SG Americas Securities LLC Purchases 4,576 Shares of Midland States Bancorp, Inc. (NASDAQ:MSBI)

SG Americas Securities LLC boosted its position in Midland States Bancorp, Inc. (NASDAQ:MSBI) by 47.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,214 shares of the financial services provider’s stock after acquiring an additional 4,576 shares during the quarter. SG Americas Securities LLC owned 0.07% of Midland States Bancorp worth $318,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Acadian Asset Management LLC purchased a new stake in Midland States Bancorp in the first quarter worth about $1,106,000. Janney Montgomery Scott LLC bought a new stake in shares of Midland States Bancorp during the 1st quarter valued at $581,000. American Century Companies Inc. lifted its stake in shares of 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 buying an additional 55,555 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of 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 buying an additional 7,103 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its stake 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 valued at $520,000 after buying an additional 7,770 shares in the last quarter. 60.93% of the stock is owned by institutional investors.

Midland States Bancorp Stock Performance

NASDAQ:MSBI opened at $23.77 on Friday. The company’s 50-day moving average price is $22.27 and its 200-day moving average price is $22.78. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.10. The company has a market cap of $510.63 million, a P/E ratio of 8.09 and a beta of 0.75. Midland States Bancorp, Inc. has a twelve month low of $19.96 and a twelve month high of $28.47.

Midland States Bancorp (NASDAQ:MSBI) last issued its earnings results 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 firm had revenue of $120.95 million for 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 period last year, the firm earned $0.87 earnings per share. On average, sell-side analysts forecast that Midland States Bancorp, Inc. will post 2 earnings per share for the current fiscal year.

Midland States Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 16th were given a $0.31 dividend. The ex-dividend date was Friday, August 16th. This represents a $1.24 annualized dividend and a yield of 5.22%. Midland States Bancorp’s dividend payout ratio (DPR) is 42.18%.

Wall Street Analyst Weigh In

Several brokerages recently commented on MSBI. Piper Sandler upped their price target on shares of 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 decreased their target price on shares of Midland States Bancorp from $26.00 to $24.00 and set a “market perform” rating for the company in a research report on Monday, July 29th.

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.