Midland States Bancorp Inc (NASDAQ:MSBI) Position Increased by BlackRock Inc.

BlackRock Inc. raised its position in shares of Midland States Bancorp Inc (NASDAQ:MSBI) by 7.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,477,062 shares of the financial services provider’s stock after buying an additional 101,024 shares during the quarter. BlackRock Inc. owned 0.06% of Midland States Bancorp worth $39,467,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Wells Fargo & Company MN increased its holdings in shares of Midland States Bancorp by 75.8% in the 2nd quarter. Wells Fargo & Company MN now owns 347,490 shares of the financial services provider’s stock valued at $9,286,000 after purchasing an additional 149,871 shares during the period. Northern Trust Corp increased its holdings in shares of Midland States Bancorp by 1.5% in the 2nd quarter. Northern Trust Corp now owns 261,346 shares of the financial services provider’s stock valued at $6,983,000 after purchasing an additional 3,770 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Midland States Bancorp by 2.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 163,481 shares of the financial services provider’s stock valued at $4,369,000 after purchasing an additional 3,634 shares during the period. Kennedy Capital Management Inc. acquired a new position in shares of Midland States Bancorp in the 1st quarter valued at about $3,609,000. Finally, LSV Asset Management acquired a new position in shares of Midland States Bancorp in the 2nd quarter valued at about $3,620,000. 47.99% of the stock is owned by institutional investors.

In related news, Director Leon J. Holschbach sold 1,992 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $26.00, for a total value of $51,792.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Jeffrey A. Brunoehler sold 22,178 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $27.00, for a total value of $598,806.00. Following the completion of the transaction, the senior vice president now owns 57,861 shares in the company, valued at approximately $1,562,247. The disclosure for this sale can be found here. Insiders sold a total of 51,429 shares of company stock worth $1,369,391 in the last quarter. 12.70% of the stock is owned by corporate insiders.



A number of equities analysts have recently weighed in on MSBI shares. Zacks Investment Research upgraded Midland States Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, September 18th. BidaskClub upgraded Midland States Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, July 31st. Finally, ValuEngine upgraded Midland States Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $27.00.

Shares of MSBI opened at $26.00 on Friday. The company has a market capitalization of $648.08 million, a price-to-earnings ratio of 12.75 and a beta of 1.36. Midland States Bancorp Inc has a fifty-two week low of $19.56 and a fifty-two week high of $30.10. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.05 and a quick ratio of 1.04. The business’s 50-day moving average is $26.22 and its 200-day moving average is $25.98.

Midland States Bancorp (NASDAQ:MSBI) last issued its earnings results on Thursday, July 25th. The financial services provider reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. The company had revenue of $65.66 million for the quarter, compared to the consensus estimate of $64.90 million. Midland States Bancorp had a return on equity of 10.14% and a net margin of 17.52%. Equities research analysts expect that Midland States Bancorp Inc will post 2.56 earnings per share for the current fiscal year.

Midland States Bancorp Company Profile

Midland States Bancorp, Inc operates as a financial holding company for Midland States Bank that provides various banking products and services to individuals, businesses, municipalities, and other entities. It operates through Banking, Commercial FHA Origination and Servicing, Wealth Management, and Other segments.

See Also: Is the QQQ ETF safe?

Want to see what other hedge funds are holding MSBI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Midland States Bancorp Inc (NASDAQ:MSBI).

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

Receive News & Ratings for Midland States Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Midland States Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.