Leon J. Holschbach Sells 9,500 Shares of Midland States Bancorp Inc (NASDAQ:MSBI) Stock

Midland States Bancorp Inc (NASDAQ:MSBI) Director Leon J. Holschbach sold 9,500 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $28.01, for a total value of $266,095.00. The sale was disclosed in a document filed with the SEC, which is available at this link.

Leon J. Holschbach also recently made the following trade(s):

  • On Thursday, November 7th, Leon J. Holschbach sold 10,234 shares of Midland States Bancorp stock. The shares were sold at an average price of $28.00, for a total value of $286,552.00.
  • On Monday, October 21st, Leon J. Holschbach sold 8,766 shares of Midland States Bancorp stock. The shares were sold at an average price of $26.59, for a total value of $233,087.94.
  • On Thursday, September 5th, Leon J. Holschbach sold 1,992 shares of Midland States Bancorp stock. The stock was sold at an average price of $26.00, for a total value of $51,792.00.

Shares of NASDAQ MSBI traded down $0.63 during trading on Tuesday, hitting $27.42. 1,426 shares of the company traded hands, compared to its average volume of 63,659. The business’s fifty day moving average is $27.31 and its 200 day moving average is $26.31. Midland States Bancorp Inc has a fifty-two week low of $19.56 and a fifty-two week high of $28.36. The firm has a market capitalization of $681.51 million, a price-to-earnings ratio of 13.48 and a beta of 1.37. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.04 and a current ratio of 1.05.

Midland States Bancorp (NASDAQ:MSBI) last issued its earnings results on Friday, October 25th. The financial services provider reported $0.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.13). Midland States Bancorp had a net margin of 18.30% and a return on equity of 10.01%. The firm had revenue of $69.06 million during the quarter. On average, analysts predict that Midland States Bancorp Inc will post 2.49 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Monday, November 18th were issued a $0.2425 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.97 annualized dividend and a yield of 3.54%. Midland States Bancorp’s payout ratio is currently 47.55%.

A number of brokerages have weighed in on MSBI. BidaskClub upgraded Midland States Bancorp from a “hold” rating to a “buy” rating in a report on Friday, November 8th. ValuEngine cut Midland States Bancorp from a “hold” rating to a “sell” rating in a report on Monday, October 21st. Zacks Investment Research upgraded Midland States Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, November 23rd. Finally, DA Davidson reiterated a “buy” rating on shares of Midland States Bancorp in a research note on Monday, November 18th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. Midland States Bancorp has an average rating of “Hold” and an average target price of $27.00.

Institutional investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC raised its position in shares of Midland States Bancorp by 63.1% during the second quarter. Tower Research Capital LLC TRC now owns 1,036 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 401 shares during the period. Acadian Asset Management LLC bought a new position in Midland States Bancorp during the second quarter valued at about $54,000. Bank of Montreal Can grew its position in Midland States Bancorp by 687.3% during the second quarter. Bank of Montreal Can now owns 2,102 shares of the financial services provider’s stock valued at $56,000 after buying an additional 1,835 shares during the period. Susquehanna International Group LLP purchased a new stake in Midland States Bancorp during the second quarter worth about $211,000. Finally, UBS Asset Management Americas Inc. purchased a new stake in Midland States Bancorp during the second quarter worth about $216,000. 48.76% of the stock is owned by hedge funds and other institutional investors.

About Midland States Bancorp

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.

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Insider Buying and Selling by Quarter for Midland States Bancorp (NASDAQ:MSBI)

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