KLP Kapitalforvaltning AS Acquires Shares of 17,900 Midland States Bancorp, Inc. (NASDAQ:MSBI)

KLP Kapitalforvaltning AS bought a new position in shares of Midland States Bancorp, Inc. (NASDAQ:MSBI) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 17,900 shares of the financial services provider’s stock, valued at approximately $437,000. KLP Kapitalforvaltning AS owned about 0.08% of Midland States Bancorp as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Jacobs Levy Equity Management Inc. grew its stake in 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 worth $1,996,000 after purchasing an additional 21,416 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Midland States Bancorp by 51.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 29,370 shares of the financial services provider’s stock worth $657,000 after buying an additional 9,953 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Midland States Bancorp in the 4th quarter worth approximately $356,000. JPMorgan Chase & Co. increased its holdings in shares of Midland States Bancorp by 52.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 110,306 shares of the financial services provider’s stock valued at $2,469,000 after acquiring an additional 37,889 shares during the last quarter. Finally, Barclays PLC raised its position in shares of Midland States Bancorp by 55.2% during the 3rd quarter. Barclays PLC now owns 65,384 shares of the financial services provider’s stock valued at $1,463,000 after acquiring an additional 23,242 shares in the last quarter. Institutional investors and hedge funds own 60.93% of the company’s stock.

Midland States Bancorp Trading Up 1.1 %

Shares of NASDAQ:MSBI opened at $16.02 on Friday. 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 stock has a market capitalization of $342.84 million, a PE ratio of -15.26 and a beta of 0.58. Midland States Bancorp, Inc. has a 1 year low of $15.21 and a 1 year high of $28.08. The firm has a fifty day moving average price of $18.71 and a 200 day moving average price of $22.51.

Midland States Bancorp (NASDAQ:MSBI) last announced 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 return on equity of 1.95% and a negative net margin of 2.74%. Analysts expect that Midland States Bancorp, Inc. will post 2.53 EPS for the current fiscal year.

Midland States Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 14th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 7.74%. The ex-dividend date was Friday, February 14th. Midland States Bancorp’s dividend payout ratio (DPR) is -118.10%.

Analyst Ratings Changes

A number of equities analysts have commented on MSBI shares. StockNews.com downgraded Midland States Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, January 24th. DA Davidson reduced their price objective on Midland States Bancorp from $27.00 to $21.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. Piper Sandler lowered their price objective on Midland States Bancorp from $28.50 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday, January 28th. Finally, Keefe, Bruyette & Woods cut their target price on Midland States Bancorp from $28.00 to $23.00 and set a “market perform” rating on the stock 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.com, the company presently has a consensus rating of “Hold” and a consensus target price of $23.50.

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.