Midland States Bancorp, Inc. (NASDAQ:MSBI) Stock Holdings Lifted by International Assets Investment Management LLC

International Assets Investment Management LLC raised its position in Midland States Bancorp, Inc. (NASDAQ:MSBI) by 2,688.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,723 shares of the financial services provider’s stock after purchasing an additional 7,446 shares during the quarter. International Assets Investment Management LLC’s holdings in Midland States Bancorp were worth $213,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MSBI. SG Americas Securities LLC grew its stake in Midland States Bancorp by 89.4% in the third 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 in the last quarter. Bank of New York Mellon Corp grew its stake in Midland States Bancorp by 1.7% in the third quarter. Bank of New York Mellon Corp now owns 186,258 shares of the financial services provider’s stock valued at $3,826,000 after purchasing an additional 3,154 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Midland States Bancorp by 110.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,168 shares of the financial services provider’s stock worth $127,000 after buying an additional 3,244 shares during the last quarter. New York State Common Retirement Fund lifted its position in shares of Midland States Bancorp by 3.3% in the third quarter. New York State Common Retirement Fund now owns 47,674 shares of the financial services provider’s stock worth $979,000 after buying an additional 1,508 shares during the last quarter. Finally, WINTON GROUP Ltd acquired a new stake in shares of Midland States Bancorp in the third quarter worth about $244,000. Hedge funds and other institutional investors own 60.93% of the company’s stock.

Midland States Bancorp Price Performance

Shares of NASDAQ:MSBI opened at $22.36 on Friday. Midland States Bancorp, Inc. has a fifty-two week low of $17.98 and a fifty-two week high of $28.47. The business has a 50-day moving average of $24.10 and a two-hundred day moving average of $24.39. The stock has a market capitalization of $488.57 million, a P/E ratio of 7.61 and a beta of 0.77. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.96 and a quick ratio of 0.96.

Midland States Bancorp (NASDAQ:MSBI) last posted its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.10. Midland States Bancorp had a return on equity of 11.56% and a net margin of 15.17%. The business had revenue of $78.59 million during the quarter, compared to analysts’ expectations of $75.65 million. On average, equities research analysts predict that Midland States Bancorp, Inc. will post 2.94 EPS for the current fiscal year.

Midland States Bancorp Increases Dividend

The firm also recently disclosed 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 annualized dividend and a dividend yield of 5.55%. The ex-dividend date of this dividend was Thursday, February 15th. This is a boost from Midland States Bancorp’s previous quarterly dividend of $0.30. Midland States Bancorp’s payout ratio is currently 42.18%.

Analysts Set New Price Targets

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

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.