Jane Street Group LLC Purchases 3,300 Shares of Midland States Bancorp, Inc. (NASDAQ:MSBI)

Jane Street Group LLC grew its position in Midland States Bancorp, Inc. (NASDAQ:MSBI) by 15.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,534 shares of the financial services provider’s stock after acquiring an additional 3,300 shares during the quarter. Jane Street Group LLC owned 0.11% of Midland States Bancorp worth $549,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. State Street Corp lifted its position in shares of Midland States Bancorp by 2.5% in the 3rd quarter. State Street Corp now owns 587,947 shares of the financial services provider’s stock worth $13,158,000 after acquiring an additional 14,157 shares during the period. American Century Companies Inc. raised its holdings in shares of Midland States Bancorp by 16.0% in the 2nd quarter. American Century Companies Inc. now owns 402,092 shares of the financial services provider’s stock worth $9,107,000 after buying an additional 55,555 shares in the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Midland States Bancorp in the 3rd quarter worth approximately $5,764,000. Bank of New York Mellon Corp raised its holdings in shares of Midland States Bancorp by 6.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 165,615 shares of the financial services provider’s stock worth $3,751,000 after buying an additional 10,354 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its holdings in shares of Midland States Bancorp by 31.6% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 89,187 shares of the financial services provider’s stock worth $1,996,000 after buying an additional 21,416 shares in the last quarter. Institutional investors own 60.93% of the company’s stock.

Insider Activity

In other news, CEO Jeffrey G. Ludwig sold 12,753 shares of Midland States Bancorp stock in a transaction on 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 directly owns 343,935 shares of the company’s stock, valued at approximately $8,433,286.20. This trade represents a 3.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 5.60% of the company’s stock.

Midland States Bancorp Trading Up 0.2 %

MSBI stock opened at $23.88 on Monday. The business has a fifty day moving average price of $25.92 and a 200 day moving average price of $23.76. Midland States Bancorp, Inc. has a fifty-two week low of $20.54 and a fifty-two week high of $28.10. The stock has a market capitalization of $511.06 million, a price-to-earnings ratio of 10.34 and a beta of 0.76. 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 (NASDAQ:MSBI) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, beating the consensus estimate of $0.63 by $0.11. The company had revenue of $124.17 million during the quarter, compared to analysts’ expectations 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 last year, the firm earned $0.78 EPS. Analysts expect that Midland States Bancorp, Inc. will post 2.16 EPS for the current fiscal year.

Midland States Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Monday, November 18th were paid a $0.31 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.24 annualized dividend and a dividend yield of 5.19%. Midland States Bancorp’s dividend payout ratio (DPR) is currently 53.68%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on MSBI shares. StockNews.com cut Midland States Bancorp from a “buy” rating to a “hold” rating in a report on Friday, November 22nd. Piper Sandler raised 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. Finally, Keefe, Bruyette & Woods raised their price target on Midland States Bancorp from $24.00 to $28.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th.

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.