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

Quantbot Technologies LP increased its stake in shares of Midland States Bancorp, Inc. (NASDAQ:MSBI) by 25.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,475 shares of the financial services provider’s stock after acquiring 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 SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of MSBI. Rhumbline Advisers boosted its holdings in shares of Midland States Bancorp by 2.1% during the second quarter. Rhumbline Advisers now owns 33,607 shares of the financial services provider’s stock worth $761,000 after acquiring an additional 683 shares during the period. US Bancorp DE increased its stake in shares of Midland States Bancorp by 141.6% during 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 during the period. Wedge Capital Management L L P NC lifted its holdings in Midland States Bancorp by 8.8% during the 3rd quarter. Wedge Capital Management L L P NC now owns 28,461 shares of the financial services provider’s stock worth $637,000 after purchasing an additional 2,295 shares during the last quarter. Hsbc Holdings PLC boosted its stake in Midland States Bancorp by 9.9% in the 2nd quarter. Hsbc Holdings PLC now owns 28,562 shares of the financial services provider’s stock valued at $652,000 after purchasing an additional 2,562 shares during the period. Finally, Thrivent Financial for Lutherans grew its holdings in Midland States Bancorp by 4.4% in the 3rd quarter. Thrivent Financial for Lutherans now owns 71,667 shares of the financial services provider’s stock valued at $1,604,000 after buying an additional 3,027 shares in the last quarter. Institutional investors and hedge funds own 60.93% of the company’s stock.

Insider Activity at Midland States Bancorp

In other news, CEO Jeffrey G. Ludwig sold 12,753 shares of Midland States Bancorp stock in a transaction 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 transaction, the chief executive officer now owns 343,935 shares in the company, valued at approximately $8,433,286.20. This trade represents a 3.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.60% of the stock is currently owned by insiders.

Midland States Bancorp Stock Performance

NASDAQ:MSBI opened at $26.94 on Friday. The company 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 fifty-two week low of $20.54 and a fifty-two week high of $28.47. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a fifty day moving average price of $24.89 and a 200-day moving average price of $23.37.

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

Midland States Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were given 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 53.68%.

Wall Street Analysts Forecast Growth

MSBI has been the subject of a number of research reports. StockNews.com downgraded Midland States Bancorp from a “buy” rating to a “hold” rating in a report on Friday, November 22nd. Piper Sandler lifted their price objective on shares of Midland States Bancorp from $26.00 to $27.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Midland States Bancorp from $24.00 to $28.00 and gave the stock a “market perform” rating in a research report on Wednesday.

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.