Midland States Bancorp, Inc. $MSBI Shares Sold by Deutsche Bank AG

Deutsche Bank AG reduced its stake in Midland States Bancorp, Inc. (NASDAQ:MSBI) by 16.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,721 shares of the financial services provider’s stock after selling 2,354 shares during the quarter. Deutsche Bank AG owned approximately 0.05% of Midland States Bancorp worth $201,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Jacobs Levy Equity Management Inc. raised its stake in Midland States Bancorp by 0.9% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 90,032 shares of the financial services provider’s stock worth $2,197,000 after purchasing an additional 845 shares during the period. Barclays PLC increased its holdings 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 buying an additional 1,681 shares during the last quarter. Aquatic Capital Management LLC increased its holdings in shares of Midland States Bancorp by 141.9% during the 4th quarter. Aquatic Capital Management LLC now owns 3,387 shares of the financial services provider’s stock worth $83,000 after buying an additional 1,987 shares during the last quarter. Wells Fargo & Company MN raised its position 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 valued at $356,000 after buying an additional 2,630 shares during the period. Finally, Point72 Asset Management L.P. lifted its holdings in Midland States Bancorp by 136.9% in 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 acquiring an additional 2,733 shares during the last quarter. 60.93% of the stock is owned by institutional investors and hedge funds.

Midland States Bancorp Price Performance

MSBI stock opened at $18.42 on Friday. The company has a market capitalization of $396.58 million, a P/E ratio of -23.92 and a beta of 0.77. Midland States Bancorp, Inc. has a twelve month low of $14.79 and a twelve month high of $28.08. The business has a 50 day simple moving average of $17.93 and a 200-day simple moving average of $17.62. The company has a current ratio of 0.88, a quick ratio of 0.83 and a debt-to-equity ratio of 1.36.

Midland States Bancorp (NASDAQ:MSBI) last announced its earnings results on Thursday, July 24th. The financial services provider reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.19). The company had revenue of $82.50 million during the quarter, compared to analysts’ expectations of $75.76 million. Midland States Bancorp had a negative net margin of 1.50% and a negative return on equity of 1.23%. As a group, equities analysts anticipate that Midland States Bancorp, Inc. will post 2.53 EPS for the current year.

Midland States Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 15th were paid a dividend of $0.32 per share. This is a boost from Midland States Bancorp’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.28 annualized dividend and a dividend yield of 6.9%. Midland States Bancorp’s dividend payout ratio is presently -166.23%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Wall Street Zen cut Midland States Bancorp from a “hold” rating to a “sell” rating in a report on Friday, August 22nd. Piper Sandler restated a “neutral” rating and issued a $21.00 price target (up previously from $18.00) on shares of Midland States Bancorp in a research note on Friday, July 11th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $20.67.

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.