgraded by Stephens to a “hold” rating in a report issued on Thursday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the stock. Wall Street Zen upgraded shares of Midland States Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, September 5th. Piper Sandler reaffirmed a “neutral” rating and set a $21.00 price objective (up from $18.00) on shares of Midland States Bancorp in a report on Friday, July 11th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Midland States Bancorp has a consensus rating of “Hold” and a consensus price target of $20.75.

Midland States Bancorp Price Performance

MSBI opened at $17.85 on Thursday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.83 and a current ratio of 0.86. The stock has a market capitalization of $384.49 million, a P/E ratio of -23.18 and a beta of 0.78. The company’s 50-day simple moving average is $18.02 and its two-hundred day simple moving average is $17.55. Midland States Bancorp has a 52-week low of $14.79 and a 52-week high of $28.08.

Midland States Bancorp (NASDAQ:MSBI) last posted its earnings results on Thursday, July 24th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.19). Midland States Bancorp had a negative net margin of 1.50% and a negative return on equity of 1.30%. The company had revenue of $82.50 million for the quarter, compared to the consensus estimate of $75.76 million. As a group, analysts predict that Midland States Bancorp will post 2.53 EPS for the current year.

Institutional Trading of Midland States Bancorp

A number of institutional investors have recently bought and sold shares of MSBI. Amundi lifted its position in Midland States Bancorp by 39.4% in the first quarter. Amundi now owns 2,194 shares of the financial services provider’s stock worth $38,000 after buying an additional 620 shares during the last quarter. Quantbot Technologies LP lifted its position in Midland States Bancorp by 162.5% in the first quarter. Quantbot Technologies LP now owns 5,585 shares of the financial services provider’s stock worth $96,000 after buying an additional 3,457 shares during the last quarter. Point72 Asset Management L.P. lifted its position in Midland States Bancorp by 136.9% in the fourth quarter. Point72 Asset Management L.P. now owns 4,730 shares of the financial services provider’s stock worth $115,000 after buying an additional 2,733 shares during the last quarter. CWM LLC lifted its position in Midland States Bancorp by 162.5% in the first quarter. CWM LLC now owns 7,416 shares of the financial services provider’s stock worth $127,000 after buying an additional 4,591 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in Midland States Bancorp by 2,114.8% in the first quarter. GAMMA Investing LLC now owns 9,125 shares of the financial services provider’s stock worth $156,000 after buying an additional 8,713 shares during the last quarter. 60.93% of the stock is currently owned by institutional investors.

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.