Y Intercept Hong Kong Ltd Makes New $356,000 Investment in Midland States Bancorp, Inc. (NASDAQ:MSBI)

Y Intercept Hong Kong Ltd purchased a new position in shares of Midland States Bancorp, Inc. (NASDAQ:MSBI) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 14,578 shares of the financial services provider’s stock, valued at approximately $356,000. Y Intercept Hong Kong Ltd owned about 0.07% of Midland States Bancorp at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in MSBI. Point72 DIFC Ltd purchased a new stake in Midland States Bancorp during the third quarter worth approximately $31,000. R Squared Ltd acquired a new stake in shares of Midland States Bancorp in the 4th quarter valued at about $39,000. Point72 Asset Management L.P. purchased a new stake in Midland States Bancorp in the 3rd quarter valued at $45,000. Quantbot Technologies LP boosted its stake in 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 during the period. Finally, US Bancorp DE raised its stake in shares of Midland States Bancorp by 141.6% during the third quarter. US Bancorp DE now owns 3,803 shares of the financial services provider’s stock worth $85,000 after purchasing an additional 2,229 shares during the last quarter. 60.93% of the stock is owned by institutional investors and hedge funds.

Midland States Bancorp Stock Down 0.4 %

Shares of NASDAQ:MSBI opened at $19.31 on Tuesday. Midland States Bancorp, Inc. has a 12-month low of $18.55 and a 12-month high of $28.08. The stock’s 50-day moving average price is $21.73 and its two-hundred day moving average price is $23.27. 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 firm has a market cap of $413.25 million, a price-to-earnings ratio of -18.39 and a beta of 0.73.

Midland States Bancorp (NASDAQ:MSBI) last released its earnings results on Thursday, January 23rd. The financial services provider reported ($2.52) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($3.19). Midland States Bancorp had a negative net margin of 2.74% and a negative return on equity of 1.95%. On average, research analysts forecast that Midland States Bancorp, Inc. will post 2.53 EPS for the current year.

Midland States Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 14th were issued a $0.31 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.24 annualized dividend and a yield of 6.42%. Midland States Bancorp’s payout ratio is -118.10%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. StockNews.com cut shares of Midland States Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, January 24th. DA Davidson reduced their target price on Midland States Bancorp from $27.00 to $21.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 28th. Keefe, Bruyette & Woods cut their target price on shares of Midland States Bancorp from $28.00 to $23.00 and set a “market perform” rating for the company in a research note on Monday, January 27th. Finally, Piper Sandler decreased their target price on shares of Midland States Bancorp from $28.50 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 28th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $23.50.

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.