New insider activity at Midland States Bancrop ( (MSBI) ) has taken place on January 28, 2025.
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Chief Accounting Officer Donald J. Spring made a strategic move by acquiring 800 shares of Midland States Bancorp stock, demonstrating confidence in the company’s potential. The total investment for this transaction amounted to $19,000.
Recent Updates on MSBI stock
Midland States Bancorp experienced several price target adjustments following its Q4 earnings report, which revealed a net loss. DA Davidson reduced its price target due to concerns over lower net interest income and higher expenses, suggesting that Q4 could be pivotal if credit execution improves. Piper Sandler also lowered its target, viewing the challenging quarter as a chance to enhance earnings quality and franchise value despite elevated net charge-offs and loan loss provisions. Keefe Bruyette similarly decreased its price target, maintaining a Market Perform rating, reflecting the broader industry’s apprehension about Midland States’ financial health amid persistent credit challenges.
More about Midland States Bancrop
YTD Price Performance: -15.78%
Average Trading Volume: 91,566
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $428M
