Federated Hermes Inc. Decreases Holdings in Midland States Bancorp, Inc. (NASDAQ:MSBI)

Federated Hermes Inc. decreased its holdings in Midland States Bancorp, Inc. (NASDAQ:MSBI) by 38.2% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 25,357 shares of the financial services provider’s stock after selling 15,652 shares during the period. Federated Hermes Inc. owned approximately 0.12% of Midland States Bancorp worth $574,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Rhumbline Advisers grew its stake in shares of Midland States Bancorp by 2.1% during the second quarter. Rhumbline Advisers now owns 33,607 shares of the financial services provider’s stock valued at $761,000 after buying an additional 683 shares during the last quarter. Quadrant Capital Group LLC lifted its position in Midland States Bancorp by 176.2% in the fourth quarter. Quadrant Capital Group LLC now owns 1,425 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 909 shares during the last quarter. Los Angeles Capital Management LLC boosted its stake in shares of Midland States Bancorp by 9.0% during the first quarter. Los Angeles Capital Management LLC now owns 18,575 shares of the financial services provider’s stock valued at $467,000 after purchasing an additional 1,532 shares during the period. EntryPoint Capital LLC bought a new position in shares of Midland States Bancorp in the first quarter worth approximately $42,000. Finally, Empowered Funds LLC raised its holdings in Midland States Bancorp by 8.2% during the 1st quarter. Empowered Funds LLC now owns 64,859 shares of the financial services provider’s stock valued at $1,630,000 after buying an additional 4,900 shares during the last quarter. Institutional investors own 60.93% of the company’s stock.

Midland States Bancorp Trading Down 0.9 %

NASDAQ:MSBI opened at $22.35 on Tuesday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.10. Midland States Bancorp, Inc. has a 12 month low of $19.85 and a 12 month high of $28.47. The company has a 50-day moving average price of $22.73 and a 200-day moving average price of $23.03. The stock has a market cap of $480.12 million, a price-to-earnings ratio of 7.60 and a beta of 0.76.

Midland States Bancorp (NASDAQ:MSBI) last issued its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.52). The firm had revenue of $120.95 million during the quarter, compared to analysts’ expectations of $74.90 million. Midland States Bancorp had a return on equity of 9.24% and a net margin of 12.10%. During the same period in the previous year, the company earned $0.87 earnings per share. Equities analysts predict that Midland States Bancorp, Inc. will post 1.99 EPS for the current year.

Midland States Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 16th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 5.55%. The ex-dividend date was Friday, August 16th. Midland States Bancorp’s dividend payout ratio (DPR) is presently 42.18%.

Analyst Upgrades and Downgrades

MSBI has been the topic of a number of recent analyst reports. Piper Sandler raised their price target on shares of Midland States Bancorp from $24.50 to $27.00 and gave the stock a “neutral” rating in a report on Tuesday, July 30th. Keefe, Bruyette & Woods lowered their price target on Midland States Bancorp from $26.00 to $24.00 and set a “market perform” rating for the company in a research report on Monday, July 29th.

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.