Deutsche Bank AG Increases Stock Position in Midland States Bancorp, Inc. (NASDAQ:MSBI)

Deutsche Bank AG boosted its stake in Midland States Bancorp, Inc. (NASDAQ:MSBI) by 41.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,075 shares of the financial services provider’s stock after acquiring an additional 4,139 shares during the period. Deutsche Bank AG owned about 0.07% of Midland States Bancorp worth $343,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. R Squared Ltd acquired a new position in shares of Midland States Bancorp during the fourth quarter worth about $39,000. Barclays PLC increased its stake in shares of Midland States Bancorp by 2.6% during the fourth quarter. Barclays PLC now owns 67,065 shares of the financial services provider’s stock worth $1,638,000 after acquiring an additional 1,681 shares during the period. Aquatic Capital Management LLC increased its stake in shares of Midland States Bancorp by 141.9% during the fourth quarter. Aquatic Capital Management LLC now owns 3,387 shares of the financial services provider’s stock worth $83,000 after acquiring an additional 1,987 shares during the period. SG Americas Securities LLC grew its position in Midland States Bancorp by 14.8% during the fourth quarter. SG Americas Securities LLC now owns 16,317 shares of the financial services provider’s stock worth $398,000 after buying an additional 2,103 shares during the period. Finally, Federated Hermes Inc. grew its position in Midland States Bancorp by 8.7% during the fourth quarter. Federated Hermes Inc. now owns 29,684 shares of the financial services provider’s stock worth $724,000 after buying an additional 2,388 shares during the period. 60.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MSBI. Keefe, Bruyette & Woods reduced 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 report on Friday, May 2nd. Wall Street Zen downgraded shares of Midland States Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, May 20th.

Midland States Bancorp Trading Up 0.1%

Shares of NASDAQ:MSBI opened at $16.85 on Friday. The company has a market cap of $360.61 million, a PE ratio of -16.05 and a beta of 0.72. The company’s 50-day moving average price is $16.91 and its 200 day moving average price is $20.56. Midland States Bancorp, Inc. has a fifty-two week low of $14.79 and a fifty-two 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.

Midland States Bancorp (NASDAQ:MSBI) last announced its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.57 earnings per share (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 company had revenue of $76.16 million for the quarter, compared to analysts’ expectations of $72.93 million. Sell-side analysts anticipate that Midland States Bancorp, Inc. will post 2.53 earnings per share for the current year.

Midland States Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 16th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 7.36%. The ex-dividend date was Friday, May 16th. Midland States Bancorp’s dividend payout ratio is currently -122.77%.

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.