Stock Track | Midland States Plummets Over 20% as Q4 EPS Disappoints, PMI Data Shows Manufacturing Rebound

Stock Track

Jan 25, 2025

Shares of Midland States Bancorp, Inc. (MSBI) plummeted over 20% in intraday trading on Friday, hitting a new 52-week low, amid the release of the company's disappointing fourth-quarter earnings results and mixed economic data.

The regional bank reported a year-over-year decrease in adjusted earnings per share for the fourth quarter, missing analysts' expectations. This weighed heavily on investor sentiment, contributing to the significant sell-off in the stock.

Additionally, the latest S&P Global manufacturing PMI data showed a rebound in the US manufacturing sector, potentially signaling a positive outlook for economic growth. However, this broader economic improvement seemed to have little impact on Midland States' stock price, as investors focused more on the company's weak earnings performance.

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(MSBI) plummeted over 20% in intraday trading on Friday, hitting a new 52-week low, amid the release of the company's disappointing fourth-quarter earnings results and mixed economic data.</p>\n\n<p>The regional bank reported a year-over-year decrease in adjusted earnings per share for the fourth quarter, missing analysts' expectations. This weighed heavily on investor sentiment, contributing to the significant sell-off in the stock.</p>\n\n<p>Additionally, the latest S&P Global manufacturing PMI data showed a rebound in the US manufacturing sector, potentially signaling a positive outlook for economic growth. However, this broader economic improvement seemed to have little impact on Midland States' stock price, as investors focused more on the company's weak earnings performance.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MSBI","symbol_name":"Midland States Bancorp, Inc.","start_time":0,"source_url":"","article_id":"1171451059","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1171451059","pubTimestamp":1737738994,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Midland States Bancorp, Inc.  plummeted over 20% in intraday trading on Friday, hitting a new 52-week low, amid the release of the company's disappointing fourth-quarter earnings results and mixed economic data.The regional bank reported a year-over-year decrease in adjusted earnings per share for the fourth quarter, missing analysts' expectations. 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