American Century Companies Inc. Raises Position in Midland States Bancorp, Inc. (NASDAQ:MSBI)

American Century Companies Inc. raised its position in shares of Midland States Bancorp, Inc. (NASDAQ:MSBI) by 16.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 402,092 shares of the financial services provider’s stock after purchasing an additional 55,555 shares during the period. American Century Companies Inc. owned approximately 1.87% of Midland States Bancorp worth $9,107,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Quadrant Capital Group LLC raised its position in Midland States Bancorp by 176.2% during the fourth quarter. Quadrant Capital Group LLC now owns 1,425 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 909 shares in the last quarter. EntryPoint Capital LLC purchased a new stake in Midland States Bancorp during the first quarter valued at about $42,000. Comerica Bank raised its position in Midland States Bancorp by 950.4% during the first quarter. Comerica Bank now owns 7,468 shares of the financial services provider’s stock valued at $188,000 after purchasing an additional 6,757 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Midland States Bancorp during the second quarter valued at about $218,000. Finally, Trexquant Investment LP purchased a new stake in Midland States Bancorp during the fourth quarter valued at about $318,000. Hedge funds and other institutional investors own 60.93% of the company’s stock.

Midland States Bancorp Stock Down 2.4 %

MSBI opened at $22.55 on Monday. The company has a market cap of $484.42 million, a P/E ratio of 7.67 and a beta of 0.76. The business’s 50-day moving average price is $22.76 and its 200-day moving average price is $23.05. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.10. Midland States Bancorp, Inc. has a 12 month low of $19.85 and a 12 month high of $28.47.

Midland States Bancorp (NASDAQ:MSBI) last released its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.20 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.52). The company had revenue of $120.95 million during the quarter, compared to analysts’ expectations of $74.90 million. Midland States Bancorp had a return on equity of 9.24% and a net margin of 12.10%. During the same quarter in the prior year, the firm posted $0.87 EPS. On average, equities analysts expect that Midland States Bancorp, Inc. will post 1.99 EPS for the current year.

Midland States Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 16th were paid a $0.31 dividend. The ex-dividend date was Friday, August 16th. This represents a $1.24 annualized dividend and a dividend yield of 5.50%. Midland States Bancorp’s payout ratio is presently 42.18%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on MSBI shares. Keefe, Bruyette & Woods lowered their price target on Midland States Bancorp from $26.00 to $24.00 and set a “market perform” rating on the stock in a research report on Monday, July 29th. Piper Sandler lifted their price objective on Midland States Bancorp from $24.50 to $27.00 and gave the stock a “neutral” rating in a report on Tuesday, July 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.