Allspring Global Investments Holdings LLC decreased its stake in shares of Midland States Bancorp, Inc. (NASDAQ:MSBI – Free Report) by 39.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,555 shares of the financial services provider’s stock after selling 1,022 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Midland States Bancorp were worth $31,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Wedge Capital Management L L P NC bought a new position in shares of Midland States Bancorp during the 2nd quarter worth about $990,000. Brandywine Global Investment Management LLC increased its stake in Midland States Bancorp by 29.2% in the first quarter. Brandywine Global Investment Management LLC now owns 54,375 shares of the financial services provider’s stock valued at $1,165,000 after acquiring an additional 12,295 shares during the period. Putnam Investments LLC increased its stake in Midland States Bancorp by 39.2% in the first quarter. Putnam Investments LLC now owns 15,451 shares of the financial services provider’s stock valued at $331,000 after acquiring an additional 4,350 shares during the period. Ameriprise Financial Inc. increased its stake in Midland States Bancorp by 51.4% in the first quarter. Ameriprise Financial Inc. now owns 52,224 shares of the financial services provider’s stock valued at $1,119,000 after acquiring an additional 17,740 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Midland States Bancorp by 0.8% in the first quarter. JPMorgan Chase & Co. now owns 116,352 shares of the financial services provider’s stock valued at $2,492,000 after acquiring an additional 954 shares during the period. Institutional investors own 60.26% of the company’s stock.
Insider Transactions at Midland States Bancorp
In related news, CAO Donald J. Spring sold 2,048 shares of the stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $22.59, for a total value of $46,264.32. Following the transaction, the chief accounting officer now directly owns 13,212 shares in the company, valued at $298,459.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 5.60% of the stock is owned by company insiders.
Analyst Ratings Changes
Midland States Bancorp Price Performance
Shares of Midland States Bancorp stock opened at $23.74 on Friday. Midland States Bancorp, Inc. has a 1-year low of $17.98 and a 1-year high of $27.73. The firm’s 50-day moving average price is $21.42 and its two-hundred day moving average price is $21.34. The stock has a market capitalization of $511.36 million, a price-to-earnings ratio of 6.36 and a beta of 0.82. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.04.
Midland States Bancorp (NASDAQ:MSBI – Get Free Report) last announced its earnings results on Thursday, October 26th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.01. Midland States Bancorp had a net margin of 19.79% and a return on equity of 13.06%. The company had revenue of $76.78 million for the quarter, compared to analyst estimates of $75.70 million. On average, equities analysts predict that Midland States Bancorp, Inc. will post 3.26 earnings per share for the current fiscal year.
Midland States Bancorp Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, November 24th. Stockholders of record on Friday, November 17th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, November 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.05%. Midland States Bancorp’s payout ratio is 32.17%.
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.
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