Barclays PLC Has $1.46 Million Position in Midland States Bancorp, Inc. (NASDAQ:MSBI)

Barclays PLC increased its holdings in shares of Midland States Bancorp, Inc. (NASDAQ:MSBI) by 55.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 65,384 shares of the financial services provider’s stock after purchasing an additional 23,242 shares during the period. Barclays PLC owned approximately 0.31% of Midland States Bancorp worth $1,463,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Quantbot Technologies LP grew its position in Midland States Bancorp by 25.8% during the third quarter. Quantbot Technologies LP now owns 2,475 shares of the financial services provider’s stock worth $55,000 after buying an additional 507 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Midland States Bancorp by 2.1% during the 2nd quarter. Rhumbline Advisers now owns 33,607 shares of the financial services provider’s stock worth $761,000 after purchasing an additional 683 shares in the last quarter. Point72 DIFC Ltd bought a new stake in shares of Midland States Bancorp during the third quarter valued at approximately $31,000. Point72 Asset Management L.P. acquired a new stake in shares of Midland States Bancorp during the 3rd quarter valued at about $45,000. Finally, US Bancorp DE grew its stake in shares of Midland States Bancorp by 141.6% in the 3rd quarter. US Bancorp DE now owns 3,803 shares of the financial services provider’s stock valued at $85,000 after purchasing an additional 2,229 shares during the period. 60.93% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on MSBI shares. StockNews.com cut Midland States Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, November 22nd. Piper Sandler increased 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 shares of 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.

Midland States Bancorp Stock Down 3.9 %

Shares of Midland States Bancorp stock opened at $22.67 on Monday. Midland States Bancorp, Inc. has a 1 year low of $20.54 and a 1 year high of $28.10. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market capitalization of $485.16 million, a P/E ratio of 9.81 and a beta of 0.76. The business has a 50-day moving average of $25.77 and a two-hundred day moving average of $23.82.

Midland States Bancorp (NASDAQ:MSBI) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $124.17 million for the quarter, compared to the consensus estimate 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 EPS for the current year.

Midland States Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Monday, November 18th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 5.47%. The ex-dividend date of this dividend was Monday, November 18th. Midland States Bancorp’s dividend payout ratio (DPR) is 53.68%.

Insider Activity at Midland States Bancorp

In related news, CEO Jeffrey G. Ludwig sold 12,753 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $24.52, for a total transaction of $312,703.56. Following the transaction, the chief executive officer now directly owns 343,935 shares of the company’s stock, valued at approximately $8,433,286.20. The trade was a 3.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.60% of the stock is owned by company 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.