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Zacks Investment Research downgraded Midland States Bancorp Inc (NASDAQ:MSBI) to Hold in a report released today.

Zacks Investment Research has downgraded Midland States Bancorp Inc (NASDAQ:MSBI) to Hold in a report released on 9/29/2016.

Previously on 08/23/2016, Zacks Investment Research reported on Midland States Bancorp Inc (NASDAQ:MSBI) increased the target price from $0.00 to $27.00. At the time, this indicated a possible upside of 0.13%.

Just yesterday Midland States Bancorp Inc (NASDAQ:MSBI) traded -0.16% lower at $24.90. Midland States Bancorp Inc’s 50-day moving average is $24.22 and its 200-day moving average is $22.98. The last closing price is up 8.38% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 64,399 shares of MSBI traded hands, up from an average trading volume of 40,738

Recent Performance Chart

Midland States Bancorp Inc (NASDAQ:MSBI)

Midland States Bancorp Inc has 52 week low of $20.80 and a 52 week high of $25.49 with a PE ratio of 13.62 and has a market capitalization of $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 4 brokers have issued a research note on the company. The average stock price target is $26.00 with 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

Brief Synopsis On Midland States Bancorp Inc (NASDAQ:MSBI)

Midland States Bancorp, Inc. is a United States-based diversified financial holding company. The Company's banking subsidiary, Midland States Bank, provides a range of traditional community banking and other complementary financial services. Its segments include Banking, Commercial Federal Housing Administration (FHA) Origination and Servicing, and Other. The Banking segment provides a range of financial products and services to consumers and businesses, including commercial loans, commercial real estate loans, mortgage and other consumer 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, and merchant 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 its Wealth Management business unit.

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