Midland States Bancorp (NASDAQ:MSBI) Downgraded by Zacks Investment Research to Hold

Midland States Bancorp stock has undergone multiple analysts rating changes in the recent past.  Midland States Bancorp Downgraded by Zacks Investment Research on 10/14/2021. In a note to investors, the firm issued a new rating of Hold. The analysts previously had rating of Buy.

Shares of Midland States Bancorp traded down -$1.16 on Wednesday, reaching $24.65. 0 shares of the stock traded hands, compared to its average volume of 67974. Shares of Midland States Bancorp were trading at $24.65 on Wednesday. The firm’s 50 day moving average is $24.90 and its 200 day moving average is $25.22.Midland States Bancorp has a 12 month low of $24.30 and a 12 month high of $30.32. While on yearly highs and lows, Midland States Bancorp’s today has traded high as $25.13 and has touched $24.30 on the downward trend. See More Analyst Rating at: RATING

Midland States Bancorp Earnings and What to expect: 

Midland States Bancorp last posted its quarterly earnings data on July 21st, 2021. The financial services provider reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by $0.47. The company earned $67.53 million during the quarter, compared to analyst estimates of $67.90 million. Midland States Bancorp has generated $1.72 earnings per share over the last year ($2.05 diluted earnings per share) and currently has a price-to-earnings ratio of 12.0. Earnings for Midland States Bancorp are expected to decrease by -11.88% in the coming year, from $3.45 to $3.04 per share. Midland States Bancorp has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Thursday, October 28th, 2021 based off prior year’s report dates.

Earnings for Midland States Bancorp are expected to decrease by -11.88% in the coming year, from $3.45 to $3.04 per share. The P/E ratio of Midland States Bancorp is 12.02, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 14.54. The P/E ratio of Midland States Bancorp is 12.02, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 13.97. Midland States Bancorp has a P/B Ratio of 0.89. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Midland States Bancorp (NASDAQ:MSBI) Moving Average Technical Analysis

5 day Moving Average is $25.64 And 5 day price change is -$1.23 (-4.75%)  with average volume for 5 day average is 78,460. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $24.71 and 20 day price change is $0.90 (3.79%) and average 20 day moving volume is 82,305. 50 day moving average is $24.90  and 50 day price change is -$0.59 ( -2.34%)  and with average volume for 50 days is : 68,676. 200 day moving average is $25.22  and 200 day price change is $6.90 (38.87%)  and with average volume for 200 days is : 82,769.

Other owners latest trading in Midland States Bancorp :

  • On 9/3/2021 shares held by Parametric Portfolio Associates LLC were 88,307 which equates to market value of $2.32M and appx 0.00% owners of Midland States Bancorp
  • On 8/23/2021 shares held by Morgan Stanley were 44,061 which equates to market value of $1.16M and appx 0.00% owners of Midland States Bancorp
  • On 8/17/2021 shares held by Wells Fargo & Company MN were 227,930 which equates to market value of $5.99M and appx 0.00% owners of Midland States Bancorp
  • In total Institutional ownership equates to Institutional Ownership Percentage: 57.90% for Midland States Bancorp

See More Analyst Rating at: RATING