American Century Companies Inc. Has $4.92 Million Position in Midland States Bancorp, Inc. (NASDAQ:MSBI)

American Century Companies Inc. grew its position in Midland States Bancorp, Inc. (NASDAQ:MSBIFree Report) by 11.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 239,352 shares of the financial services provider’s stock after buying an additional 24,320 shares during the quarter. American Century Companies Inc.’s holdings in Midland States Bancorp were worth $4,916,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AQR Capital Management LLC grew its holdings in shares of Midland States Bancorp by 27.5% during the 3rd quarter. AQR Capital Management LLC now owns 250,599 shares of the financial services provider’s stock valued at $5,147,000 after purchasing an additional 54,090 shares during the last quarter. Barclays PLC grew its holdings in shares of Midland States Bancorp by 6.9% during the 2nd quarter. Barclays PLC now owns 60,292 shares of the financial services provider’s stock valued at $1,200,000 after purchasing an additional 3,901 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Midland States Bancorp by 89.4% during the 3rd quarter. SG Americas Securities LLC now owns 13,542 shares of the financial services provider’s stock valued at $278,000 after purchasing an additional 6,393 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Midland States Bancorp by 1.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 186,258 shares of the financial services provider’s stock worth $3,826,000 after acquiring an additional 3,154 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in Midland States Bancorp by 64.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 72,250 shares of the financial services provider’s stock worth $1,438,000 after acquiring an additional 28,332 shares during the last quarter. 60.93% of the stock is currently owned by institutional investors and hedge funds.

Midland States Bancorp Trading Up 3.5 %

MSBI opened at $24.82 on Thursday. Midland States Bancorp, Inc. has a fifty-two week low of $17.98 and a fifty-two week high of $28.47. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market capitalization of $533.63 million, a price-to-earnings ratio of 7.59 and a beta of 0.77. The company’s 50 day moving average price is $24.91 and its two-hundred day moving average price is $23.93.

Midland States Bancorp (NASDAQ:MSBIGet Free Report) last posted its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.10. Midland States Bancorp had a net margin of 17.19% and a return on equity of 12.82%. The company had revenue of $78.59 million for the quarter, compared to analyst estimates of $75.65 million. As a group, research analysts predict that Midland States Bancorp, Inc. will post 2.95 earnings per share for the current year.

Midland States Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 16th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 5.00%. The ex-dividend date of this dividend was Thursday, February 15th. This is an increase from Midland States Bancorp’s previous quarterly dividend of $0.30. Midland States Bancorp’s payout ratio is presently 37.92%.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler boosted their target price on shares of Midland States Bancorp from $26.00 to $29.00 and gave the stock a “neutral” rating in a report on Tuesday, January 30th.

View Our Latest Stock Report on Midland States Bancorp

Midland States Bancorp Profile

(Free Report)

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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Institutional Ownership by Quarter for Midland States Bancorp (NASDAQ:MSBI)

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