Shares of Midland States Bancorp Inc (NASDAQ:MSBI) have been given an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy recommendation.

Analysts have set a 12-month consensus price target of $29.50 for the company and are predicting that the company will post $0.67 EPS for the current quarter, according to Zacks. Zacks has also given Midland States Bancorp an industry rank of 200 out of 255 based on the ratings given to related companies.

MSBI has been the topic of a number of recent research reports. BidaskClub cut Midland States Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, March 26th. Zacks Investment Research raised Midland States Bancorp from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Wednesday, April 3rd. Stephens reissued a “buy” rating and issued a $27.00 target price on shares of Midland States Bancorp in a research note on Wednesday, December 19th. Finally, ValuEngine cut Midland States Bancorp from a “sell” rating to a “strong sell” rating in a research note on Monday, April 1st.

In other news, Director R. Robert Funderburg, Jr. sold 7,058 shares of the company’s stock in a transaction on Friday, February 1st. The stock was sold at an average price of $24.06, for a total transaction of $169,815.48. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Stephen A. Erickson sold 3,308 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $24.55, for a total value of $81,211.40. Following the transaction, the chief financial officer now directly owns 14,261 shares in the company, valued at $350,107.55. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 88,614 shares of company stock worth $2,199,539. Corporate insiders own 12.70% of the company’s stock.

Large investors have recently made changes to their positions in the company. Quantamental Technologies LLC bought a new position in shares of Midland States Bancorp during the fourth quarter valued at $36,000. Metropolitan Life Insurance Co. NY lifted its holdings in shares of Midland States Bancorp by 356.6% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 7,086 shares of the financial services provider’s stock valued at $158,000 after purchasing an additional 5,534 shares in the last quarter. Citigroup Inc. lifted its holdings in shares of Midland States Bancorp by 22.6% during the fourth quarter. Citigroup Inc. now owns 9,258 shares of the financial services provider’s stock valued at $207,000 after purchasing an additional 1,709 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of Midland States Bancorp during the fourth quarter valued at $211,000. Finally, Ridgewood Investments LLC bought a new position in shares of Midland States Bancorp during the first quarter valued at $231,000. 46.29% of the stock is currently owned by hedge funds and other institutional investors.

MSBI stock traded up $0.05 during midday trading on Wednesday, hitting $26.79. The stock had a trading volume of 24,841 shares, compared to its average volume of 60,593. The stock has a market cap of $649.25 million, a price-to-earnings ratio of 13.13, a PEG ratio of 1.37 and a beta of 1.33. Midland States Bancorp has a 52-week low of $19.56 and a 52-week high of $36.06. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.29.

Midland States Bancorp (NASDAQ:MSBI) last released its earnings results on Thursday, January 24th. The financial services provider reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.03. Midland States Bancorp had a return on equity of 9.76% and a net margin of 13.33%. The firm had revenue of $69.71 million for the quarter, compared to analysts’ expectations of $64.50 million. Equities research analysts expect that Midland States Bancorp will post 2.73 earnings per share for the current fiscal year.

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: How to find the components of the quick ratio

Get a free copy of the Zacks research report on Midland States Bancorp (MSBI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.