Federated Investors Inc. PA lessened its holdings in Midland States Bancorp Inc (NASDAQ:MSBI) by 12.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 23,460 shares of the financial services provider’s stock after selling 3,449 shares during the quarter. Federated Investors Inc. PA’s holdings in Midland States Bancorp were worth $804,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of MSBI. BlackRock Inc. boosted its stake in shares of Midland States Bancorp by 30.1% in the 2nd quarter. BlackRock Inc. now owns 1,334,886 shares of the financial services provider’s stock valued at $45,733,000 after purchasing an additional 308,568 shares during the last quarter. FMR LLC boosted its stake in shares of Midland States Bancorp by 25.2% in the 2nd quarter. FMR LLC now owns 1,060,253 shares of the financial services provider’s stock valued at $36,324,000 after purchasing an additional 213,320 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Midland States Bancorp by 51.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 343,521 shares of the financial services provider’s stock valued at $11,769,000 after purchasing an additional 116,594 shares during the last quarter. State of Wisconsin Investment Board bought a new position in shares of Midland States Bancorp in the 1st quarter valued at about $3,472,000. Finally, Wells Fargo & Company MN boosted its stake in shares of Midland States Bancorp by 60.4% in the 2nd quarter. Wells Fargo & Company MN now owns 219,882 shares of the financial services provider’s stock valued at $7,533,000 after purchasing an additional 82,798 shares during the last quarter. 45.60% of the stock is currently owned by institutional investors.

MSBI has been the topic of several recent research reports. BidaskClub lowered shares of Midland States Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, June 30th. Zacks Investment Research lowered shares of Midland States Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, June 21st.

Shares of NASDAQ:MSBI opened at $33.09 on Monday. The company has a market capitalization of $783.41 million, a P/E ratio of 16.63, a PEG ratio of 1.95 and a beta of 0.84. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.02 and a current ratio of 1.03. Midland States Bancorp Inc has a fifty-two week low of $29.75 and a fifty-two week high of $36.50.

Midland States Bancorp (NASDAQ:MSBI) last announced its quarterly earnings results on Thursday, July 26th. The financial services provider reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.03. The business had revenue of $64.23 million for the quarter, compared to the consensus estimate of $65.80 million. Midland States Bancorp had a net margin of 7.33% and a return on equity of 8.50%. analysts forecast that Midland States Bancorp Inc will post 2.42 EPS for the current fiscal year.

In related news, SVP Sharon A. Schaubert sold 12,338 shares of the stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $34.04, for a total value of $419,985.52. Following the sale, the senior vice president now directly owns 25,007 shares in the company, valued at approximately $851,238.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John M. Schultz sold 2,000 shares of the stock in a transaction that occurred on Monday, July 16th. The shares were sold at an average price of $34.68, for a total transaction of $69,360.00. The disclosure for this sale can be found here. Insiders sold a total of 24,338 shares of company stock worth $831,566 over the last quarter. 14.90% of the stock is currently owned by corporate insiders.

Midland States Bancorp Company Profile

Midland States Bancorp, Inc operates as a financial holding company for Midland States Bank that provides banking and financial products and services to individuals, businesses, municipalities, and other entities. The company's deposit products include checking, savings, money market, and sweep accounts, as well as certificates of deposits, noninterest-bearing and interest-bearing demand deposits, and time deposits.

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Institutional Ownership by Quarter for Midland States Bancorp (NASDAQ:MSBI)

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