Midland States Bancorp (NASDAQ:MSBI) is set to post its quarterly earnings results after the market closes on Thursday, October 24th. Analysts expect Midland States Bancorp to post earnings of $0.63 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.
Midland States Bancorp (NASDAQ:MSBI) last released its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.02. Midland States Bancorp had a net margin of 17.52% and a return on equity of 10.14%. The business had revenue of $65.66 million for the quarter, compared to analysts’ expectations of $64.90 million. On average, analysts expect Midland States Bancorp to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of NASDAQ MSBI opened at $26.54 on Wednesday. The company’s 50 day simple moving average is $26.33 and its 200 day simple moving average is $26.10. Midland States Bancorp has a fifty-two week low of $19.56 and a fifty-two week high of $28.24. The firm has a market capitalization of $650.05 million, a P/E ratio of 13.01 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.
Several brokerages recently weighed in on MSBI. BidaskClub upgraded shares of Midland States Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, July 31st. Zacks Investment Research upgraded shares of Midland States Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, September 18th. Finally, ValuEngine lowered shares of Midland States Bancorp from a “hold” rating to a “sell” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. Midland States Bancorp has an average rating of “Hold” and a consensus price target of $27.00.
In other Midland States Bancorp news, CFO Stephen A. Erickson sold 3,500 shares of the stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $26.01, for a total value of $91,035.00. Following the sale, the chief financial officer now directly owns 14,628 shares in the company, valued at $380,474.28. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Leon J. Holschbach sold 9,500 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $26.74, for a total transaction of $254,030.00. The disclosure for this sale can be found here. Insiders sold 60,195 shares of company stock worth $1,602,479 over the last 90 days. 12.70% of the stock is currently owned by company insiders.
About Midland States Bancorp
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.
Recommended Story: Initial Coin Offerings entail a high degree of risk
Receive News & Ratings for Midland States Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Midland States Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.