Midland States Bancorp, Inc. (NASDAQ:MSBI) – Equities research analysts at DA Davidson decreased their FY2017 earnings estimates for shares of Midland States Bancorp in a research note issued on Monday. DA Davidson analyst K. Reevey now forecasts that the financial services provider will post earnings per share of $1.42 for the year, down from their prior forecast of $1.88.

Several other brokerages have also recently issued reports on MSBI. Zacks Investment Research cut shares of Midland States Bancorp from a “hold” rating to a “sell” rating in a report on Friday, October 20th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $42.00 target price on shares of Midland States Bancorp in a report on Thursday, October 19th.

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Midland States Bancorp (MSBI) opened at 32.45 on Wednesday. The company’s 50-day moving average is $32.82 and its 200-day moving average is $32.99. The stock has a market capitalization of $619.63 million, a PE ratio of 16.88 and a beta of 2.37. Midland States Bancorp has a 12 month low of $24.70 and a 12 month high of $37.58.

Midland States Bancorp (NASDAQ:MSBI) last issued its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.09). Midland States Bancorp had a net margin of 11.90% and a return on equity of 10.77%. The business had revenue of $52.17 million for the quarter, compared to analysts’ expectations of $55.20 million.

In other Midland States Bancorp news, Director John M. Schultz sold 2,000 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $30.68, for a total transaction of $61,360.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last quarter, insiders have acquired 1,455 shares of company stock worth $44,107. 14.90% of the stock is owned by company insiders.

Institutional investors have recently modified their holdings of the business. Meeder Asset Management Inc. grew its holdings in Midland States Bancorp by 279.6% during the 3rd 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 shares of Midland States Bancorp by 581.8% in the 2nd quarter. Legal & General Group Plc now owns 3,941 shares of the financial services provider’s stock valued at $132,000 after buying an additional 3,363 shares in the last quarter. Susquehanna International Group LLP bought a new stake in shares of Midland States Bancorp in the 2nd quarter valued at about $209,000. Blair William & Co. IL boosted its holdings in shares of Midland States Bancorp by 0.9% in the 2nd quarter. Blair William & Co. IL now owns 6,629 shares of the financial services provider’s stock valued at $222,000 after buying an additional 60 shares in the last quarter. Finally, Voya Investment Management LLC bought a new stake in shares of Midland States Bancorp in the 2nd quarter valued at about $225,000. Institutional investors own 46.67% of the company’s stock.

Midland States Bancorp Company Profile

Earnings History and Estimates for Midland States Bancorp (NASDAQ:MSBI)

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