UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 9,953 Shares of Midland States Bancorp, Inc. (NASDAQ:MSBI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Midland States Bancorp, Inc. (NASDAQ:MSBI) by 51.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,370 shares of the financial services provider’s stock after purchasing an additional 9,953 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.14% of Midland States Bancorp worth $657,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. BNP Paribas Financial Markets increased its position in shares of Midland States Bancorp by 76.2% in the third quarter. BNP Paribas Financial Markets now owns 48,333 shares of the financial services provider’s stock valued at $1,082,000 after acquiring an additional 20,900 shares during the last quarter. FMR LLC increased its position in shares of Midland States Bancorp by 13.8% during the 3rd quarter. FMR LLC now owns 21,999 shares of the financial services provider’s stock worth $492,000 after purchasing an additional 2,669 shares during the last quarter. Quantbot Technologies LP raised its stake in shares of Midland States Bancorp by 25.8% during the 3rd quarter. Quantbot Technologies LP now owns 2,475 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 507 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of Midland States Bancorp in the 3rd quarter valued at approximately $148,000. Finally, Thrivent Financial for Lutherans boosted its holdings in shares of Midland States Bancorp by 4.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 71,667 shares of the financial services provider’s stock valued at $1,604,000 after buying an additional 3,027 shares during the last quarter. Institutional investors own 60.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Piper Sandler raised their target price on shares of Midland States Bancorp from $26.00 to $27.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Keefe, Bruyette & Woods upped their price objective on Midland States Bancorp from $24.00 to $28.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Finally, StockNews.com downgraded Midland States Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, November 22nd.

Midland States Bancorp Price Performance

Shares of NASDAQ MSBI opened at $24.60 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.91 and a quick ratio of 0.91. Midland States Bancorp, Inc. has a fifty-two week low of $20.54 and a fifty-two week high of $28.47. The stock has a market capitalization of $526.46 million, a PE ratio of 10.65 and a beta of 0.75. The business has a fifty day moving average price of $25.70 and a two-hundred day moving average price of $23.59.

Midland States Bancorp (NASDAQ:MSBI) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.11. Midland States Bancorp had a net margin of 12.13% and a return on equity of 8.90%. The business had revenue of $124.17 million for the quarter, compared to analyst estimates of $72.90 million. During the same quarter last year, the business posted $0.78 EPS. As a group, equities analysts predict that Midland States Bancorp, Inc. will post 2.16 earnings per share for the current fiscal year.

Midland States Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Monday, November 18th were issued a $0.31 dividend. The ex-dividend date was Monday, November 18th. This represents a $1.24 dividend on an annualized basis and a yield of 5.04%. Midland States Bancorp’s payout ratio is presently 53.68%.

Insider Activity

In other news, CEO Jeffrey G. Ludwig sold 12,753 shares of the stock in a transaction dated Tuesday, October 29th. The stock was 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 owns 343,935 shares of the company’s stock, valued at approximately $8,433,286.20. This represents a 3.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 5.60% of the stock is currently owned by insiders.

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.