AQR Capital Management LLC Has $1.56 Million Stock Holdings in Midland States Bancorp, Inc. (NASDAQ:MSBI)

AQR Capital Management LLC trimmed its position in Midland States Bancorp, Inc. (NASDAQ:MSBI) by 35.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,731 shares of the financial services provider’s stock after selling 37,136 shares during the quarter. AQR Capital Management LLC owned 0.32% of Midland States Bancorp worth $1,557,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rhumbline Advisers grew its holdings in shares of Midland States Bancorp by 2.1% during the 2nd quarter. Rhumbline Advisers now owns 33,607 shares of the financial services provider’s stock worth $761,000 after purchasing an additional 683 shares in the last quarter. Los Angeles Capital Management LLC grew its holdings in shares of Midland States Bancorp by 9.0% during the 1st quarter. Los Angeles Capital Management LLC now owns 18,575 shares of the financial services provider’s stock worth $467,000 after purchasing an additional 1,532 shares in the last quarter. EntryPoint Capital LLC acquired a new stake in shares of Midland States Bancorp during the 1st quarter worth $42,000. Hsbc Holdings PLC grew its holdings in shares of Midland States Bancorp by 9.9% during the 2nd quarter. Hsbc Holdings PLC now owns 28,562 shares of the financial services provider’s stock worth $652,000 after purchasing an additional 2,562 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in shares of Midland States Bancorp by 6.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 68,640 shares of the financial services provider’s stock worth $1,554,000 after purchasing an additional 3,976 shares in the last quarter. 60.93% of the stock is owned by institutional investors and hedge funds.

Midland States Bancorp Price Performance

Shares of MSBI stock opened at $21.98 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.10. Midland States Bancorp, Inc. has a twelve month low of $19.96 and a twelve month high of $28.47. The company has a market cap of $472.17 million, a P/E ratio of 7.48 and a beta of 0.75. The business has a fifty day simple moving average of $22.01 and a 200 day simple moving average of $22.85.

Midland States Bancorp (NASDAQ:MSBI) last announced its quarterly earnings data 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). Midland States Bancorp had a return on equity of 9.24% and a net margin of 12.10%. The business had revenue of $120.95 million for the quarter, compared to the consensus estimate of $74.90 million. During the same quarter in the prior year, the company earned $0.87 earnings per share. On average, sell-side analysts forecast that Midland States Bancorp, Inc. will post 1.99 EPS for the current fiscal year.

Midland States Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 16th were given a $0.31 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.24 annualized dividend and a yield of 5.64%. Midland States Bancorp’s dividend payout ratio is presently 42.18%.

Wall Street Analysts Forecast Growth

MSBI has been the topic of several analyst reports. Piper Sandler increased their target price on 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 reduced their target price on Midland States Bancorp from $26.00 to $24.00 and set a “market perform” rating on the stock in a 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.