Nisa Investment Advisors LLC Sells 800 Shares of Midland States Bancorp, Inc. (NASDAQ:MSBI)

Nisa Investment Advisors LLC decreased its position in Midland States Bancorp, Inc. (NASDAQ:MSBI) by 24.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,531 shares of the financial services provider’s stock after selling 800 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Midland States Bancorp were worth $70,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Ronald Blue Trust Inc. bought a new stake in Midland States Bancorp in the 3rd quarter worth approximately $28,000. Tower Research Capital LLC TRC lifted its position in Midland States Bancorp by 90.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,626 shares of the financial services provider’s stock worth $33,000 after buying an additional 772 shares during the last quarter. Quantbot Technologies LP lifted its position in Midland States Bancorp by 86.7% in the second quarter. Quantbot Technologies LP now owns 1,680 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 780 shares during the last quarter. Captrust Financial Advisors lifted its position in Midland States Bancorp by 98.5% in the first quarter. Captrust Financial Advisors now owns 1,574 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 781 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its position in Midland States Bancorp by 95.5% in the first quarter. Lazard Asset Management LLC now owns 2,078 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 1,015 shares during the last quarter. Institutional investors own 60.93% of the company’s stock.

Midland States Bancorp Stock Performance

Shares of MSBI stock opened at $23.76 on Monday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.96 and a current ratio of 0.96. Midland States Bancorp, Inc. has a fifty-two week low of $17.98 and a fifty-two week high of $28.47. The stock has a 50 day moving average price of $24.21 and a two-hundred day moving average price of $24.28. The company has a market capitalization of $519.16 million, a P/E ratio of 7.27 and a beta of 0.77.

Midland States Bancorp (NASDAQ:MSBI) last posted its earnings results on Thursday, January 25th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.10. Midland States Bancorp had a return on equity of 12.82% and a net margin of 17.19%. The firm had revenue of $78.59 million for the quarter, compared to analysts’ expectations of $75.65 million. Analysts expect that Midland States Bancorp, Inc. will post 2.94 earnings per share for the current year.

Midland States Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 16th were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Thursday, February 15th. This is a boost from Midland States Bancorp’s previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a dividend yield of 5.22%. Midland States Bancorp’s payout ratio is 37.92%.

Analyst Ratings Changes

Separately, Piper Sandler boosted their price objective on 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 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.