American Century Companies Inc. Has $4.92 Million Position in Midland States Bancorp, Inc. (NASDAQ:MSBI)

American Century Companies Inc. increased its holdings in shares of Midland States Bancorp, Inc. (NASDAQ:MSBI) by 11.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 239,352 shares of the financial services provider’s stock after acquiring an additional 24,320 shares during the period. American Century Companies Inc. owned about 1.11% of Midland States Bancorp worth $4,916,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in MSBI. Moneta Group Investment Advisors LLC boosted its position in shares of Midland States Bancorp by 99,273.5% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 12,142,449 shares of the financial services provider’s stock valued at $323,232,000 after acquiring an additional 12,130,230 shares in the last quarter. BlackRock Inc. boosted its position in shares of Midland States Bancorp by 11.9% during the 3rd quarter. BlackRock Inc. now owns 2,761,753 shares of the financial services provider’s stock valued at $65,095,000 after acquiring an additional 292,712 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Midland States Bancorp by 423.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 113,606 shares of the financial services provider’s stock valued at $2,731,000 after acquiring an additional 91,899 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Midland States Bancorp by 6.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,067,037 shares of the financial services provider’s stock valued at $30,795,000 after buying an additional 68,066 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in Midland States Bancorp by 35.3% in the first quarter. AQR Capital Management LLC now owns 223,790 shares of the financial services provider’s stock valued at $4,794,000 after buying an additional 58,448 shares in the last quarter. 60.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Piper Sandler boosted their price target on shares of Midland States Bancorp from $26.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, January 30th.

Midland States Bancorp Trading Up 3.5 %

Shares of NASDAQ MSBI opened at $24.82 on Thursday. Midland States Bancorp, Inc. has a 1-year low of $17.98 and a 1-year high of $28.47. The company has a market cap of $533.63 million, a PE ratio of 7.59 and a beta of 0.77. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.91. The company has a 50-day moving average of $24.91 and a two-hundred day moving average of $23.93.

Midland States Bancorp (NASDAQ:MSBI) last announced its earnings results on Thursday, January 25th. The financial services provider reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.10. Midland States Bancorp had a net margin of 17.19% and a return on equity of 12.82%. The company had revenue of $78.59 million during the quarter, compared to the consensus estimate of $75.65 million. As a group, equities analysts expect that Midland States Bancorp, Inc. will post 2.95 earnings per share for the current fiscal year.

Midland States Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 16th were paid a $0.31 dividend. The ex-dividend date was Thursday, February 15th. This is an increase from Midland States Bancorp’s previous quarterly dividend of $0.30. This represents a $1.24 dividend on an annualized basis and a dividend yield of 5.00%. Midland States Bancorp’s payout ratio is currently 37.92%.

About Midland States Bancorp

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.