10,538 Shares in Midland States Bancorp Inc (NASDAQ:MSBI) Bought by SVA Wealth Management LLC

SVA Wealth Management LLC acquired a new position in shares of Midland States Bancorp Inc (NASDAQ:MSBI) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,538 shares of the financial services provider’s stock, valued at approximately $282,000.

Several other large investors have also recently made changes to their positions in the stock. BlackRock Inc. raised its holdings in shares of Midland States Bancorp by 7.3% during the second quarter. BlackRock Inc. now owns 1,477,062 shares of the financial services provider’s stock worth $39,467,000 after acquiring an additional 101,024 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Midland States Bancorp by 25.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 559,834 shares of the financial services provider’s stock worth $12,507,000 after buying an additional 114,165 shares in the last quarter. Wells Fargo & Company MN grew its position in Midland States Bancorp by 75.8% during the second quarter. Wells Fargo & Company MN now owns 347,490 shares of the financial services provider’s stock worth $9,286,000 after buying an additional 149,871 shares in the last quarter. Northern Trust Corp grew its position in Midland States Bancorp by 1.5% during the second quarter. Northern Trust Corp now owns 261,346 shares of the financial services provider’s stock worth $6,983,000 after buying an additional 3,770 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC grew its position in Midland States Bancorp by 14.3% during the first quarter. Pacific Ridge Capital Partners LLC now owns 202,762 shares of the financial services provider’s stock worth $4,878,000 after buying an additional 25,443 shares in the last quarter. Institutional investors and hedge funds own 47.99% of the company’s stock.

In other news, SVP Jeffrey A. Brunoehler sold 22,178 shares of Midland States Bancorp stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $27.00, for a total value of $598,806.00. Following the completion of the transaction, the senior vice president now owns 57,861 shares in the company, valued at $1,562,247. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Leon J. Holschbach sold 9,500 shares of Midland States Bancorp stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $26.74, for a total transaction of $254,030.00. The disclosure for this sale can be found here. Insiders have sold 60,929 shares of company stock worth $1,622,756 over the last ninety days. Company insiders own 12.70% of the company’s stock.

MSBI stock traded up $0.08 during trading on Monday, reaching $27.57. 505 shares of the stock were exchanged, compared to its average volume of 58,058. Midland States Bancorp Inc has a twelve month low of $19.56 and a twelve month high of $34.40. The company has a market capitalization of $672.86 million, a P/E ratio of 13.47, a price-to-earnings-growth ratio of 1.52 and a beta of 1.36. The stock has a 50 day simple moving average of $26.06 and a 200-day simple moving average of $25.74. The company has a current ratio of 1.05, a quick ratio of 1.04 and a debt-to-equity ratio of 1.15.

Midland States Bancorp (NASDAQ:MSBI) last released its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.02. The company had revenue of $65.66 million for the quarter, compared to the consensus estimate of $64.90 million. Midland States Bancorp had a return on equity of 10.14% and a net margin of 17.52%. Equities analysts predict that Midland States Bancorp Inc will post 2.54 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 16th were issued a dividend of $0.243 per share. This represents a $0.97 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date was Thursday, August 15th. Midland States Bancorp’s payout ratio is 47.55%.

A number of research firms recently weighed in on MSBI. Zacks Investment Research raised Midland States Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, September 10th. BidaskClub raised Midland States Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, July 31st. Finally, TheStreet raised Midland States Bancorp from a “c+” rating to a “b” rating in a research report on Friday, May 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price 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.

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Institutional Ownership by Quarter for Midland States Bancorp (NASDAQ:MSBI)

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