BNP Paribas Financial Markets Boosts Holdings in Midland States Bancorp, Inc. (NASDAQ:MSBI)

BNP Paribas Financial Markets raised its holdings in shares of Midland States Bancorp, Inc. (NASDAQ:MSBI) by 45.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,062 shares of the financial services provider’s stock after acquiring an additional 21,729 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.33% of Midland States Bancorp worth $1,710,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its holdings in shares of Midland States Bancorp by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 518,209 shares of the financial services provider’s stock worth $12,648,000 after buying an additional 6,273 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Midland States Bancorp by 7.2% during the fourth quarter. American Century Companies Inc. now owns 475,642 shares of the financial services provider’s stock worth $11,606,000 after buying an additional 31,859 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Midland States Bancorp by 36.9% during the fourth quarter. Bank of New York Mellon Corp now owns 209,244 shares of the financial services provider’s stock worth $5,106,000 after buying an additional 56,441 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Midland States Bancorp by 12.2% during the fourth quarter. Northern Trust Corp now owns 200,156 shares of the financial services provider’s stock worth $4,884,000 after buying an additional 21,688 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of Midland States Bancorp by 108.0% during the fourth quarter. AQR Capital Management LLC now owns 195,267 shares of the financial services provider’s stock worth $4,765,000 after buying an additional 101,397 shares in the last quarter. 60.93% of the stock is currently owned by hedge funds and other institutional investors.

Midland States Bancorp Price Performance

Midland States Bancorp stock opened at $17.88 on Friday. Midland States Bancorp, Inc. has a 1 year low of $14.79 and a 1 year high of $28.08. The firm has a 50 day moving average price of $17.11 and a 200 day moving average price of $21.19. The company has a market cap of $382.65 million, a price-to-earnings ratio of -17.03 and a beta of 0.72. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.91 and a current ratio of 0.91.

Midland States Bancorp (NASDAQ:MSBI) last released its earnings results on Wednesday, April 30th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.05. The firm had revenue of $76.16 million during the quarter, compared to the consensus estimate of $72.93 million. Midland States Bancorp had a negative net margin of 2.74% and a negative return on equity of 1.95%. Sell-side analysts predict that Midland States Bancorp, Inc. will post 2.53 earnings per share for the current year.

Midland States Bancorp Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on MSBI shares. DA Davidson lowered their price target on shares of Midland States Bancorp from $27.00 to $21.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. Piper Sandler lowered their price target on shares of Midland States Bancorp from $28.50 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. 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 for the company in a report on Friday, May 2nd. Finally, StockNews.com upgraded shares of Midland States Bancorp from a “hold” rating to a “buy” rating in a report on Monday, May 5th.

Midland States Bancorp 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.