News articles about Midland States Bancorp (NASDAQ:MSBI) have trended somewhat positive recently, according to Accern. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Midland States Bancorp earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 46.5271230160571 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media stories that may have effected Accern Sentiment’s analysis:
- Midland States Bancorp Inc (NASDAQ:MSBI): Dividend Is Coming In 3 Days, Should You Buy? (finance.yahoo.com)
- Midland States Bancorp (MSBI) Lifted to Hold at BidaskClub (americanbankingnews.com)
- BRIEF-Midland States Bancorp Increases Quarterly Cash Dividend By 10 Pct To $0.22 Per Share (reuters.com)
- Midland States Bancorp Inc (MSBI) Plans Dividend Increase – $0.22 Per Share (americanbankingnews.com)
- Midland States Bancorp, Inc. Increases Quarterly Cash Dividend by 10% to $0.22 Per Share (finance.yahoo.com)
Shares of Midland States Bancorp (NASDAQ MSBI) traded up $0.55 during mid-day trading on Friday, reaching $30.50. 45,302 shares of the company’s stock traded hands, compared to its average volume of 58,682. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 1.32. The firm has a market cap of $583.22, a P/E ratio of 33.15, a P/E/G ratio of 1.59 and a beta of 1.31. Midland States Bancorp has a 52-week low of $28.70 and a 52-week high of $36.50.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Friday, February 16th will be issued a dividend of $0.22 per share. This is an increase from Midland States Bancorp’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a yield of 2.89%. The ex-dividend date is Thursday, February 15th. Midland States Bancorp’s dividend payout ratio (DPR) is 86.96%.
MSBI has been the topic of a number of analyst reports. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $42.00 price target on shares of Midland States Bancorp in a research report on Thursday, October 19th. Zacks Investment Research downgraded shares of Midland States Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, October 20th. BidaskClub upgraded shares of Midland States Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, December 7th. Finally, ValuEngine downgraded shares of Midland States Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd.
In other Midland States Bancorp news, Director Robert F. Schultz sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $31.17, for a total transaction of $62,340.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold a total of 10,000 shares of company stock worth $325,340 over the last 90 days. Corporate insiders own 14.90% of the company’s stock.
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About Midland States Bancorp
Midland States Bancorp, Inc is a diversified financial holding company. The Company’s banking subsidiary is Midland States Bank (the Bank). The Company’s principal business activity has been lending to and accepting deposits from individuals, businesses, municipalities and other entities. The Company’s segments include Banking, which provides a range of financial products and services to consumers and businesses, including loan products; commercial equipment leasing; mortgage loan sales and servicing; letters of credit; various types of deposit products, including checking, savings and time deposit accounts; merchant services, and corporate treasury management services; Commercial Federal Housing Administration (FHA) Origination and Servicing, which provides for the origination and servicing of government sponsored mortgages for multifamily and healthcare facilities, and Other, which includes the operating results of the Company and its wealth management business unit.
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