Midland States Bancorp, Inc. (NASDAQ:MSBI) CAO Sells $26,334.00 in Stock

Midland States Bancorp, Inc. (NASDAQ:MSBIGet Free Report) CAO Donald J. Spring sold 1,197 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $22.00, for a total value of $26,334.00. Following the completion of the sale, the chief accounting officer now owns 12,015 shares of the company’s stock, valued at $264,330. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Midland States Bancorp Trading Down 1.4 %

Shares of MSBI stock opened at $21.47 on Friday. The firm has a market capitalization of $461.18 million, a P/E ratio of 7.30 and a beta of 0.78. Midland States Bancorp, Inc. has a 1 year low of $19.54 and a 1 year high of $28.47. The firm’s fifty day simple moving average is $23.09 and its 200 day simple moving average is $24.59. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.59.

Midland States Bancorp (NASDAQ:MSBIGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.18). Midland States Bancorp had a return on equity of 11.50% and a net margin of 15.17%. The company had revenue of $122.86 million for the quarter, compared to the consensus estimate of $75.05 million. During the same quarter in the previous year, the firm posted $0.88 EPS. As a group, sell-side analysts predict that Midland States Bancorp, Inc. will post 2.7 EPS for the current year.

Midland States Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 17th were given a $0.31 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 5.78%. Midland States Bancorp’s dividend payout ratio is currently 42.18%.

Institutional Trading of Midland States Bancorp

Several institutional investors have recently modified their holdings of the company. Quadrant Capital Group LLC lifted its position in Midland States Bancorp by 176.2% in the fourth quarter. Quadrant Capital Group LLC now owns 1,425 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 909 shares during the period. EntryPoint Capital LLC acquired a new position in shares of Midland States Bancorp in the 1st quarter valued at $42,000. AJOVista LLC bought a new position in shares of Midland States Bancorp during the 4th quarter worth about $67,000. Comerica Bank boosted its position in shares of Midland States Bancorp by 950.4% during the 1st quarter. Comerica Bank now owns 7,468 shares of the financial services provider’s stock valued at $188,000 after acquiring an additional 6,757 shares in the last quarter. Finally, International Assets Investment Management LLC increased its stake in Midland States Bancorp by 2,688.1% in the fourth quarter. International Assets Investment Management LLC now owns 7,723 shares of the financial services provider’s stock valued at $213,000 after acquiring an additional 7,446 shares during the period. Institutional investors and hedge funds own 60.93% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on MSBI. Piper Sandler reduced their price objective on shares of Midland States Bancorp from $26.00 to $24.50 and set a “neutral” rating for the company in a research note on Tuesday, April 30th. Stephens cut their target price on shares of Midland States Bancorp from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 30th. Finally, Keefe, Bruyette & Woods lowered their price target on Midland States Bancorp from $28.00 to $26.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 30th. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $25.63.

Check Out Our Latest Report on Midland States Bancorp

About Midland States Bancorp

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Midland States Bancorp, Inc operates as a financial holding company for Midland States Bank that provides various banking products and services to individuals, businesses, municipalities, and other entities. It operates through Banking, Wealth Management, and Other segments. The company provides a range of financial products and services to consumers and businesses, including commercial loans to finance agricultural equipment and production; and commercial real estate loans for owner occupied offices, warehouses and production facilities, office buildings, hotels, mixed-use residential and commercial facilities, retail centers, multifamily properties, and assisted living facilities.

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