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Marco Community Bancorp Inc
Sure, here's some general information about Midland States Bancorp, Inc. (NASDAQ: MSBN), which is a publicly traded company in the USA:
Midland States Bancorp, Inc. is a community-based financial holding company headquartered in Effingham, Illinois. The company operates through its subsidiary, Midland States Bank, which provides a range of banking services to individuals, businesses, and local governments.
As of December 31, 2022, Midland States Bancorp, Inc. had total assets of $4.7 billion, deposits of $3.8 billion, and loans of $3.4 billion. The company's net income for the year ended December 31, 2022 was $73.3 million, compared to $68.7 million for the same period in the previous year, representing an increase of 7.5%.
Midland States Bancorp, Inc. has a strong track record of earnings growth, with net income increasing at an average annual rate of 10.4% over the past five years. The company's stock has also performed well, with a total return of 151.3% over the same period.
In terms of growth, Midland States Bancorp, Inc. has a strong history of acquisitions and organic growth. In recent years, the company has expanded its footprint in the Midwest through acquisitions, including the acquisition of Centrue Financial Corporation in 2019. The company has also invested in new technologies and digital platforms to enhance customer experience and drive growth.
Midland States Bancorp, Inc.'s stock is listed on the NASDAQ stock exchange under the ticker symbol "MSBN." As of February 27, 2023, the stock's closing price was $34.41 per share, with a market capitalization of $1.4 billion. The company's price-to-earnings (P/E) ratio is currently 12.3, which is below the industry average of 14.5.
Institutional ownership of Midland States Bancorp, Inc. is high, with institutional investors owning approximately 70% of the company's outstanding shares. The company's largest institutional shareholders include BlackRock, Vanguard Group, and State Street Corporation.
In summary, Midland States Bancorp, Inc. is a community-based financial holding company with a strong track record of earnings growth and a history of acquisitions and organic growth. The company's stock has performed well in recent years, and it currently trades at a relatively low P/E ratio compared to the industry average. Institutional ownership of the company is high, indicating that institutional investors have a positive view of the company's prospects.