SG Americas Securities LLC Has $398,000 Holdings in Midland States Bancorp, Inc. (NASDAQ:MSBI)

SG Americas Securities LLC grew its position in shares of Midland States Bancorp, Inc. (NASDAQ:MSBI) by 14.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,317 shares of the financial services provider’s stock after purchasing an additional 2,103 shares during the quarter. SG Americas Securities LLC owned about 0.08% of Midland States Bancorp worth $398,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Jacobs Levy Equity Management Inc. raised its stake in Midland States Bancorp by 31.6% during 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 buying an additional 21,416 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew 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 acquiring an additional 9,953 shares during the period. JPMorgan Chase & Co. lifted its stake 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 purchasing an additional 37,889 shares during the period. Barclays PLC boosted 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 purchasing an additional 23,242 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Midland States Bancorp by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 511,936 shares of the financial services provider’s stock valued at $11,460,000 after purchasing an additional 2,294 shares in the last quarter. Institutional investors and hedge funds own 60.93% of the company’s stock.

Midland States Bancorp Price Performance

Shares of NASDAQ:MSBI opened at $19.26 on Monday. Midland States Bancorp, Inc. has a twelve month low of $18.75 and a twelve month high of $28.08. The stock’s 50 day moving average is $24.54 and its 200-day moving average is $23.78. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $412.18 million, a price-to-earnings ratio of -18.34 and a beta of 0.76.

Midland States Bancorp (NASDAQ:MSBI) last announced its quarterly earnings results on Thursday, January 23rd. The financial services provider reported ($2.52) EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($3.19). Midland States Bancorp had a negative net margin of 2.74% and a negative return on equity of 1.95%. Sell-side analysts forecast that Midland States Bancorp, Inc. will post 2.5 EPS for the current fiscal year.

Midland States Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Monday, November 18th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 6.44%. The ex-dividend date of this dividend was Monday, November 18th. Midland States Bancorp’s dividend payout ratio is currently -118.10%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on MSBI shares. StockNews.com lowered Midland States Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, January 24th. DA Davidson dropped their target price on shares of Midland States Bancorp from $27.00 to $21.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 28th. Keefe, Bruyette & Woods reduced their price target on shares of Midland States Bancorp from $28.00 to $23.00 and set a “market perform” rating for the company in a report on Monday, January 27th. Finally, Piper Sandler dropped their price objective on shares of Midland States Bancorp from $28.50 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, January 28th. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Midland States Bancorp presently has a consensus rating of “Hold” and an average price target of $23.50.

Midland States Bancorp Company 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.