Monarch Partners Asset Management LLC raised its stake in Midland States Bancorp, Inc. (NASDAQ:MSBI) by 30.7% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 17,359 shares of the financial services provider’s stock after buying an additional 4,080 shares during the quarter. Monarch Partners Asset Management LLC owned approximately 0.09% of Midland States Bancorp worth $550,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Parametric Portfolio Associates LLC grew its holdings in Midland States Bancorp by 2.0% during the first quarter. Parametric Portfolio Associates LLC now owns 11,814 shares of the financial services provider’s stock worth $406,000 after acquiring an additional 236 shares during the period. JPMorgan Chase & Co. increased its stake in Midland States Bancorp by 40.6% in the 1st quarter. JPMorgan Chase & Co. now owns 64,139 shares of the financial services provider’s stock worth $2,206,000 after purchasing an additional 18,521 shares in the last quarter. OppenheimerFunds Inc. increased its stake in Midland States Bancorp by 83.0% in the 1st quarter. OppenheimerFunds Inc. now owns 17,531 shares of the financial services provider’s stock worth $603,000 after purchasing an additional 7,952 shares in the last quarter. FMR LLC increased its stake in Midland States Bancorp by 1.0% in the 1st quarter. FMR LLC now owns 699,318 shares of the financial services provider’s stock worth $24,049,000 after purchasing an additional 7,151 shares in the last quarter. Finally, TIAA CREF Investment Management LLC increased its stake in Midland States Bancorp by 18.4% in the 1st quarter. TIAA CREF Investment Management LLC now owns 32,652 shares of the financial services provider’s stock worth $1,123,000 after purchasing an additional 5,063 shares in the last quarter. Institutional investors and hedge funds own 46.09% of the company’s stock.
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In other Midland States Bancorp news, Director John M. Schultz sold 2,000 shares of Midland States Bancorp stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $30.68, for a total transaction of $61,360.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have sold a total of 6,000 shares of company stock worth $189,320 over the last ninety days. Company insiders own 14.90% of the company’s stock.
Shares of Midland States Bancorp, Inc. (NASDAQ:MSBI) opened at $31.25 on Friday. The stock has a market capitalization of $593.78 and a P/E ratio of 13.54. Midland States Bancorp, Inc. has a 1 year low of $28.09 and a 1 year high of $37.58. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 1.32.
Midland States Bancorp (NASDAQ:MSBI) last announced its earnings results on Thursday, October 26th. The financial services provider reported $0.49 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.09). The company had revenue of $52.17 million for the quarter, compared to analyst estimates of $55.20 million. Midland States Bancorp had a return on equity of 10.22% and a net margin of 11.90%. analysts predict that Midland States Bancorp, Inc. will post 1.71 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Friday, November 17th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend is Thursday, November 16th. Midland States Bancorp’s payout ratio is presently 54.79%.
A number of brokerages have commented on MSBI. Keefe, Bruyette & Woods restated a “buy” rating and issued a $42.00 target price on shares of Midland States Bancorp in a report on Thursday, October 19th. Zacks Investment Research downgraded Midland States Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd.
About Midland States Bancorp
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