Spark Investment Management LLC continued to hold its position in shares of Midland States Bancorp, Inc. (NASDAQ:MSBI) during the second quarter, Holdings Channel reports. The firm owned 10,500 shares of the financial services provider’s stock at the end of the second quarter. Spark Investment Management LLC’s holdings in Midland States Bancorp were worth $351,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Systematic Financial Management LP raised its position 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 buying an additional 10,526 shares during the period. FMR LLC raised its position in shares of Midland States Bancorp by 1.0% in the first quarter. FMR LLC now owns 699,318 shares of the financial services provider’s stock worth $24,049,000 after buying an additional 7,151 shares during the period. OppenheimerFunds Inc. raised its position in shares of Midland States Bancorp by 83.0% in the first 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. Monarch Partners Asset Management LLC acquired a new position in shares of Midland States Bancorp during the first quarter worth about $457,000. Finally, Bank of New York Mellon Corp raised its position 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 worth $14,621,000 after buying an additional 213,854 shares during the period. 33.04% of the stock is owned by institutional investors and hedge funds.

Midland States Bancorp, Inc. (NASDAQ MSBI) opened at 30.88 on Tuesday. The company has a market capitalization of $589.41 million, a price-to-earnings ratio of 16.11 and a beta of 2.28. Midland States Bancorp, Inc. has a one year low of $22.70 and a one year high of $37.58. The company has a 50-day moving average price of $32.81 and a 200-day moving average price of $33.83.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Friday, August 18th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date is Wednesday, August 16th. Midland States Bancorp’s dividend payout ratio (DPR) is currently 41.03%.

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A number of equities analysts recently issued reports on MSBI shares. Zacks Investment Research lowered Midland States Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, May 3rd. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $37.00 price objective on shares of Midland States Bancorp in a report on Friday, May 12th.

In other news, SVP Douglas J. Tucker sold 1,954 shares of Midland States Bancorp stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $34.80, for a total value of $67,999.20. Following the completion of the transaction, the senior vice president now owns 4,948 shares in the company, valued at $172,190.40. The transaction 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 Midland States Bancorp stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $34.45, for a total transaction of $68,900.00. The disclosure for this sale can be found here. In the last quarter, insiders bought 1,115 shares of company stock valued at $33,597 and sold 32,954 shares valued at $1,131,769. Insiders own 14.90% of the company’s stock.

About Midland States Bancorp

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

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