Citadel Advisors LLC grew its stake in Midland States Bancorp Inc (NASDAQ:MSBI) by 352.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,526 shares of the financial services provider’s stock after purchasing an additional 26,118 shares during the period. Citadel Advisors LLC owned about 0.18% of Midland States Bancorp worth $1,062,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. OxFORD Asset Management LLP purchased a new stake in shares of Midland States Bancorp during the second quarter valued at approximately $332,000. Stieven Capital Advisors L.P. bought a new position in Midland States Bancorp in the second quarter worth $10,394,000. Swiss National Bank bought a new position in Midland States Bancorp in the second quarter worth $821,000. California State Teachers Retirement System raised its holdings in Midland States Bancorp by 265.5% in the second quarter. California State Teachers Retirement System now owns 27,120 shares of the financial services provider’s stock worth $909,000 after purchasing an additional 19,700 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its holdings in shares of Midland States Bancorp by 660.3% during the second quarter. The Manufacturers Life Insurance Company now owns 13,122 shares of the financial services provider’s stock valued at $440,000 after acquiring an additional 11,396 shares in the last quarter. Institutional investors and hedge funds own 45.99% of the company’s stock.
In other Midland States Bancorp news, Director John M. Schultz sold 2,000 shares of the business’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $32.90, for a total transaction of $65,800.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last three months, insiders sold 8,000 shares of company stock valued at $256,100. Corporate insiders own 14.90% of the company’s stock.
Several research firms recently commented on MSBI. Zacks Investment Research cut Midland States Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, October 20th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $42.00 target price on shares of Midland States Bancorp in a research report on Thursday, October 19th. Finally, BidaskClub raised Midland States Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, December 7th.
Shares of Midland States Bancorp Inc (MSBI) traded down $0.25 on Friday, reaching $32.10. The company had a trading volume of 19,099 shares, compared to its average volume of 51,238. The company has a market cap of $608.34 and a P/E ratio of 21.99. Midland States Bancorp Inc has a 52 week low of $28.70 and a 52 week high of $37.58. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.03 and a quick ratio of 1.02.
Midland States Bancorp (NASDAQ:MSBI) last posted its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.09). Midland States Bancorp had a net margin of 11.90% and a return on equity of 10.22%. The business had revenue of $52.17 million for the quarter, compared to analysts’ expectations of $55.20 million. equities research analysts predict that Midland States Bancorp Inc will post 1.71 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, November 24th. Stockholders of record on Friday, November 17th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.49%. The ex-dividend date was Thursday, November 16th. Midland States Bancorp’s payout ratio is 54.79%.
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