Douglas J. Tucker Sells 2,000 Shares of Midland States Bancorp, Inc. (NASDAQ:MSBI) Stock

Midland States Bancorp, Inc. (NASDAQ:MSBI) SVP Douglas J. Tucker sold 2,000 shares of the business’s stock in a transaction on Monday, February 22nd. The shares were sold at an average price of $22.79, for a total value of $45,580.00.

Shares of NASDAQ MSBI opened at $23.14 on Tuesday. The firm has a market capitalization of $520.00 million, a P/E ratio of 23.61 and a beta of 1.06. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 1.47. The stock’s 50-day simple moving average is $19.99 and its two-hundred day simple moving average is $16.70. Midland States Bancorp, Inc. has a twelve month low of $12.48 and a twelve month high of $26.22.

Midland States Bancorp (NASDAQ:MSBI) last announced its earnings results on Friday, January 29th. The financial services provider reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.08). The business had revenue of $67.85 million during the quarter, compared to the consensus estimate of $69.30 million. Midland States Bancorp had a return on equity of 6.36% and a net margin of 7.65%. As a group, research analysts anticipate that Midland States Bancorp, Inc. will post 1.91 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 19th. Stockholders of record on Friday, February 12th were given a dividend of $0.28 per share. The ex-dividend date was Thursday, February 11th. This is a positive change from Midland States Bancorp’s previous quarterly dividend of $0.27. This represents a $1.12 annualized dividend and a dividend yield of 4.84%. Midland States Bancorp’s dividend payout ratio is 49.56%.

A number of analysts recently issued reports on the company. Stephens upgraded Midland States Bancorp from an “equal weight” rating to an “overweight” rating and set a $28.00 price objective on the stock in a research note on Wednesday, February 10th. Zacks Investment Research upgraded Midland States Bancorp from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Wednesday, February 3rd.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of Midland States Bancorp by 12.6% during the 4th quarter. BlackRock Inc. now owns 1,971,071 shares of the financial services provider’s stock valued at $35,224,000 after purchasing an additional 220,704 shares during the last quarter. LSV Asset Management increased its position in shares of Midland States Bancorp by 71.4% during the 3rd quarter. LSV Asset Management now owns 382,590 shares of the financial services provider’s stock valued at $4,916,000 after purchasing an additional 159,390 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Midland States Bancorp by 9.7% during the 4th quarter. Bank of New York Mellon Corp now owns 191,906 shares of the financial services provider’s stock valued at $3,429,000 after purchasing an additional 16,963 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Midland States Bancorp by 289.7% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 183,443 shares of the financial services provider’s stock valued at $2,357,000 after purchasing an additional 136,375 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Midland States Bancorp by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 138,399 shares of the financial services provider’s stock valued at $2,474,000 after purchasing an additional 2,132 shares during the last quarter. Hedge funds and other institutional investors own 54.64% of the company’s stock.

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, Wealth Management, Commercial FHA Origination and Servicing, and Other segments.

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