Teacher Retirement System of Texas Purchases New Position in Midland States Bancorp, Inc. (NASDAQ:MSBI)

Teacher Retirement System of Texas acquired a new position in shares of Midland States Bancorp, Inc. (NASDAQ:MSBI) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 10,672 shares of the financial services provider’s stock, valued at approximately $260,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Hotchkis & Wiley Capital Management LLC bought a new position in shares of Midland States Bancorp during the 3rd quarter worth $5,764,000. Dana Investment Advisors Inc. purchased a new stake in Midland States Bancorp in the fourth quarter worth about $1,382,000. Bank of New York Mellon Corp grew its holdings in Midland States Bancorp by 36.9% during the 4th quarter. Bank of New York Mellon Corp now owns 209,244 shares of the financial services provider’s stock worth $5,106,000 after acquiring an additional 56,441 shares in the last quarter. JPMorgan Chase & Co. increased its position in Midland States Bancorp by 52.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 110,306 shares of the financial services provider’s stock valued at $2,469,000 after purchasing an additional 37,889 shares during the period. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of Midland States Bancorp in the 4th quarter valued at about $757,000. 60.93% of the stock is owned by institutional investors.

Midland States Bancorp Trading Up 0.5 %

NASDAQ:MSBI opened at $17.20 on Wednesday. The stock has a market capitalization of $368.10 million, a price-to-earnings ratio of -16.38 and a beta of 0.71. Midland States Bancorp, Inc. has a 52 week low of $16.85 and a 52 week high of $28.08. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.79. The firm has a 50 day moving average of $19.12 and a 200 day moving average of $22.64.

Midland States Bancorp (NASDAQ:MSBI) last issued its quarterly earnings data on Thursday, January 23rd. The financial services provider reported ($2.52) EPS for the quarter, missing the consensus estimate 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%. As a group, sell-side analysts anticipate that Midland States Bancorp, Inc. will post 2.53 earnings per share for the current fiscal year.

Midland States Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 14th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 7.21%. The ex-dividend date was Friday, February 14th. Midland States Bancorp’s dividend payout ratio is presently -118.10%.

Analyst Upgrades and Downgrades

MSBI has been the topic of a number of recent research reports. DA Davidson dropped their price objective on shares of 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. StockNews.com cut Midland States Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, January 24th. Piper Sandler reduced their price target on Midland States Bancorp from $28.50 to $23.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. Finally, Keefe, Bruyette & Woods decreased their price objective on 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. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $23.50.

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.