Dimensional Fund Advisors LP Sells 23,925 Shares of Midland States Bancorp, Inc. (NASDAQ:MSBI)

Dimensional Fund Advisors LP trimmed its position in shares of Midland States Bancorp, Inc. (NASDAQ:MSBI) by 1.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,370,217 shares of the financial services provider’s stock after selling 23,925 shares during the period. Dimensional Fund Advisors LP owned approximately 6.38% of Midland States Bancorp worth $31,035,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Acadian Asset Management LLC bought a new stake in Midland States Bancorp during the 1st quarter valued at approximately $1,106,000. Janney Montgomery Scott LLC acquired a new stake in shares of Midland States Bancorp in the first quarter worth $581,000. Midland Wealth Advisors LLC bought a new position in Midland States Bancorp during the fourth quarter worth $1,573,000. American Century Companies Inc. raised its stake in Midland States Bancorp by 16.0% during the 2nd quarter. American Century Companies Inc. now owns 402,092 shares of the financial services provider’s stock valued at $9,107,000 after purchasing an additional 55,555 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in Midland States Bancorp by 5.7% during the 4th quarter. Wellington Management Group LLP now owns 132,424 shares of the financial services provider’s stock valued at $3,650,000 after purchasing an additional 7,103 shares during the last quarter. 60.93% of the stock is owned by institutional investors and hedge funds.

Midland States Bancorp Stock Down 3.1 %

Shares of MSBI stock opened at $21.68 on Wednesday. The stock has a market cap of $465.73 million, a P/E ratio of 7.37 and a beta of 0.76. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a fifty day moving average price of $22.43 and a 200 day moving average price of $22.96. Midland States Bancorp, Inc. has a one year low of $19.85 and a one year 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 analysts’ consensus estimates of $0.72 by ($0.52). The business had revenue of $120.95 million for the quarter, compared to the consensus estimate 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 period in the previous year, the business posted $0.87 earnings per share. Analysts predict that Midland States Bancorp, Inc. will post 1.99 earnings per share for the current year.

Midland States Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 16th were issued a $0.31 dividend. The ex-dividend date was Friday, August 16th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 5.72%. Midland States Bancorp’s payout ratio is presently 42.18%.

Analyst Upgrades and Downgrades

MSBI has been the topic of several research analyst reports. Keefe, Bruyette & Woods decreased their price target on shares of 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 target price on Midland States Bancorp from $24.50 to $27.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th.

About Midland States Bancorp

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.