Citadel Advisors LLC trimmed its stake in shares of Midland States Bancorp Inc (NASDAQ:MSBI) by 73.8% during the fourth quarter, HoldingsChannel reports. The firm owned 8,778 shares of the financial services provider’s stock after selling 24,748 shares during the period. Citadel Advisors LLC’s holdings in Midland States Bancorp were worth $285,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the company. BlackRock Inc. lifted its position in shares of Midland States Bancorp by 2.9% during the fourth quarter. BlackRock Inc. now owns 782,801 shares of the financial services provider’s stock worth $25,426,000 after purchasing an additional 22,052 shares in the last quarter. Northpointe Capital LLC lifted its position in shares of Midland States Bancorp by 101.6% during the fourth quarter. Northpointe Capital LLC now owns 507,800 shares of the financial services provider’s stock worth $16,493,000 after purchasing an additional 255,865 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Midland States Bancorp by 41.0% during the second quarter. Vanguard Group Inc. now owns 461,065 shares of the financial services provider’s stock worth $15,455,000 after purchasing an additional 134,176 shares in the last quarter. State Street Corp lifted its position in shares of Midland States Bancorp by 367.7% during the second quarter. State Street Corp now owns 246,679 shares of the financial services provider’s stock worth $8,270,000 after purchasing an additional 193,932 shares in the last quarter. Finally, Maltese Capital Management LLC acquired a new position in shares of Midland States Bancorp during the third quarter worth approximately $6,019,000. Institutional investors own 38.43% of the company’s stock.
In related news, EVP Jeffrey S. Mefford sold 3,260 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $31.70, for a total value of $103,342.00. Following the transaction, the executive vice president now directly owns 21,868 shares in the company, valued at $693,215.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John M. Schultz sold 2,000 shares of the stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $33.85, for a total transaction of $67,700.00. The disclosure for this sale can be found here. Insiders sold 13,260 shares of company stock worth $424,162 over the last 90 days. 14.90% of the stock is currently owned by company insiders.
Midland States Bancorp Inc (NASDAQ MSBI) opened at $32.13 on Wednesday. Midland States Bancorp Inc has a twelve month low of $28.70 and a twelve month high of $36.50. The firm has a market cap of $776.73, a P/E ratio of 16.44, a P/E/G ratio of 1.83 and a beta of 1.12. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 1.42.
Midland States Bancorp (NASDAQ:MSBI) last announced its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.17). Midland States Bancorp had a net margin of 7.56% and a return on equity of 8.71%. The business had revenue of $50.03 million during the quarter, compared to analyst estimates of $54.10 million. equities analysts predict that Midland States Bancorp Inc will post 2.55 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 16th were issued a $0.22 dividend. This is a positive change from Midland States Bancorp’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend was Thursday, February 15th. Midland States Bancorp’s dividend payout ratio is currently 95.65%.
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Midland States Bancorp Company Profile
Midland States Bancorp, Inc is a diversified financial holding company. The Company’s banking subsidiary is Midland States Bank (the Bank). The Company’s principal business activity has been lending to and accepting deposits from individuals, businesses, municipalities and other entities. The Company’s segments include Banking, which provides a range of financial products and services to consumers and businesses, including loan products; commercial equipment leasing; mortgage loan sales and servicing; letters of credit; various types of deposit products, including checking, savings and time deposit accounts; merchant services, and corporate treasury management services; Commercial Federal Housing Administration (FHA) Origination and Servicing, which provides for the origination and servicing of government sponsored mortgages for multifamily and healthcare facilities, and Other, which includes the operating results of the Company and its wealth management business unit.
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