Price T Rowe Associates Inc. MD Acquires Shares of 8,228 Midland States Bancorp, Inc. (NASDAQ:MSBI)

Price T Rowe Associates Inc. MD acquired a new stake in Midland States Bancorp, Inc. (NASDAQ:MSBI) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 8,228 shares of the financial services provider’s stock, valued at approximately $201,000.

Several other institutional investors also recently bought and sold shares of the company. R Squared Ltd acquired a new position in Midland States Bancorp in the 4th quarter valued at $39,000. Barclays PLC grew its stake in shares of Midland States Bancorp by 2.6% during the 4th quarter. Barclays PLC now owns 67,065 shares of the financial services provider’s stock worth $1,638,000 after purchasing an additional 1,681 shares during the period. SG Americas Securities LLC grew its stake in shares of Midland States Bancorp by 14.8% during the 4th quarter. SG Americas Securities LLC now owns 16,317 shares of the financial services provider’s stock worth $398,000 after purchasing an additional 2,103 shares during the period. Federated Hermes Inc. grew its stake in shares of Midland States Bancorp by 8.7% during the 4th quarter. Federated Hermes Inc. now owns 29,684 shares of the financial services provider’s stock worth $724,000 after purchasing an additional 2,388 shares during the period. Finally, Wells Fargo & Company MN grew its stake in shares of Midland States Bancorp by 22.0% during the 4th quarter. Wells Fargo & Company MN now owns 14,580 shares of the financial services provider’s stock worth $356,000 after purchasing an additional 2,630 shares during the period. 60.93% of the stock is owned by institutional investors and hedge funds.

Midland States Bancorp Price Performance

Midland States Bancorp stock opened at $17.88 on Friday. Midland States Bancorp, Inc. has a 52 week low of $14.79 and a 52 week high of $28.08. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.79. The firm’s 50-day simple moving average is $17.11 and its 200 day simple moving average is $21.22. The firm has a market capitalization of $382.65 million, a PE ratio of -17.03 and a beta of 0.72.

Midland States Bancorp (NASDAQ:MSBI) last released its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.57 EPS for the quarter, topping the consensus estimate of $0.52 by $0.05. Midland States Bancorp had a negative net margin of 2.74% and a negative return on equity of 1.95%. The business had revenue of $76.16 million for the quarter, compared to analyst estimates of $72.93 million. On average, equities research analysts predict that Midland States Bancorp, Inc. will post 2.53 EPS for the current fiscal year.

Midland States Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 16th will be given a $0.31 dividend. The ex-dividend date is Friday, May 16th. This represents a $1.24 annualized dividend and a dividend yield of 6.94%. Midland States Bancorp’s dividend payout ratio is presently -122.77%.

Analyst Upgrades and Downgrades

MSBI has been the topic of a number of recent analyst reports. Piper Sandler lowered their price target on shares of Midland States Bancorp from $28.50 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 28th. StockNews.com raised shares of Midland States Bancorp from a “hold” rating to a “buy” rating in a research note on Monday, May 5th. DA Davidson lowered their price target on shares of Midland States Bancorp from $27.00 to $21.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 28th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Midland States Bancorp from $21.00 to $20.00 and set a “market perform” rating on the stock in a research note on Friday, May 2nd.

About Midland States Bancorp

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.