Midland States Bancorp (NASDAQ:MSBI) Stock Price Passes Below Fifty Day Moving Average – Time to Sell?

Midland States Bancorp, Inc. (NASDAQ:MSBI) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $22.49 and traded as low as $21.77. Midland States Bancorp shares last traded at $21.83, with a volume of 126,714 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. DA Davidson raised their target price on shares of Midland States Bancorp from $23.00 to $24.00 and gave the stock a “neutral” rating in a research report on Monday, January 26th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Midland States Bancorp in a research report on Monday, December 29th. UBS Group set a $25.50 price target on shares of Midland States Bancorp in a research note on Monday, January 26th. Keefe, Bruyette & Woods raised their price objective on shares of Midland States Bancorp from $17.00 to $19.00 and gave the stock a “market perform” rating in a research report on Monday, December 8th. Finally, Piper Sandler lifted their price objective on shares of Midland States Bancorp from $23.00 to $25.50 and gave the company a “neutral” rating in a research note on Monday, January 26th. Five research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $23.00.

Midland States Bancorp Stock Down 0.0%

The firm has a 50 day simple moving average of $22.49 and a two-hundred day simple moving average of $19.66. The company has a market capitalization of $468.69 million, a PE ratio of 21.61 and a beta of 0.62. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.82.

Midland States Bancorp (NASDAQ:MSBI) last released its earnings results on Thursday, January 22nd. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.17). Midland States Bancorp had a net margin of 6.62% and a return on equity of 10.47%. The company had revenue of $85.79 million during the quarter, compared to analyst estimates of $74.49 million. Research analysts expect that Midland States Bancorp, Inc. will post 2.53 EPS for the current year.

Midland States Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Friday, February 13th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend was Friday, February 13th. Midland States Bancorp’s payout ratio is currently 126.73%.

Insider Buying and Selling

In other news, COO Kyle Owen Mooney sold 2,808 shares of the firm’s stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $22.67, for a total value of $63,657.36. Following the completion of the sale, the chief operating officer owned 14,207 shares in the company, valued at approximately $322,072.69. This trade represents a 16.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 5.27% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in MSBI. Hsbc Holdings PLC lifted its position in Midland States Bancorp by 34.9% in the fourth quarter. Hsbc Holdings PLC now owns 47,004 shares of the financial services provider’s stock valued at $990,000 after purchasing an additional 12,172 shares during the period. Mercer Global Advisors Inc. ADV increased its position in Midland States Bancorp by 35.7% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 14,570 shares of the financial services provider’s stock worth $308,000 after purchasing an additional 3,837 shares during the period. Empowered Funds LLC raised its stake in shares of Midland States Bancorp by 10.7% during the 4th quarter. Empowered Funds LLC now owns 67,472 shares of the financial services provider’s stock worth $1,428,000 after buying an additional 6,513 shares in the last quarter. XTX Topco Ltd purchased a new position in shares of Midland States Bancorp during the 4th quarter worth approximately $471,000. Finally, Susquehanna Portfolio Strategies LLC acquired a new stake in shares of Midland States Bancorp in the 4th quarter valued at approximately $203,000. 60.93% of the stock is owned by hedge funds and other institutional investors.

About Midland States Bancorp

Midland States Bancorp, Inc is a bank holding company headquartered in Effingham, Illinois, that oversees Midland States Bank, a community-focused financial institution. Through its subsidiary, the company provides a full range of commercial and retail banking services designed to meet the needs of individuals, small and mid-sized businesses, and nonprofit organizations. Its branch network spans key markets in Illinois, Missouri and Florida, where it emphasizes relationship-driven banking and local decision-making.

The company’s offerings include traditional deposit accounts, business and commercial lending, treasury and cash management services, mortgage financing and home equity products.