Midland States Bancorp, Inc. (NASDAQ:MSBI) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Midland States Bancorp, Inc. (NASDAQ:MSBI) by 15.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,873 shares of the financial services provider’s stock after buying an additional 4,503 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.16% of Midland States Bancorp worth $827,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Aquatic Capital Management LLC lifted its holdings 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 valued at $83,000 after purchasing an additional 1,987 shares during the last quarter. Point72 Asset Management L.P. lifted its holdings in shares of Midland States Bancorp by 136.9% during the fourth quarter. Point72 Asset Management L.P. now owns 4,730 shares of the financial services provider’s stock valued at $115,000 after purchasing an additional 2,733 shares during the last quarter. Price T Rowe Associates Inc. MD purchased a new stake in shares of Midland States Bancorp during the fourth quarter valued at $201,000. Ieq Capital LLC purchased a new stake in shares of Midland States Bancorp during the fourth quarter valued at $210,000. Finally, Lazard Asset Management LLC purchased a new stake in shares of Midland States Bancorp during the fourth quarter valued at $223,000. Institutional investors and hedge funds own 60.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on MSBI shares. Keefe, Bruyette & Woods reduced their target price on 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. Wall Street Zen lowered Midland States Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, May 20th.

Midland States Bancorp Price Performance

Shares of MSBI opened at $17.43 on Wednesday. The company has a market capitalization of $373.02 million, a price-to-earnings ratio of -16.60 and a beta of 0.75. 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 debt-to-equity ratio of 0.79, a current ratio of 0.91 and a quick ratio of 0.91. The business’s 50-day moving average is $16.87 and its 200-day moving average is $20.08.

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 analysts’ consensus estimates of $0.52 by $0.05. Midland States Bancorp had a negative return on equity of 1.95% and a negative net margin of 2.74%. The firm had revenue of $76.16 million for the quarter, compared to the consensus estimate of $72.93 million. Equities research analysts expect that Midland States Bancorp, Inc. will post 2.53 EPS for the current fiscal 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 $0.31 dividend. The ex-dividend date was Friday, May 16th. This represents a $1.24 dividend on an annualized basis and a yield of 7.11%. Midland States Bancorp’s dividend payout ratio is currently -122.77%.

Midland States Bancorp Company 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.