Bank of Montreal Can Acquires New Holdings in Midland States Bancorp, Inc. (NASDAQ:MSBI)

Bank of Montreal Can bought a new position in shares of Midland States Bancorp, Inc. (NASDAQ:MSBI) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 59,302 shares of the financial services provider’s stock, valued at approximately $1,350,000. Bank of Montreal Can owned 0.28% of Midland States Bancorp as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in MSBI. Campbell & CO Investment Adviser LLC bought a new stake in shares of Midland States Bancorp during the 4th quarter worth $562,000. Midland Wealth Advisors LLC acquired a new stake in shares of Midland States Bancorp in the fourth quarter valued at about $1,573,000. Wellington Management Group LLP grew its position in shares of Midland States Bancorp by 5.7% in the fourth 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. Los Angeles Capital Management LLC increased its stake in shares of Midland States Bancorp by 9.0% in the first quarter. Los Angeles Capital Management LLC now owns 18,575 shares of the financial services provider’s stock worth $467,000 after purchasing an additional 1,532 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in shares of Midland States Bancorp by 60.1% during the 1st quarter. BNP Paribas Financial Markets now owns 20,702 shares of the financial services provider’s stock worth $520,000 after purchasing an additional 7,770 shares during the last quarter. Institutional investors own 60.93% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on MSBI shares. Piper Sandler raised their target price on Midland States Bancorp from $24.50 to $27.00 and gave the company a “neutral” rating in a report on Tuesday, July 30th. Keefe, Bruyette & Woods lowered their price objective on shares of Midland States Bancorp from $26.00 to $24.00 and set a “market perform” rating on the stock in a research note on Monday, July 29th.

Midland States Bancorp Stock Up 1.3 %

NASDAQ MSBI opened at $21.70 on Friday. Midland States Bancorp, Inc. has a twelve month low of $19.96 and a twelve month high of $28.47. The stock has a market cap of $466.16 million, a PE ratio of 7.38 and a beta of 0.75. The firm has a 50-day simple moving average of $22.12 and a 200 day simple moving average of $22.91. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.95 and a current ratio of 0.95.

Midland States Bancorp (NASDAQ:MSBI) last announced 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). Midland States Bancorp had a return on equity of 9.24% and a net margin of 12.10%. The firm had revenue of $120.95 million during the quarter, compared to the consensus estimate of $74.90 million. During the same quarter in the prior year, the business posted $0.87 EPS. On average, research analysts forecast that Midland States Bancorp, Inc. will post 1.99 EPS for the current year.

Midland States Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 16th were paid a dividend of $0.31 per share. The ex-dividend date was Friday, August 16th. This represents a $1.24 dividend on an annualized basis and a yield of 5.71%. Midland States Bancorp’s dividend payout ratio is currently 42.18%.

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.