EU: Midland States Bancrop (MSBI) Stock Has Just Had Its Buy Rating Reiterated by KBW. Shares now Have a $43.0 Target

April 16, 2018 - By Ellis Scott

Midland States Bancrop (MSBI) Rating Reaffirmed

KBW now has a $43.0 TP on the $756.82M market cap company or 34.17 % upside potential. In analysts report issued to clients and investors on 21 December, Midland States Bancrop (MSBI) shares have had their Buy Rating maintained by research analysts at KBW.

Midland States Bancorp, Inc. (NASDAQ:MSBI) Ratings Coverage

Among 2 analysts covering Midland States Bancrop (MSBI), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Midland States Bancrop has $43.0 highest and $3700 lowest target. $38.50’s average target is 20.12% above currents $32.05 stock price. Midland States Bancrop had 4 analyst reports since December 21, 2017 according to SRatingsIntel. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Friday, January 26 report. The firm has “Buy” rating by Keefe Bruyette & Woods given on Wednesday, April 4. The firm has “Buy” rating by Sandler O’Neill given on Tuesday, March 27. Keefe Bruyette & Woods maintained Midland States Bancorp, Inc. (NASDAQ:MSBI) rating on Thursday, December 21. Keefe Bruyette & Woods has “Buy” rating and $43.0 target.

The stock increased 0.82% or $0.26 during the last trading session, reaching $32.05. About 9,663 shares traded. Midland States Bancorp, Inc. (MSBI) has declined 5.18% since April 16, 2017 and is downtrending. It has underperformed by 16.73% the S&P500.

Analysts await Midland States Bancorp, Inc. (NASDAQ:MSBI) to report earnings on April, 26. They expect $0.45 EPS, down 21.05 % or $0.12 from last year’s $0.57 per share. MSBI’s profit will be $10.63 million for 17.81 P/E if the $0.45 EPS becomes a reality. After $0.42 actual EPS reported by Midland States Bancorp, Inc. for the previous quarter, Wall Street now forecasts 7.14 % EPS growth.

Midland States Bancorp, Inc. operates as a financial holding firm for Midland States Bank that provides banking and financial services and products to individuals, businesses, municipalities, and other entities. The company has market cap of $756.82 million. The companyÂ’s deposit products include checking, savings, money market, and sweep accounts, as well as certificates of deposits, noninterest-bearing and interest-bearing demand deposits, and time deposits. It has a 36.84 P/E ratio. The Company’s loan portfolio comprises commercial lending products consisting of owner occupied commercial real estate loans, commercial real estate investment loans, real estate construction loans, multifamily loans, and loans to purchase farmland and finance agricultural production; commercial loans, such as business term loans, equipment financing, and lines of credit; and residential first and second mortgage loans, and home equity lines of credit, as well as consumer installment loans, including loans to purchase cars, boats, and other recreational vehicles.

Midland States Bancorp, Inc. (NASDAQ:MSBI) Ratings Chart

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