Douglas J. Tucker Sells 3,577 Shares of Midland States Bancorp, Inc. (NASDAQ:MSBI) Stock

Midland States Bancorp, Inc. (NASDAQ:MSBI) SVP Douglas J. Tucker sold 3,577 shares of Midland States Bancorp stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $24.00, for a total transaction of $85,848.00. Following the transaction, the senior vice president now directly owns 32,871 shares of the company’s stock, valued at $788,904. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Midland States Bancorp Price Performance

Shares of MSBI stock opened at $23.49 on Wednesday. The company’s 50-day simple moving average is $23.92 and its two-hundred day simple moving average is $24.53. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.96 and a quick ratio of 0.96. Midland States Bancorp, Inc. has a one year low of $18.54 and a one year high of $28.47. The company has a market capitalization of $513.26 million, a P/E ratio of 7.99 and a beta of 0.79.

Midland States Bancorp (NASDAQ:MSBI) last released its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.53 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.18). Midland States Bancorp had a return on equity of 11.56% and a net margin of 15.17%. The firm had revenue of $122.86 million for the quarter, compared to analysts’ expectations of $75.05 million. During the same quarter in the previous year, the business earned $0.88 earnings per share. As a group, equities analysts anticipate that Midland States Bancorp, Inc. will post 2.76 EPS for the current year.

Institutional Trading of Midland States Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC increased its position in Midland States Bancorp by 89.4% during the 3rd quarter. SG Americas Securities LLC now owns 13,542 shares of the financial services provider’s stock valued at $278,000 after purchasing an additional 6,393 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Midland States Bancorp by 1.7% during the third quarter. Bank of New York Mellon Corp now owns 186,258 shares of the financial services provider’s stock valued at $3,826,000 after purchasing an additional 3,154 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Midland States Bancorp by 110.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,168 shares of the financial services provider’s stock worth $127,000 after buying an additional 3,244 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in Midland States Bancorp by 3.3% during the third quarter. New York State Common Retirement Fund now owns 47,674 shares of the financial services provider’s stock worth $979,000 after buying an additional 1,508 shares during the period. Finally, WINTON GROUP Ltd bought a new stake in Midland States Bancorp during the 3rd quarter valued at $244,000. 60.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MSBI has been the subject of several analyst reports. Keefe, Bruyette & Woods lowered their target price on shares of Midland States Bancorp from $28.00 to $26.00 and set a “market perform” rating for the company in a report on Tuesday, April 30th. Stephens reduced their price target on Midland States Bancorp from $29.00 to $27.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 30th. Finally, Piper Sandler dropped their price objective on Midland States Bancorp from $26.00 to $24.50 and set a “neutral” rating for the company in a report on Tuesday, April 30th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $25.63.

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.