Midland States Bancorp (NASDAQ:MSBI) announced its quarterly earnings data on Thursday. The financial services provider reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.03, Fidelity Earnings reports. Midland States Bancorp had a return on equity of 8.50% and a net margin of 7.33%. The business had revenue of $63.35 million during the quarter, compared to the consensus estimate of $66.90 million.
Midland States Bancorp stock traded down $0.60 during trading hours on Friday, hitting $25.64. The stock had a trading volume of 558 shares, compared to its average volume of 79,066. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 1.39. The company has a market capitalization of $656.75 million, a PE ratio of 12.80, a P/E/G ratio of 1.64 and a beta of 0.90. Midland States Bancorp has a one year low of $25.44 and a one year high of $36.15.
In other Midland States Bancorp news, SVP Jeffrey A. Brunoehler sold 2,822 shares of the stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $32.03, for a total value of $90,388.66. Following the completion of the transaction, the senior vice president now directly owns 31,584 shares in the company, valued at $1,011,635.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John M. Schultz sold 2,000 shares of the stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $34.58, for a total value of $69,160.00. The disclosure for this sale can be found here. Insiders sold 27,160 shares of company stock valued at $906,194 over the last quarter. Corporate insiders own 9.20% of the company’s stock.
Midland States Bancorp Company Profile
Midland States Bancorp, Inc operates as a financial holding company for Midland States Bank that provides banking and financial products and services to individuals, businesses, municipalities, and other entities. The company'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.
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