Insider Selling: Midland States Bancorp Inc (NASDAQ:MSBI) SVP Sells $72,527.84 in Stock

Midland States Bancorp Inc (NASDAQ:MSBI) SVP Douglas J. Tucker sold 2,552 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $28.42, for a total transaction of $72,527.84. Following the completion of the transaction, the senior vice president now directly owns 31,025 shares in the company, valued at $881,730.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of NASDAQ:MSBI opened at $28.72 on Friday. The company’s 50 day moving average price is $27.73 and its two-hundred day moving average price is $26.42. Midland States Bancorp Inc has a 12-month low of $19.56 and a 12-month high of $28.92. The firm has a market cap of $691.70 million, a PE ratio of 11.09 and a beta of 1.37. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 1.25.

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

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Monday, November 18th were given a dividend of $0.2425 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.97 dividend on an annualized basis and a dividend yield of 3.38%. Midland States Bancorp’s payout ratio is presently 47.55%.

Large investors have recently made changes to their positions in the business. Susquehanna International Group LLP acquired a new position in shares of Midland States Bancorp during the 2nd quarter worth approximately $211,000. Swiss National Bank grew its position in shares of Midland States Bancorp by 3.6% during the 2nd quarter. Swiss National Bank now owns 40,300 shares of the financial services provider’s stock worth $1,077,000 after purchasing an additional 1,400 shares in the last quarter. Zebra Capital Management LLC grew its position in shares of Midland States Bancorp by 32.0% during the 3rd quarter. Zebra Capital Management LLC now owns 14,622 shares of the financial services provider’s stock worth $381,000 after purchasing an additional 3,543 shares in the last quarter. First Trust Advisors LP grew its position in shares of Midland States Bancorp by 13.3% during the 3rd quarter. First Trust Advisors LP now owns 61,455 shares of the financial services provider’s stock worth $1,601,000 after purchasing an additional 7,194 shares in the last quarter. Finally, Strs Ohio acquired a new position in shares of Midland States Bancorp during the 2nd quarter worth approximately $574,000. Hedge funds and other institutional investors own 48.76% of the company’s stock.

MSBI has been the topic of several research analyst reports. BidaskClub raised shares of Midland States Bancorp from a “hold” rating to a “buy” rating in a report on Friday, November 8th. Zacks Investment Research raised shares of Midland States Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, November 23rd. ValuEngine cut shares of Midland States Bancorp from a “sell” rating to a “strong sell” rating in a report on Wednesday, December 4th. Finally, DA Davidson restated a “buy” rating on shares of Midland States Bancorp in a research report on Monday, November 18th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $27.00.

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.

Further Reading: Overbought

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

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