Dimensional Fund Advisors LP trimmed its position in shares of Midland States Bancorp, Inc. (NASDAQ:MSBI – Free Report) by 1.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,370,217 shares of the financial services provider’s stock after selling 23,925 shares during the period. Dimensional Fund Advisors LP owned approximately 6.38% of Midland States Bancorp worth $31,035,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Acadian Asset Management LLC bought a new stake in Midland States Bancorp during the 1st quarter valued at approximately $1,106,000. Janney Montgomery Scott LLC acquired a new stake in shares of Midland States Bancorp in the first quarter worth $581,000. Midland Wealth Advisors LLC bought a new position in Midland States Bancorp during the fourth quarter worth $1,573,000. American Century Companies Inc. raised its stake in Midland States Bancorp by 16.0% during the 2nd quarter. American Century Companies Inc. now owns 402,092 shares of the financial services provider’s stock valued at $9,107,000 after purchasing an additional 55,555 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in Midland States Bancorp by 5.7% during the 4th quarter. Wellington Management Group LLP now owns 132,424 shares of the financial services provider’s stock valued at $3,650,000 after purchasing an additional 7,103 shares during the last quarter. 60.93% of the stock is owned by institutional investors and hedge funds.
Midland States Bancorp Stock Down 3.1 %
Shares of MSBI stock opened at $21.68 on Wednesday. The stock has a market cap of $465.73 million, a P/E ratio of 7.37 and a beta of 0.76. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.95 and a quick ratio of 0.95. The stock has a fifty day moving average price of $22.43 and a 200 day moving average price of $22.96. Midland States Bancorp, Inc. has a one year low of $19.85 and a one year high of $28.47.
Midland States Bancorp Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 16th were issued a $0.31 dividend. The ex-dividend date was Friday, August 16th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 5.72%. Midland States Bancorp’s payout ratio is presently 42.18%.
Analyst Upgrades and Downgrades
MSBI has been the topic of several research analyst reports. Keefe, Bruyette & Woods decreased their price target on shares of Midland States Bancorp from $26.00 to $24.00 and set a “market perform” rating on the stock in a research report on Monday, July 29th. Piper Sandler lifted their target price on Midland States Bancorp from $24.50 to $27.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 30th.
Get Our Latest Research Report on Midland States Bancorp
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.
Featured Articles
- Five stocks we like better than Midland States Bancorp
- Stock Market Sectors: What Are They and How Many Are There?
- Why Lennar Stock Could Be the Best Play in the Housing Market
- How to Invest in Tech Stocks and Top Tech Stocks to Consider
- 2 Energy Stocks Fueling the AI Datacenter Boom
- How to Calculate Retirement Income: MarketBeat’s Calculator
- Will Marinus Pharmaceuticals Be the Next Big Winner in Biotech?
Want to see what other hedge funds are holding MSBI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Midland States Bancorp, Inc. (NASDAQ:MSBI – Free Report).
Receive News & Ratings for Midland States Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Midland States Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.