Empowered Funds LLC Lowers Stock Holdings in Midland States Bancorp, Inc. (NASDAQ:MSBI)

Empowered Funds LLC lowered its stake in Midland States Bancorp, Inc. (NASDAQ:MSBI) by 23.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 56,500 shares of the financial services provider’s stock after selling 17,151 shares during the period. Empowered Funds LLC owned 0.26% of Midland States Bancorp worth $1,379,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Point72 DIFC Ltd purchased a new stake in shares of Midland States Bancorp in the third quarter worth $31,000. R Squared Ltd bought a new position in Midland States Bancorp in the 4th quarter worth about $39,000. Point72 Asset Management L.P. purchased a new stake in Midland States Bancorp during the 3rd quarter valued at about $45,000. Quantbot Technologies LP increased its stake in Midland States Bancorp by 25.8% during the 3rd quarter. Quantbot Technologies LP now owns 2,475 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 507 shares in the last quarter. Finally, US Bancorp DE raised its holdings 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 buying an additional 2,229 shares during the last quarter. Hedge funds and other institutional investors own 60.93% of the company’s stock.

Midland States Bancorp Trading Down 1.7 %

Shares of MSBI stock opened at $19.33 on Monday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.79. Midland States Bancorp, Inc. has a 12-month low of $18.55 and a 12-month high of $28.08. The stock has a market capitalization of $413.66 million, a P/E ratio of -18.41 and a beta of 0.73. The firm’s 50 day moving average is $23.05 and its 200 day moving average is $23.41.

Midland States Bancorp (NASDAQ:MSBI) last released its quarterly earnings results on Thursday, January 23rd. The financial services provider reported ($2.52) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($3.19). Midland States Bancorp had a negative return on equity of 1.95% and a negative net margin of 2.74%. Research analysts expect that Midland States Bancorp, Inc. will post 2.53 earnings per share for the current year.

Midland States Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 14th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 6.41%. The ex-dividend date of this dividend is Friday, February 14th. Midland States Bancorp’s payout ratio is currently -118.10%.

Analyst Ratings Changes

A number of research firms have recently commented on MSBI. StockNews.com cut shares of Midland States Bancorp from a “buy” rating to a “hold” rating in a report on Friday, January 24th. Keefe, Bruyette & Woods reduced their target price on 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. DA Davidson decreased their price target on Midland States Bancorp from $27.00 to $21.00 and set a “neutral” rating for the company in a research note on Tuesday, January 28th. Finally, Piper Sandler dropped their price objective on Midland States Bancorp from $28.50 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 28th. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat, Midland States Bancorp has a consensus rating of “Hold” and a consensus target price 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.