Midland States Bancorp, Inc. (NASDAQ:MSBI) President Jeffrey S. Mefford sold 12,179 shares of Midland States Bancorp stock in a transaction on Tuesday, December 28th. The shares were sold at an average price of $25.14, for a total transaction of $306,180.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
MSBI traded down $0.07 during mid-day trading on Wednesday, reaching $25.18. 25,869 shares of the stock were exchanged, compared to its average volume of 81,643. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.98 and a current ratio of 0.98. The stock has a market capitalization of $554.36 million, a PE ratio of 8.68 and a beta of 1.04. The company has a 50 day moving average price of $25.01 and a two-hundred day moving average price of $25.18. Midland States Bancorp, Inc. has a 1 year low of $17.62 and a 1 year high of $30.32.
Midland States Bancorp (NASDAQ:MSBI) last posted its quarterly earnings data on Thursday, October 28th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.02. The firm had revenue of $66.54 million for the quarter, compared to the consensus estimate of $69.40 million. Midland States Bancorp had a net margin of 22.05% and a return on equity of 10.98%. Sell-side analysts expect that Midland States Bancorp, Inc. will post 3.48 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, November 29th. Shareholders of record on Monday, November 22nd were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 4.45%. The ex-dividend date was Friday, November 19th. Midland States Bancorp’s dividend payout ratio is 38.49%.
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MSBI has been the subject of several research reports. Stephens downgraded shares of Midland States Bancorp from an “overweight” rating to an “equal weight” rating and set a $28.00 price target for the company. in a research report on Wednesday, October 13th. TheStreet raised shares of Midland States Bancorp from a “c+” rating to a “b-” rating in a research report on Monday, October 18th. Finally, Zacks Investment Research downgraded shares of Midland States Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, October 14th.
Institutional investors and hedge funds have recently bought and sold shares of the business. Quadrant Capital Group LLC raised its stake in shares of Midland States Bancorp by 282.9% during the 2nd quarter. Quadrant Capital Group LLC now owns 1,206 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 891 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of Midland States Bancorp by 110.4% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 6,879 shares of the financial services provider’s stock worth $170,000 after purchasing an additional 3,610 shares during the period. Metropolitan Life Insurance Co NY raised its stake in shares of Midland States Bancorp by 101,128.6% during the 2nd quarter. Metropolitan Life Insurance Co NY now owns 7,086 shares of the financial services provider’s stock worth $186,000 after purchasing an additional 7,079 shares during the period. Public Employees Retirement System of Ohio raised its stake in shares of Midland States Bancorp by 1,813.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 7,596 shares of the financial services provider’s stock worth $200,000 after purchasing an additional 7,199 shares during the period. Finally, Royal Bank of Canada raised its stake in shares of Midland States Bancorp by 14.9% during the 3rd quarter. Royal Bank of Canada now owns 8,716 shares of the financial services provider’s stock worth $216,000 after purchasing an additional 1,129 shares during the period. 57.82% of the stock is currently owned by hedge funds and other institutional investors.
About Midland States Bancorp
Midland States Bancorp, Inc is a bank holding company, which engages in the provision of commercial and consumer banking products and services. It operates through the following segments: Banking, Wealth Management, and Other. The Banking segment offers financial products and services such as loans, mortgage loan sales and servicing, letters of credit, deposit products, merchant services, and corporate treasury management services.
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