US Bancorp DE Grows Stock Holdings in Midland States Bancorp, Inc. (NASDAQ:MSBI)

US Bancorp DE raised its position in shares of Midland States Bancorp, Inc. (NASDAQ:MSBI) by 141.6% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,803 shares of the financial services provider’s stock after acquiring an additional 2,229 shares during the period. US Bancorp DE’s holdings in Midland States Bancorp were worth $85,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. BNP Paribas Financial Markets lifted its stake in Midland States Bancorp by 60.1% in the first quarter. BNP Paribas Financial Markets now owns 20,702 shares of the financial services provider’s stock worth $520,000 after acquiring an additional 7,770 shares during the period. Janney Montgomery Scott LLC acquired a new stake in Midland States Bancorp during the first quarter worth about $581,000. Russell Investments Group Ltd. grew its position in Midland States Bancorp by 7.4% during the first quarter. Russell Investments Group Ltd. now owns 92,589 shares of the financial services provider’s stock valued at $2,327,000 after buying an additional 6,371 shares during the period. Acadian Asset Management LLC purchased a new position in Midland States Bancorp during the first quarter worth approximately $1,106,000. Finally, EntryPoint Capital LLC purchased a new position in Midland States Bancorp during the first quarter valued at $42,000. 60.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Midland States Bancorp news, CEO Jeffrey G. Ludwig sold 12,753 shares of the company’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $24.52, for a total value of $312,703.56. Following the completion of the sale, the chief executive officer now directly owns 343,935 shares of the company’s stock, valued at approximately $8,433,286.20. This represents a 3.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 5.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. StockNews.com raised Midland States Bancorp from a “hold” rating to a “buy” rating in a report on Thursday. Keefe, Bruyette & Woods lowered their price objective on 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. Finally, Piper Sandler upped their price target on Midland States Bancorp from $26.00 to $27.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th.

Midland States Bancorp Stock Up 0.0 %

Shares of NASDAQ:MSBI opened at $26.71 on Friday. Midland States Bancorp, Inc. has a 12-month low of $20.54 and a 12-month high of $28.47. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.79. The stock’s 50-day moving average price is $23.53 and its two-hundred day moving average price is $23.02. The firm has a market cap of $571.59 million, a price-to-earnings ratio of 11.56 and a beta of 0.74.

Midland States Bancorp (NASDAQ:MSBI) last issued its earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.11. Midland States Bancorp had a return on equity of 8.90% and a net margin of 12.13%. The company had revenue of $124.17 million during the quarter, compared to the consensus estimate of $72.90 million. During the same quarter in the prior year, the business earned $0.78 earnings per share. On average, research analysts forecast that Midland States Bancorp, Inc. will post 2.16 EPS for the current year.

Midland States Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Monday, November 18th will be given a $0.31 dividend. The ex-dividend date is Monday, November 18th. This represents a $1.24 annualized dividend and a yield of 4.64%. Midland States Bancorp’s dividend payout ratio is presently 53.68%.

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.