Trexquant Investment LP Takes $318,000 Position in Midland States Bancorp, Inc. (NASDAQ:MSBI)

Trexquant Investment LP acquired a new stake in Midland States Bancorp, Inc. (NASDAQ:MSBIFree Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 11,546 shares of the financial services provider’s stock, valued at approximately $318,000. Trexquant Investment LP owned 0.05% of Midland States Bancorp at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in Midland States Bancorp by 2.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,371,940 shares of the financial services provider’s stock valued at $37,811,000 after acquiring an additional 37,813 shares during the period. Vanguard Group Inc. increased its holdings in Midland States Bancorp by 0.6% in the third quarter. Vanguard Group Inc. now owns 1,110,782 shares of the financial services provider’s stock valued at $22,815,000 after purchasing an additional 7,132 shares during the period. AQR Capital Management LLC raised its position in 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 worth $5,147,000 after purchasing an additional 54,090 shares during the last quarter. 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. Finally, Russell Investments Group Ltd. grew its position in shares of Midland States Bancorp by 7.1% in the 4th quarter. Russell Investments Group Ltd. now owns 86,218 shares of the financial services provider’s stock valued at $2,376,000 after buying an additional 5,724 shares during the last quarter. Institutional investors and hedge funds own 60.93% of the company’s stock.

Insider Activity

In related news, SVP Douglas J. Tucker sold 3,577 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $24.00, for a total value of $85,848.00. Following the transaction, the senior vice president now directly owns 32,871 shares in the company, valued at approximately $788,904. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 5.60% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Get Our Latest Report on Midland States Bancorp

Midland States Bancorp Stock Down 1.7 %

Shares of NASDAQ MSBI opened at $22.33 on Tuesday. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.59. The firm has a market cap of $479.65 million, a PE ratio of 7.60 and a beta of 0.78. The company’s fifty day simple moving average is $23.53 and its 200 day simple moving average is $24.67. Midland States Bancorp, Inc. has a 12-month low of $19.54 and a 12-month high of $28.47.

Midland States Bancorp (NASDAQ:MSBIGet Free Report) last announced 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). The company had revenue of $122.86 million for the quarter, compared to analyst estimates of $75.05 million. Midland States Bancorp had a net margin of 15.17% and a return on equity of 11.50%. During the same quarter in the prior year, the company posted $0.88 EPS. As a group, sell-side analysts forecast that Midland States Bancorp, Inc. will post 2.7 earnings per share for the current fiscal year.

Midland States Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Friday, May 17th were paid a $0.31 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $1.24 dividend on an annualized basis and a yield of 5.55%. Midland States Bancorp’s dividend payout ratio (DPR) is presently 42.18%.

Midland States Bancorp Company 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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