Systematic Financial Management LP Decreases Holdings in Midland States Bancorp, Inc. (MSBI)
Systematic Financial Management LP lessened its stake in shares of Midland States Bancorp, Inc. (NASDAQ:MSBI) by 77.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 41,815 shares of the financial services provider’s stock after selling 145,320 shares during the period. Systematic Financial Management LP owned 0.22% of Midland States Bancorp worth $1,325,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of MSBI. Meeder Asset Management Inc. grew its position in Midland States Bancorp by 279.6% in the 3rd quarter. Meeder Asset Management Inc. now owns 3,158 shares of the financial services provider’s stock valued at $100,000 after acquiring an additional 2,326 shares in the last quarter. Legal & General Group Plc lifted its stake in shares of Midland States Bancorp by 581.8% in the 2nd quarter. Legal & General Group Plc now owns 3,941 shares of the financial services provider’s stock valued at $132,000 after purchasing an additional 3,363 shares during the period. SG Americas Securities LLC bought a new stake in shares of Midland States Bancorp during the third quarter worth about $184,000. Susquehanna International Group LLP purchased a new position in Midland States Bancorp in the second quarter worth about $209,000. Finally, Blair William & Co. IL grew its stake in shares of Midland States Bancorp by 0.9% in the second quarter. Blair William & Co. IL now owns 6,629 shares of the financial services provider’s stock worth $222,000 after acquiring an additional 60 shares during the period. Institutional investors and hedge funds own 46.00% of the company’s stock.
Several analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Midland States Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $37.00 price target on shares of Midland States Bancorp in a report on Tuesday, August 29th.
Midland States Bancorp, Inc. (NASDAQ:MSBI) opened at $33.25 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $611.16, a price-to-earnings ratio of 13.97, a P/E/G ratio of 2.68 and a beta of 2.30. Midland States Bancorp, Inc. has a 1-year low of $28.70 and a 1-year high of $37.58.
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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.09). The firm had revenue of $52.17 million for the quarter, compared to analyst estimates of $55.20 million. Midland States Bancorp had a net margin of 11.90% and a return on equity of 10.22%. analysts anticipate that Midland States Bancorp, Inc. will post 1.71 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, November 24th. Shareholders of record on Friday, November 17th were given a $0.20 dividend. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.41%. Midland States Bancorp’s dividend payout ratio is currently 51.95%.
In related news, Director John M. Schultz sold 2,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $32.22, for a total transaction of $64,440.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 6,000 shares of company stock valued at $190,300 in the last ninety days. Insiders own 14.90% of the company’s stock.
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Midland States Bancorp Company Profile
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