Emerald Mutual Fund Advisers Trust cut its stake in Midland States Bancorp, Inc. (NASDAQ:MSBI) by 4.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,013 shares of the financial services provider’s stock after selling 2,533 shares during the period. Emerald Mutual Fund Advisers Trust owned about 0.27% of Midland States Bancorp worth $1,616,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. FMR LLC grew its holdings in shares of Midland States Bancorp by 20.7% in the second quarter. FMR LLC now owns 843,862 shares of the financial services provider’s stock worth $28,286,000 after purchasing an additional 144,544 shares during the last quarter. Jacobs Asset Management LLC grew its holdings in shares of Midland States Bancorp by 30.1% in the second quarter. Jacobs Asset Management LLC now owns 494,512 shares of the financial services provider’s stock worth $16,576,000 after purchasing an additional 114,512 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Midland States Bancorp by 41.0% in the second quarter. Vanguard Group Inc. now owns 461,065 shares of the financial services provider’s stock worth $15,455,000 after purchasing an additional 134,176 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Midland States Bancorp by 6.0% in the second quarter. Bank of New York Mellon Corp now owns 450,846 shares of the financial services provider’s stock worth $15,112,000 after purchasing an additional 25,656 shares during the last quarter. Finally, Capital Z Partners Management LLC bought a new position in shares of Midland States Bancorp in the second quarter worth about $13,138,000. Hedge funds and other institutional investors own 46.67% of the company’s stock.

A number of research analysts have recently commented on MSBI shares. Zacks Investment Research cut shares of Midland States Bancorp from a “hold” rating to a “sell” rating in a report on Friday, October 20th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $42.00 price target on shares of Midland States Bancorp in a report on Thursday, October 19th.

Shares of Midland States Bancorp, Inc. (MSBI) opened at $32.13 on Friday. The company has a market capitalization of $613.52, a price-to-earnings ratio of 14.03, a PEG ratio of 2.69 and a beta of 2.30. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 1.11.

Midland States Bancorp (NASDAQ:MSBI) last released its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.49 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.09). Midland States Bancorp had a return on equity of 10.77% and a net margin of 11.90%. The business had revenue of $52.17 million during the quarter, compared to analysts’ expectations of $55.20 million. analysts predict that Midland States Bancorp, Inc. will post 1.71 EPS for the current fiscal year.

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In related news, Director John M. Schultz sold 2,000 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $31.76, for a total value of $63,520.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders purchased 1,455 shares of company stock valued at $44,107 and sold 6,000 shares valued at $189,320. 14.90% of the stock is owned by corporate insiders.

Midland States Bancorp Profile

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

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