Quantbot Technologies LP Has $55,000 Stock Position in Midland States Bancorp, Inc. (NASDAQ:MSBI)

Quantbot Technologies LP lifted its position in shares of Midland States Bancorp, Inc. (NASDAQ:MSBI) by 25.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,475 shares of the financial services provider’s stock after purchasing an additional 507 shares during the quarter. Quantbot Technologies LP’s holdings in Midland States Bancorp were worth $55,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Quest Partners LLC bought a new position in Midland States Bancorp in the third quarter worth $148,000. Thrivent Financial for Lutherans lifted its holdings in shares of Midland States Bancorp by 4.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 71,667 shares of the financial services provider’s stock worth $1,604,000 after acquiring an additional 3,027 shares during the period. Empowered Funds LLC boosted its position in shares of Midland States Bancorp by 5.4% during the 3rd quarter. Empowered Funds LLC now owns 73,651 shares of the financial services provider’s stock valued at $1,648,000 after acquiring an additional 3,752 shares in the last quarter. Summit Global Investments bought a new stake in Midland States Bancorp in the third quarter valued at about $251,000. Finally, US Bancorp DE raised its position in Midland States Bancorp by 141.6% in the third quarter. US Bancorp DE now owns 3,803 shares of the financial services provider’s stock worth $85,000 after purchasing an additional 2,229 shares in the last quarter. 60.93% of the stock is currently owned by institutional investors.

Midland States Bancorp Stock Performance

NASDAQ MSBI opened at $26.94 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 company has a 50 day moving average of $24.89 and a 200-day moving average of $23.37. The firm has a market cap of $576.52 million, a price-to-earnings ratio of 11.66 and a beta of 0.75. Midland States Bancorp, Inc. has a 1-year low of $20.54 and a 1-year high of $28.47.

Midland States Bancorp (NASDAQ:MSBI) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, beating the consensus estimate of $0.63 by $0.11. The company had revenue of $124.17 million during the quarter, compared to the consensus estimate of $72.90 million. Midland States Bancorp had a return on equity of 8.90% and a net margin of 12.13%. During the same quarter in the prior year, the firm posted $0.78 EPS. On average, equities analysts forecast that Midland States Bancorp, Inc. will post 2.16 earnings per share for the current fiscal year.

Midland States Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Monday, November 18th were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.24 annualized dividend and a dividend yield of 4.60%. Midland States Bancorp’s dividend payout ratio is presently 53.68%.

Insider Activity

In other Midland States Bancorp news, CEO Jeffrey G. Ludwig sold 12,753 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $24.52, for a total value of $312,703.56. Following the sale, the chief executive officer now owns 343,935 shares in the company, valued at $8,433,286.20. This represents a 3.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 5.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MSBI. StockNews.com lowered Midland States Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, November 22nd. Keefe, Bruyette & Woods upped their price target on Midland States Bancorp from $24.00 to $28.00 and gave the company a “market perform” rating in a research report on Wednesday. Finally, Piper Sandler lifted their price objective on Midland States Bancorp from $26.00 to $27.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th.

Midland States Bancorp 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.