Midland States Bancorp Inc (NASDAQ:MSBI) Director Jerry L. Mcdaniel sold 14,259 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $26.21, for a total transaction of $373,728.39. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Shares of NASDAQ:MSBI opened at $27.49 on Friday. Midland States Bancorp Inc has a twelve month low of $19.56 and a twelve month high of $34.40. The company’s 50 day moving average is $26.06 and its 200 day moving average is $25.74. The company has a current ratio of 1.05, a quick ratio of 1.04 and a debt-to-equity ratio of 1.15. The company has a market cap of $663.36 million, a PE ratio of 10.60, a price-to-earnings-growth ratio of 1.52 and a beta of 1.36.
Midland States Bancorp (NASDAQ:MSBI) last issued its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.02. Midland States Bancorp had a net margin of 17.52% and a return on equity of 10.14%. The company had revenue of $65.66 million for the quarter, compared to the consensus estimate of $64.90 million. Equities research analysts predict that Midland States Bancorp Inc will post 2.54 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 16th were issued a $0.243 dividend. The ex-dividend date was Thursday, August 15th. This represents a $0.97 annualized dividend and a yield of 3.54%. Midland States Bancorp’s dividend payout ratio (DPR) is presently 47.55%.
MSBI has been the topic of several research reports. TheStreet upgraded shares of Midland States Bancorp from a “c+” rating to a “b” rating in a report on Friday, May 24th. Zacks Investment Research upgraded shares of Midland States Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, September 10th. Finally, BidaskClub upgraded shares of Midland States Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $27.00.
A number of large investors have recently modified their holdings of MSBI. Tower Research Capital LLC TRC increased its holdings in Midland States Bancorp by 63.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,036 shares of the financial services provider’s stock worth $28,000 after buying an additional 401 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Midland States Bancorp by 23.6% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,050 shares of the financial services provider’s stock worth $49,000 after buying an additional 392 shares during the period. Acadian Asset Management LLC acquired a new position in Midland States Bancorp in the 2nd quarter worth approximately $54,000. Bank of Montreal Can increased its holdings in Midland States Bancorp by 687.3% in the 2nd quarter. Bank of Montreal Can now owns 2,102 shares of the financial services provider’s stock worth $56,000 after buying an additional 1,835 shares during the period. Finally, BNP Paribas Arbitrage SA increased its holdings in Midland States Bancorp by 73,150.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,395 shares of the financial services provider’s stock worth $106,000 after buying an additional 4,389 shares during the period. Institutional investors own 47.99% of the company’s stock.
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, Commercial FHA Origination and Servicing, Wealth Management, and Other segments.
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