Point72 Asset Management L.P. Acquires 2,733 Shares of Midland States Bancorp, Inc. (NASDAQ:MSBI)

Point72 Asset Management L.P. increased its holdings in shares of Midland States Bancorp, Inc. (NASDAQ:MSBI) by 136.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 4,730 shares of the financial services provider’s stock after purchasing an additional 2,733 shares during the period. Point72 Asset Management L.P.’s holdings in Midland States Bancorp were worth $115,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of MSBI. R Squared Ltd bought a new position in Midland States Bancorp during the fourth quarter worth about $39,000. Aquatic Capital Management LLC grew its holdings in Midland States Bancorp by 141.9% during the fourth quarter. Aquatic Capital Management LLC now owns 3,387 shares of the financial services provider’s stock worth $83,000 after purchasing an additional 1,987 shares during the period. Price T Rowe Associates Inc. MD bought a new position in Midland States Bancorp during the fourth quarter worth about $201,000. Ieq Capital LLC bought a new position in Midland States Bancorp during the fourth quarter worth about $210,000. Finally, Lazard Asset Management LLC bought a new position in Midland States Bancorp during the fourth quarter worth about $223,000. Institutional investors own 60.93% of the company’s stock.

Midland States Bancorp Trading Up 0.6%

Shares of MSBI stock opened at $16.97 on Friday. The firm has a 50 day moving average price of $17.02 and a two-hundred day moving average price of $20.91. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $363.17 million, a PE ratio of -16.16 and a beta of 0.72. Midland States Bancorp, Inc. has a 12-month low of $14.79 and a 12-month high of $28.08.

Midland States Bancorp (NASDAQ:MSBI) last released its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.05. Midland States Bancorp had a negative net margin of 2.74% and a negative return on equity of 1.95%. The company had revenue of $76.16 million during the quarter, compared to the consensus estimate of $72.93 million. As a group, analysts predict that Midland States Bancorp, Inc. will post 2.53 earnings per share for the current year.

Midland States Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Friday, May 16th were given a $0.31 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 7.31%. Midland States Bancorp’s payout ratio is -122.77%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Piper Sandler reduced their price target on Midland States Bancorp from $28.50 to $23.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. DA Davidson cut their price objective on shares of Midland States Bancorp from $27.00 to $21.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. Keefe, Bruyette & Woods cut their price objective on shares of Midland States Bancorp from $21.00 to $20.00 and set a “market perform” rating for the company in a research report on Friday, May 2nd. Finally, Wall Street Zen downgraded shares of Midland States Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, May 20th.

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.