Barclays PLC Acquires 23,242 Shares of Midland States Bancorp, Inc. (NASDAQ:MSBI)

Barclays PLC raised its holdings in Midland States Bancorp, Inc. (NASDAQ:MSBI) by 55.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 65,384 shares of the financial services provider’s stock after purchasing an additional 23,242 shares during the quarter. Barclays PLC’s holdings in Midland States Bancorp were worth $1,463,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. State Street Corp increased its stake in shares of Midland States Bancorp by 2.5% in the third quarter. State Street Corp now owns 587,947 shares of the financial services provider’s stock valued at $13,158,000 after buying an additional 14,157 shares in the last quarter. American Century Companies Inc. increased its position in Midland States Bancorp by 16.0% in the 2nd quarter. American Century Companies Inc. now owns 402,092 shares of the financial services provider’s stock valued at $9,107,000 after acquiring an additional 55,555 shares in the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new stake in Midland States Bancorp in the 3rd quarter valued at about $5,764,000. Bank of New York Mellon Corp raised its stake in shares of Midland States Bancorp by 6.7% in the second quarter. Bank of New York Mellon Corp now owns 165,615 shares of the financial services provider’s stock worth $3,751,000 after acquiring an additional 10,354 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its position in shares of 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 purchasing an additional 21,416 shares in the last quarter. Institutional investors and hedge funds own 60.93% of the company’s stock.

Wall Street Analyst Weigh In

MSBI has been the subject of a number of research reports. StockNews.com lowered shares of Midland States Bancorp from a “buy” rating to a “hold” rating in a report on Friday, November 22nd. Piper Sandler lifted their target price on Midland States Bancorp from $26.00 to $27.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods boosted their target price on Midland States Bancorp from $24.00 to $28.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th.

Insider Buying and Selling at Midland States Bancorp

In related news, CEO Jeffrey G. Ludwig sold 12,753 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $24.52, for a total transaction of $312,703.56. Following the completion of the transaction, the chief executive officer now owns 343,935 shares in the company, valued at approximately $8,433,286.20. The trade was a 3.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 5.60% of the company’s stock.

Midland States Bancorp Stock Down 1.6 %

Shares of NASDAQ:MSBI opened at $24.41 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market cap of $522.40 million, a price-to-earnings ratio of 10.57 and a beta of 0.75. The company has a 50 day moving average of $25.81 and a 200-day moving average of $23.67. Midland States Bancorp, Inc. has a one year low of $20.54 and a one year high of $28.39.

Midland States Bancorp (NASDAQ:MSBI) last released its earnings results on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.11. The firm had revenue of $124.17 million during the quarter, compared to analyst estimates of $72.90 million. Midland States Bancorp had a net margin of 12.13% and a return on equity of 8.90%. During the same quarter in the previous year, the business earned $0.78 EPS. On average, sell-side analysts forecast that Midland States Bancorp, Inc. will post 2.16 earnings per share for the current year.

Midland States Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were issued a $0.31 dividend. The ex-dividend date was Monday, November 18th. This represents a $1.24 dividend on an annualized basis and a yield of 5.08%. Midland States Bancorp’s dividend payout ratio is presently 53.68%.

About Midland States Bancorp

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.