Today’s Price Action: A Reversal for Midland States Bancorp Inc Is Not Near. The Stock Reaches 52-Week High Today

Today's Price Action: A Reversal for Midland States Bancorp Inc Is Not Near. The Stock Reaches 52 Week High Today

The stock of Midland States Bancorp Inc (NASDAQ:MSBI) hit a new 52-week high and has $34.07 target or 5.00% above today’s $32.45 share price. The 8 months bullish chart indicates low risk for the $504.43M company. The 1-year high was reported on Nov, 29 by If the $34.07 price target is reached, the company will be worth $25.22M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 47,808 shares traded hands or 20.47% up from the average. Midland States Bancorp Inc (NASDAQ:MSBI) has risen 6.00% since October 30, 2016 and is uptrending. It has outperformed by 0.74% the S&P500.

Analysts await Midland States Bancorp Inc (NASDAQ:MSBI) to report earnings on January, 26. MSBI’s profit will be $10.57 million for 11.93 P/E if the $0.68 EPS becomes a reality. After $0.51 actual earnings per share reported by Midland States Bancorp Inc for the previous quarter, Wall Street now forecasts 33.33% EPS growth.

Midland States Bancorp Inc (NASDAQ:MSBI) Ratings Coverage

Out of 2 analysts covering Midland States… (NASDAQ:MSBI), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Midland States… has been the topic of 2 analyst reports since June 20, 2016 according to StockzIntelligence Inc. The rating was initiated by Wood with “Outperform” on Monday, June 20. The firm has “Buy” rating given on Tuesday, June 21 by DA Davidson.

According to Zacks Investment Research, “Midland States Bancorp, Inc. is a financial and bank holding company. It provides commercial and consumer banking products and services, merchant credit card services, trust and investment management, insurance and financial planning services. The company also offers commercial equipment leasing services which provided through Heartland Business Credit and multi-family and healthcare facility FHA financing is provided through Love Funding, Midland’s non-bank subsidiaries. Midland States Bancorp, Inc. is headquartered in Effingham, Illinois.”

More recent Midland States Bancorp Inc (NASDAQ:MSBI) news were published by: which released: “Midland States Bancorp Inc.” on August 12, 2011. Also published the news titled: “Midland States Bancorp, Inc. Announces Pricing of Initial Public Offering” on May 24, 2016.‘s news article titled: “Midland States Bancorp, Inc. Launches Initial Public Offering” with publication date: May 11, 2016 was also an interesting one.

MSBI Company Profile

Midland States Bancorp, Inc. is a diversified financial holding company. The Company’s banking subsidiary, Midland States Bank (the Bank), has branches across Illinois and in Missouri and Colorado, and provides a range of traditional community banking and other complementary financial services, including commercial lending, residential mortgage origination, wealth management, merchant services and prime consumer lending. The Company’s divisions include Banking, Commercial Federal Housing Administration (FHA) Origination and Servicing, and Other. The Banking segment provides a range of financial services and products to clients 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. The Commercial FHA Origination and Servicing segment provides for the origination and servicing of government sponsored mortgages for multifamily and healthcare facilities. The Other segment includes the operating results of the Company and its Wealth Management business unit.

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