Barclays PLC Acquires 23,242 Shares of Midland States Bancorp, Inc. (NASDAQ:MSBI)

Barclays PLC grew its holdings in Midland States Bancorp, Inc. (NASDAQ:MSBI) by 55.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 65,384 shares of the financial services provider’s stock after acquiring an additional 23,242 shares during the quarter. Barclays PLC owned 0.31% of Midland States Bancorp worth $1,463,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of MSBI. Jane Street Group LLC raised its stake in Midland States Bancorp by 15.5% during the 3rd quarter. Jane Street Group LLC now owns 24,534 shares of the financial services provider’s stock valued at $549,000 after purchasing an additional 3,300 shares during the last quarter. State Street Corp increased its holdings in shares of Midland States Bancorp by 2.5% during the 3rd quarter. State Street Corp now owns 587,947 shares of the financial services provider’s stock worth $13,158,000 after purchasing an additional 14,157 shares during the period. Point72 DIFC Ltd acquired a new position in shares of Midland States Bancorp during the third quarter valued at about $31,000. Point72 Asset Management L.P. bought a new stake in shares of Midland States Bancorp in the third quarter valued at about $45,000. Finally, Jacobs Levy Equity Management Inc. lifted its stake in shares of Midland States Bancorp by 31.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 89,187 shares of the financial services provider’s stock valued at $1,996,000 after buying an additional 21,416 shares during the period. Institutional investors and hedge funds own 60.93% of the company’s stock.

Midland States Bancorp Stock Performance

NASDAQ:MSBI opened at $24.41 on Friday. The firm has a market capitalization of $522.40 million, a PE ratio of 10.57 and a beta of 0.75. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.79. Midland States Bancorp, Inc. has a 12-month low of $20.54 and a 12-month high of $28.39. The firm has a 50-day moving average price of $25.81 and a 200 day moving average price of $23.67.

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

Midland States Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Monday, November 18th were issued a dividend of $0.31 per share. The ex-dividend date was Monday, November 18th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 5.08%. Midland States Bancorp’s payout ratio is presently 53.68%.

Analyst Ratings Changes

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

Insider Activity

In related news, CEO Jeffrey G. Ludwig sold 12,753 shares of the stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $24.52, for a total transaction of $312,703.56. Following the completion of the sale, the chief executive officer now owns 343,935 shares in the company, valued at $8,433,286.20. This trade represents a 3.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 5.60% of the stock is owned by corporate insiders.

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.