Midland States Bancorp Inc (NASDAQ:MSBI) Director Jerry L. Mcdaniel sold 10,000 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $28.04, for a total transaction of $280,400.00.
Jerry L. Mcdaniel also recently made the following trade(s):
- On Tuesday, September 10th, Jerry L. Mcdaniel sold 14,259 shares of Midland States Bancorp stock. The stock was sold at an average price of $26.21, for a total transaction of $373,728.39.
Shares of MSBI opened at $28.04 on Tuesday. Midland States Bancorp Inc has a 1-year low of $19.56 and a 1-year high of $28.24. The stock has a market cap of $678.57 million, a PE ratio of 13.75 and a beta of 1.36. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.05 and a quick ratio of 1.04. The firm has a fifty day moving average price of $26.51 and a 200 day moving average price of $26.17.
Midland States Bancorp (NASDAQ:MSBI) last announced its quarterly earnings results on Friday, October 25th. The financial services provider reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.13). Midland States Bancorp had a net margin of 18.30% and a return on equity of 10.15%. The company had revenue of $69.06 million during the quarter. As a group, equities analysts expect that Midland States Bancorp Inc will post 2.49 EPS for the current fiscal year.
The business also recently declared a dividend, which will be paid on Monday, November 25th. Investors of record on Monday, November 18th will be given a $0.2425 dividend. The ex-dividend date of this dividend is Friday, November 15th. Midland States Bancorp’s dividend payout ratio (DPR) is presently 47.55%.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC lifted its position in Midland States Bancorp by 63.1% in the second quarter. Tower Research Capital LLC TRC now owns 1,036 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 401 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in Midland States Bancorp in the second quarter valued at $54,000. Bank of Montreal Can lifted its position in Midland States Bancorp by 687.3% in the second quarter. Bank of Montreal Can now owns 2,102 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 1,835 shares during the last quarter. Susquehanna International Group LLP purchased a new stake in Midland States Bancorp in the second quarter valued at $211,000. Finally, UBS Asset Management Americas Inc. purchased a new stake in Midland States Bancorp in the second quarter valued at $216,000. 47.71% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts recently commented on the stock. ValuEngine downgraded shares of Midland States Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, October 21st. Zacks Investment Research downgraded shares of Midland States Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, November 5th. Finally, BidaskClub upgraded shares of Midland States Bancorp from a “hold” rating to a “buy” rating in a research note on Friday. Two analysts have rated the stock with a sell rating and two have given a buy rating to the company. Midland States Bancorp presently has a consensus rating of “Hold” and an average target price of $27.00.
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, Commercial FHA Origination and Servicing, Wealth Management, and Other segments.
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