Midland States Bancorp (NASDAQ:MSBI) COO Kyle Owen Mooney Sells 2,400 Shares

Midland States Bancorp, Inc. (NASDAQ:MSBI) COO Kyle Mooney sold 2,400 shares of Midland States Bancorp stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $33.33, for a total value of $79,992.00. Following the completion of the transaction, the chief operating officer owned 13,610 shares in the company, valued at $453,621.30. This represents a 14.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Kyle Owen Mooney also recently made the following trade(s):

• On Tuesday, August 18th, Kyle Mooney sold 489 shares of Midland States Bancorp stock. The stock was sold at an average price of $33.16, for a total value of $16,215.24.
• On Tuesday, August 11th, Kyle Mooney sold 1,198 shares of Midland States Bancorp stock. The stock was sold at an average price of $33.51, for a total value of $40,144.98.

Midland States Bancorp Price Performance

Shares of MSBI stock opened at $32.89 on Thursday. Midland States Bancorp, Inc. has a 1-year low of $14.24 and a 1-year high of $35.10. The stock’s 50-day moving average is $32.44 and its 200 day moving average is $27.89. The company has a market cap of $682.47 million, a P/E ratio of 21.08 and a beta of 0.65. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.78 and a quick ratio of 0.78.

Midland States Bancorp (NASDAQ:MSBI) last announced its earnings results on Thursday, July 23rd. The financial services provider reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.04. The business had revenue of $83.74 million during the quarter, compared to the consensus estimate of $80.70 million. Midland States Bancorp had a net margin of 9.40% and a return on equity of 13.32%. Research analysts predict that Midland States Bancorp, Inc. will post 3.4 earnings per share for the current fiscal year.

Midland States Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 14th were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Friday, August 14th. This is an increase from Midland States Bancorp’s previous quarterly dividend of $0.32. Midland States Bancorp’s payout ratio is presently 84.62%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MSBI. Weiss Ratings restated a “hold (c)” rating on shares of Midland States Bancorp in a research note on Friday, July 31st. Piper Sandler raised their price objective on Midland States Bancorp from $32.00 to $35.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 28th. DA Davidson boosted their target price on Midland States Bancorp from $30.00 to $33.00 and gave the stock a “neutral” rating in a research note on Monday, July 27th. Wall Street Zen lowered Midland States Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, August 22nd. Finally, Keefe, Bruyette & Woods increased their price target on Midland States Bancorp from $28.00 to $31.00 and gave the company a “market perform” rating in a research note on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Midland States Bancorp presently has a consensus rating of “Hold” and a consensus price target of $31.12.

Institutional Investors Weigh In On Midland States Bancorp

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Sequoia Financial Advisors LLC purchased a new stake in shares of Midland States Bancorp during the second quarter valued at $228,000. HighTower Advisors LLC lifted its position in Midland States Bancorp by 58.1% during the 2nd quarter. HighTower Advisors LLC now owns 19,515 shares of the financial services provider’s stock worth $608,000 after acquiring an additional 7,169 shares during the period. California State Teachers Retirement System lifted its position in Midland States Bancorp by 650.6% during the 2nd quarter. California State Teachers Retirement System now owns 8,377 shares of the financial services provider’s stock worth $269,000 after acquiring an additional 7,261 shares during the period. Hsbc Holdings PLC grew its stake in Midland States Bancorp by 18.8% during the 2nd quarter. Hsbc Holdings PLC now owns 58,716 shares of the financial services provider’s stock valued at $1,820,000 after purchasing an additional 9,277 shares during the last quarter. Finally, Empowered Funds LLC purchased a new stake in Midland States Bancorp during the 2nd quarter valued at about $2,893,000. 60.93% of the stock is currently owned by institutional investors and hedge funds.

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.