Stephens lowered the firm’s price target on Midland States to $24 from $26 and keeps an Equal Weight rating on the shares. After reviewing Q2 data for Midwest Banks, the firm concluded the upward movement in price last month was supported by “better-than-expected” results due to NIM expansion, positive operating leverage, and gradual normalization of credit trends, the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MSBI:
- Midland States Bancorp, Inc. Announces Common Stock and Preferred Stock Dividends
- Midland States price target raised to $27 from $24.50 at Piper Sandler
- Midland States Bancorp Unveils Investor Presentation
- Midland States Bancorp Unveils Q2 2024 Financial Results Presentation
- Midland States reports Q2 EPS 20c vs. 86c last year