Midland States Bancorp, Inc. (NASDAQ:MSBI) CEO Sells $312,703.56 in Stock

Midland States Bancorp, Inc. (NASDAQ:MSBIGet Free Report) CEO Jeffrey G. Ludwig sold 12,753 shares of Midland States Bancorp stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $24.52, for a total transaction of $312,703.56. Following the sale, the chief executive officer now owns 343,935 shares in the company, valued at approximately $8,433,286.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Midland States Bancorp Price Performance

MSBI stock traded down $0.02 during trading on Tuesday, hitting $24.65. 129,722 shares of the stock traded hands, compared to its average volume of 79,009. Midland States Bancorp, Inc. has a one year low of $20.54 and a one year high of $28.47. The stock has a market cap of $527.26 million, a price-to-earnings ratio of 10.73 and a beta of 0.75. The company has a 50 day simple moving average of $22.52 and a 200 day simple moving average of $22.74. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.10.

Midland States Bancorp (NASDAQ:MSBIGet Free Report) last announced its earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.11. Midland States Bancorp had a net margin of 12.13% and a return on equity of 9.00%. The company had revenue of $124.17 million during the quarter, compared to the consensus estimate of $72.90 million. During the same period in the previous year, the firm posted $0.78 earnings per share. Equities analysts expect that Midland States Bancorp, Inc. will post 2 EPS for the current fiscal year.

Midland States Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 16th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 5.03%. The ex-dividend date was Friday, August 16th. Midland States Bancorp’s dividend payout ratio is presently 53.68%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MSBI. Keefe, Bruyette & Woods decreased their target price on shares of Midland States Bancorp from $26.00 to $24.00 and set a “market perform” rating on the stock in a research report on Monday, July 29th. Piper Sandler lifted their target price on shares of Midland States Bancorp from $26.00 to $27.00 and gave the company a “neutral” rating in a research report on Tuesday.

Check Out Our Latest Stock Report on Midland States Bancorp

Hedge Funds Weigh In On Midland States Bancorp

Institutional investors have recently modified their holdings of the stock. EntryPoint Capital LLC bought a new position in shares of Midland States Bancorp in the first quarter worth about $42,000. US Bancorp DE raised its stake in shares of Midland States Bancorp by 141.6% during the third quarter. US Bancorp DE now owns 3,803 shares of the financial services provider’s stock worth $85,000 after buying an additional 2,229 shares during the last quarter. Comerica Bank raised its stake in shares of Midland States Bancorp by 950.4% during the first quarter. Comerica Bank now owns 7,468 shares of the financial services provider’s stock worth $188,000 after buying an additional 6,757 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Midland States Bancorp during the second quarter worth approximately $218,000. Finally, Squarepoint Ops LLC bought a new stake in shares of Midland States Bancorp during the second quarter worth approximately $248,000. 60.93% of the stock is owned by institutional investors.

Midland States Bancorp Company Profile

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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, and Other segments. The company provides a range of financial products and services to consumers and businesses, including commercial loans to finance agricultural equipment and production; and commercial real estate loans for owner occupied offices, warehouses and production facilities, office buildings, hotels, mixed-use residential and commercial facilities, retail centers, multifamily properties, and assisted living facilities.

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

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