Midland States Bancorp Inc (NASDAQ:MSBI) CFO Jeffrey G. Ludwig sold 1,784 shares of Midland States Bancorp stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $32.80, for a total value of $58,515.20. Following the sale, the chief financial officer now owns 135,714 shares of the company’s stock, valued at approximately $4,451,419.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of Midland States Bancorp Inc (NASDAQ:MSBI) traded down $0.32 during midday trading on Wednesday, hitting $31.81. The company had a trading volume of 114,235 shares, compared to its average volume of 66,732. The stock has a market cap of $776.73, a PE ratio of 34.58, a price-to-earnings-growth ratio of 1.83 and a beta of 1.12. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 1.42. Midland States Bancorp Inc has a 52 week low of $28.70 and a 52 week high of $36.50.
Midland States Bancorp (NASDAQ:MSBI) last announced its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.42 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.17). The firm had revenue of $50.03 million for the quarter, compared to analysts’ expectations of $54.10 million. Midland States Bancorp had a net margin of 7.56% and a return on equity of 8.71%. sell-side analysts anticipate that Midland States Bancorp Inc will post 2.55 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 16th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.77%. This is a boost from Midland States Bancorp’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Thursday, February 15th. Midland States Bancorp’s dividend payout ratio (DPR) is currently 95.65%.
A number of equities analysts recently weighed in on the company. Zacks Investment Research raised Midland States Bancorp from a “sell” rating to a “buy” rating and set a $38.00 price objective on the stock in a report on Saturday, January 13th. BidaskClub raised Midland States Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, February 10th. Finally, ValuEngine cut Midland States Bancorp from a “buy” rating to a “hold” rating in a report on Friday, February 2nd.
Several hedge funds and other institutional investors have recently made changes to their positions in MSBI. Northpointe Capital LLC raised its holdings in shares of Midland States Bancorp by 101.6% during the 4th quarter. Northpointe Capital LLC now owns 507,800 shares of the financial services provider’s stock valued at $16,493,000 after buying an additional 255,865 shares in the last quarter. State Street Corp raised its holdings in shares of Midland States Bancorp by 367.7% during the 2nd quarter. State Street Corp now owns 246,679 shares of the financial services provider’s stock valued at $8,270,000 after buying an additional 193,932 shares in the last quarter. Maltese Capital Management LLC purchased a new position in shares of Midland States Bancorp during the 3rd quarter valued at about $6,019,000. Endeavour Capital Advisors Inc. raised its holdings in shares of Midland States Bancorp by 24.2% during the 4th quarter. Endeavour Capital Advisors Inc. now owns 866,792 shares of the financial services provider’s stock valued at $28,153,000 after buying an additional 168,905 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Midland States Bancorp by 41.0% during the 2nd quarter. Vanguard Group Inc. now owns 461,065 shares of the financial services provider’s stock valued at $15,455,000 after buying an additional 134,176 shares in the last quarter. 38.43% of the stock is currently owned by institutional investors.
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Midland States Bancorp Company Profile
Midland States Bancorp, Inc is a diversified financial holding company. The Company’s banking subsidiary is Midland States Bank (the Bank). The Company’s principal business activity has been lending to and accepting deposits from individuals, businesses, municipalities and other entities. The Company’s segments include Banking, which provides a range of financial products and services to consumers and businesses, including loan products; commercial equipment leasing; mortgage loan sales and servicing; letters of credit; various types of deposit products, including checking, savings and time deposit accounts; merchant services, and corporate treasury management services; Commercial Federal Housing Administration (FHA) Origination and Servicing, which provides for the origination and servicing of government sponsored mortgages for multifamily and healthcare facilities, and Other, which includes the operating results of the Company and its wealth management business unit.
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