Ieq Capital LLC Has $294,000 Stock Position in Midland States Bancorp, Inc. $MSBI

Ieq Capital LLC boosted its holdings in shares of Midland States Bancorp, Inc. (NASDAQ:MSBI) by 99.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,165 shares of the financial services provider’s stock after buying an additional 8,573 shares during the quarter. Ieq Capital LLC owned approximately 0.08% of Midland States Bancorp worth $294,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Jacobs Levy Equity Management Inc. raised its stake in Midland States Bancorp by 0.9% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 90,032 shares of the financial services provider’s stock valued at $2,197,000 after buying an additional 845 shares during the period. Point72 Asset Management L.P. raised its stake in Midland States Bancorp by 136.9% in the fourth quarter. Point72 Asset Management L.P. now owns 4,730 shares of the financial services provider’s stock valued at $115,000 after purchasing an additional 2,733 shares in the last quarter. Quantbot Technologies LP lifted its stake in Midland States Bancorp by 162.5% during the first quarter. Quantbot Technologies LP now owns 5,585 shares of the financial services provider’s stock worth $96,000 after purchasing an additional 3,457 shares during the last quarter. Deutsche Bank AG lifted its stake in Midland States Bancorp by 41.7% during the fourth quarter. Deutsche Bank AG now owns 14,075 shares of the financial services provider’s stock worth $343,000 after purchasing an additional 4,139 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Midland States Bancorp by 15.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 33,873 shares of the financial services provider’s stock worth $827,000 after purchasing an additional 4,503 shares during the last quarter. Institutional investors own 60.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MSBI. Piper Sandler restated a “neutral” rating and set a $21.00 target price (up from $18.00) on shares of Midland States Bancorp in a research note on Friday, July 11th. Wall Street Zen upgraded Midland States Bancorp from a “sell” rating to a “hold” rating in a research note on Friday. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $20.67.

Midland States Bancorp Stock Down 2.8%

Shares of MSBI opened at $18.14 on Friday. Midland States Bancorp, Inc. has a 52 week low of $14.79 and a 52 week high of $28.08. The stock has a market capitalization of $390.55 million, a price-to-earnings ratio of -23.56 and a beta of 0.78. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.83 and a current ratio of 0.88. The stock has a fifty day moving average of $18.05 and a 200-day moving average of $17.60.

Midland States Bancorp (NASDAQ:MSBI) last posted its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.19). The company had revenue of $82.50 million during the quarter, compared to analyst estimates of $75.76 million. Midland States Bancorp had a negative net margin of 1.50% and a negative return on equity of 1.23%. As a group, sell-side analysts anticipate that Midland States Bancorp, Inc. will post 2.53 earnings per share for the current fiscal year.

Midland States Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Investors of record on Friday, August 15th were issued a $0.32 dividend. The ex-dividend date was Friday, August 15th. This is a positive change from Midland States Bancorp’s previous quarterly dividend of $0.31. This represents a $1.28 dividend on an annualized basis and a yield of 7.1%. Midland States Bancorp’s dividend payout ratio (DPR) is currently -166.23%.

Midland States Bancorp Company Profile

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.