Midland States Bancorp (NASDAQ:MSBI) Stock Price Crosses Below Fifty Day Moving Average – Should You Sell?

Midland States Bancorp, Inc. (NASDAQ:MSBI)’s share price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $22.49 and traded as low as $21.77. Midland States Bancorp shares last traded at $21.83, with a volume of 126,714 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on MSBI shares. DA Davidson lifted their price objective on shares of Midland States Bancorp from $23.00 to $24.00 and gave the company a “neutral” rating in a research note on Monday, January 26th. Wall Street Zen raised Midland States Bancorp from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. UBS Group set a $25.50 price target on Midland States Bancorp in a research note on Monday, January 26th. Weiss Ratings reissued a “sell (d+)” rating on shares of Midland States Bancorp in a report on Monday, December 29th. Finally, Keefe, Bruyette & Woods raised their price objective on Midland States Bancorp from $17.00 to $19.00 and gave the company a “market perform” rating in a research note on Monday, December 8th. Five analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $23.00.

Midland States Bancorp Stock Performance

The firm has a market capitalization of $466.76 million, a price-to-earnings ratio of 21.52 and a beta of 0.62. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.82. The stock’s 50-day moving average is $22.47 and its 200-day moving average is $19.70.

Midland States Bancorp (NASDAQ:MSBI) last posted its earnings results on Thursday, January 22nd. The financial services provider reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.17). The company had revenue of $85.79 million for the quarter, compared to the consensus estimate of $74.49 million. Midland States Bancorp had a return on equity of 10.47% and a net margin of 6.62%. On average, analysts predict that Midland States Bancorp, Inc. will post 2.53 EPS for the current fiscal year.

Midland States Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Friday, February 13th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend was Friday, February 13th. Midland States Bancorp’s dividend payout ratio is presently 126.73%.

Insider Buying and Selling

In other Midland States Bancorp news, COO Kyle Owen Mooney sold 2,808 shares of the stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of $22.67, for a total value of $63,657.36. Following the completion of the transaction, the chief operating officer directly owned 14,207 shares in the company, valued at approximately $322,072.69. This trade represents a 16.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 5.27% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MSBI. Hsbc Holdings PLC raised its holdings in Midland States Bancorp by 34.9% in the 4th quarter. Hsbc Holdings PLC now owns 47,004 shares of the financial services provider’s stock valued at $990,000 after buying an additional 12,172 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its position in Midland States Bancorp by 35.7% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 14,570 shares of the financial services provider’s stock valued at $308,000 after acquiring an additional 3,837 shares during the period. Empowered Funds LLC increased its position in Midland States Bancorp by 10.7% in the 4th quarter. Empowered Funds LLC now owns 67,472 shares of the financial services provider’s stock valued at $1,428,000 after acquiring an additional 6,513 shares during the period. XTX Topco Ltd bought a new position in shares of Midland States Bancorp during the fourth quarter valued at $471,000. Finally, Susquehanna Portfolio Strategies LLC bought a new position in shares of Midland States Bancorp during the fourth quarter valued at $203,000. Institutional investors and hedge funds own 60.93% of the company’s stock.

Midland States Bancorp Company Profile

Midland States Bancorp, Inc is a bank holding company headquartered in Effingham, Illinois, that oversees Midland States Bank, a community-focused financial institution. Through its subsidiary, the company provides a full range of commercial and retail banking services designed to meet the needs of individuals, small and mid-sized businesses, and nonprofit organizations. Its branch network spans key markets in Illinois, Missouri and Florida, where it emphasizes relationship-driven banking and local decision-making.

The company’s offerings include traditional deposit accounts, business and commercial lending, treasury and cash management services, mortgage financing and home equity products.