Swiss National Bank Has $1.12 Million Stake in Midland States Bancorp, Inc. (NASDAQ:MSBI)

Swiss National Bank decreased its position in shares of Midland States Bancorp, Inc. (NASDAQ:MSBIFree Report) by 10.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,800 shares of the financial services provider’s stock after selling 4,600 shares during the quarter. Swiss National Bank owned approximately 0.19% of Midland States Bancorp worth $1,124,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. AQR Capital Management LLC boosted 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 acquiring an additional 54,090 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Midland States Bancorp by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 1,110,782 shares of the financial services provider’s stock worth $22,815,000 after buying an additional 7,132 shares during the period. American Century Companies Inc. lifted its holdings in Midland States Bancorp by 11.3% during the 3rd quarter. American Century Companies Inc. now owns 239,352 shares of the financial services provider’s stock worth $4,916,000 after buying an additional 24,320 shares during the period. Bank of New York Mellon Corp lifted 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 buying an additional 3,154 shares during the period. Finally, International Assets Investment Management LLC lifted its holdings in Midland States Bancorp by 2,688.1% during the 4th quarter. International Assets Investment Management LLC now owns 7,723 shares of the financial services provider’s stock worth $213,000 after buying an additional 7,446 shares during the period. Institutional investors and hedge funds own 60.93% of the company’s stock.

Insider Activity at Midland States Bancorp

In related news, SVP Douglas J. Tucker sold 3,577 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $24.00, for a total value of $85,848.00. Following the completion of the sale, the senior vice president now directly owns 32,871 shares of the company’s stock, valued at approximately $788,904. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 5.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have commented on the company. Piper Sandler cut their target price on Midland States Bancorp from $26.00 to $24.50 and set a “neutral” rating on the stock in a report on Tuesday, April 30th. Keefe, Bruyette & Woods cut their target price on Midland States Bancorp from $28.00 to $26.00 and set a “market perform” rating on the stock in a report on Tuesday, April 30th. Finally, Stephens lowered their price objective on Midland States Bancorp from $29.00 to $27.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 30th. Five research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $25.63.

Get Our Latest Stock Analysis on MSBI

Midland States Bancorp Stock Performance

MSBI stock opened at $22.38 on Thursday. The stock has a 50-day moving average price of $23.70 and a 200-day moving average price of $24.70. Midland States Bancorp, Inc. has a 1-year low of $19.27 and a 1-year high of $28.47. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 0.59. The firm has a market cap of $480.77 million, a PE ratio of 7.61 and a beta of 0.79.

Midland States Bancorp (NASDAQ:MSBIGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.18). Midland States Bancorp had a return on equity of 11.50% and a net margin of 15.17%. The business had revenue of $122.86 million during the quarter, compared to the consensus estimate of $75.05 million. During the same period last year, the business posted $0.88 earnings per share. As a group, equities research analysts expect that Midland States Bancorp, Inc. will post 2.7 earnings per share for the current year.

Midland States Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Friday, May 17th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 5.54%. The ex-dividend date of this dividend was Thursday, May 16th. Midland States Bancorp’s payout ratio is 42.18%.

About Midland States Bancorp

(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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