Midland States Bancorp Inc (NASDAQ:MSBI) SVP Sells $598,806.00 in Stock
Midland States Bancorp Inc (NASDAQ:MSBI) SVP Jeffrey A. Brunoehler sold 22,178 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $27.00, for a total transaction of $598,806.00. Following the completion of the sale, the senior vice president now directly owns 57,861 shares of the company’s stock, valued at $1,562,247. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of NASDAQ:MSBI traded down $0.18 on Tuesday, reaching $26.79. The company’s stock had a trading volume of 100 shares, compared to its average volume of 50,578. The business has a 50-day moving average price of $26.01. Midland States Bancorp Inc has a 52-week low of $19.56 and a 52-week high of $35.28. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.32. The company has a market cap of $639.13 million, a PE ratio of 13.14, a P/E/G ratio of 1.48 and a beta of 1.36.
A number of brokerages recently weighed in on MSBI. TheStreet cut shares of WESCO International from a “b-” rating to a “c+” rating in a research report on Friday, May 24th. ValuEngine cut shares of Acceleron Pharma from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 18th. Zacks Investment Research cut shares of Green Plains from a “hold” rating to a “strong sell” rating in a report on Thursday, June 27th. Finally, BidaskClub cut shares of Weyco Group from a “sell” rating to a “strong sell” rating in a report on Saturday, July 13th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $27.00.
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.
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