Rhumbline Advisers bought a new stake in shares of Midland States Bancorp, Inc. (NASDAQ:MSBI) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 16,504 shares of the financial services provider’s stock, valued at approximately $553,000. Rhumbline Advisers owned 0.10% of Midland States Bancorp at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Systematic Financial Management LP grew its holdings in shares of Midland States Bancorp by 5.9% in the first quarter. Systematic Financial Management LP now owns 188,575 shares of the financial services provider’s stock worth $6,485,000 after purchasing an additional 10,526 shares during the last quarter. OppenheimerFunds Inc. increased its stake in Midland States Bancorp by 83.0% in the 1st quarter. OppenheimerFunds Inc. now owns 17,531 shares of the financial services provider’s stock worth $603,000 after buying an additional 7,952 shares during the period. FMR LLC lifted its holdings in Midland States Bancorp by 1.0% during the 1st quarter. FMR LLC now owns 699,318 shares of the financial services provider’s stock valued at $24,049,000 after buying an additional 7,151 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Midland States Bancorp by 101.2% during the 1st 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 buying an additional 213,854 shares in the last quarter. Finally, Globeflex Capital L P bought a new stake in Midland States Bancorp during the 1st quarter valued at about $107,000. 46.55% of the stock is owned by hedge funds and other institutional investors.

MSBI has been the subject of several research reports. Zacks Investment Research raised shares of Midland States Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday. Keefe, Bruyette & Woods restated a “buy” rating and issued a $37.00 target price on shares of Midland States Bancorp in a research note on Tuesday, August 29th.

Shares of Midland States Bancorp, Inc. (MSBI) opened at 32.30 on Tuesday. The stock has a market cap of $616.77 million, a price-to-earnings ratio of 16.81 and a beta of 2.37. The company has a 50 day moving average price of $31.38 and a 200-day moving average price of $31.38. Midland States Bancorp, Inc. has a one year low of $24.66 and a one year high of $37.58.

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

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In related news, Director John M. Schultz sold 2,000 shares of Midland States Bancorp stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $30.68, for a total value of $61,360.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders purchased a total of 1,455 shares of company stock valued at $44,107 in the last quarter. 14.90% of the stock is owned by insiders.

Midland States Bancorp Profile

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

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