KBW Sticks to Their Buy Rating for Midland States Bancrop

By Jason Carr

KBW analyst Michael Perito reiterated a Buy rating on Midland States Bancrop (NASDAQ: MSBI) yesterday and set a price target of $37. The company’s shares opened today at $29.57.

According to TipRanks.com, Perito is a 5-star analyst with an average return of 15.8% and a 66.4% success rate. Perito covers the Financial sector, focusing on stocks such as Univest Corporation Of Pennsylvania, Enterprise Financial Services Corp, and Orrstown Financial Services Inc.

Midland States Bancrop has an analyst consensus of Moderate Buy, with a price target consensus of $37.

Midland States Bancrop’s market cap is currently $568.4M and has a P/E ratio of 15.27. The company has a book value ratio of 1.2665.

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Midland States Bancorp, Inc. is a banking holding company. It operates through the following business segments: Banking, Commercial Federal Housing Administration Origination and Servicing, and Other.