GSA Capital Partners LLP boosted its holdings in Midland States Bancorp, Inc. (NASDAQ:MSBI) by 84.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,925 shares of the financial services provider’s stock after acquiring an additional 9,134 shares during the period. GSA Capital Partners LLP owned about 0.10% of Midland States Bancorp worth $668,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. First Trust Advisors LP increased its stake in shares of Midland States Bancorp by 9.4% in the first quarter. First Trust Advisors LP now owns 28,462 shares of the financial services provider’s stock valued at $979,000 after purchasing an additional 2,454 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Midland States Bancorp by 101.2% in the first quarter. Bank of New York Mellon Corp now owns 425,190 shares of the financial services provider’s stock valued at $14,621,000 after purchasing an additional 213,854 shares during the period. Parametric Portfolio Associates LLC increased its stake in shares of Midland States Bancorp by 2.0% in the first quarter. Parametric Portfolio Associates LLC now owns 11,814 shares of the financial services provider’s stock valued at $406,000 after purchasing an additional 236 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Midland States Bancorp by 40.6% in the first quarter. JPMorgan Chase & Co. now owns 64,139 shares of the financial services provider’s stock valued at $2,206,000 after purchasing an additional 18,521 shares during the period. Finally, Spark Investment Management LLC acquired a new stake in shares of Midland States Bancorp in the first quarter valued at approximately $361,000. 46.55% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director John M. Schultz sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $30.68, for a total transaction of $61,360.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders have bought 1,455 shares of company stock worth $44,107 and have sold 6,000 shares worth $188,400. 14.90% of the stock is currently owned by corporate insiders.

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Midland States Bancorp, Inc. (NASDAQ:MSBI) opened at 33.07 on Friday. Midland States Bancorp, Inc. has a 1-year low of $24.70 and a 1-year high of $37.58. The firm has a market cap of $631.47 million, a price-to-earnings ratio of 17.21 and a beta of 2.37. The company’s 50 day moving average is $31.67 and its 200-day moving average is $31.67.

Midland States Bancorp (NASDAQ:MSBI) last announced its earnings results on Thursday, July 27th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.07). Midland States Bancorp had a return on equity of 10.65% and a net margin of 15.60%. The company had revenue of $43.02 million for the quarter, compared to analyst estimates of $45.60 million. On average, analysts predict that Midland States Bancorp, Inc. will post $1.90 EPS for the current fiscal year.

Several equities research analysts have commented on the stock. Zacks Investment Research lowered shares of Midland States Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. Keefe, Bruyette & Woods restated a “buy” rating and issued a $37.00 price target on shares of Midland States Bancorp in a research note on Tuesday, August 29th.

Midland States Bancorp Profile

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

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