Aquatic Capital Management LLC Acquires 1,987 Shares of Midland States Bancorp, Inc. (NASDAQ:MSBI)

Aquatic Capital Management LLC grew its stake in Midland States Bancorp, Inc. (NASDAQ:MSBI) by 141.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,387 shares of the financial services provider’s stock after acquiring an additional 1,987 shares during the period. Aquatic Capital Management LLC’s holdings in Midland States Bancorp were worth $83,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. R Squared Ltd bought a new position in Midland States Bancorp in the fourth quarter valued at approximately $39,000. Barclays PLC grew its stake in shares of Midland States Bancorp by 2.6% in the fourth quarter. Barclays PLC now owns 67,065 shares of the financial services provider’s stock valued at $1,638,000 after buying an additional 1,681 shares in the last quarter. SG Americas Securities LLC increased its holdings in Midland States Bancorp by 14.8% during the fourth quarter. SG Americas Securities LLC now owns 16,317 shares of the financial services provider’s stock worth $398,000 after buying an additional 2,103 shares during the last quarter. Federated Hermes Inc. raised its position in Midland States Bancorp by 8.7% during the fourth quarter. Federated Hermes Inc. now owns 29,684 shares of the financial services provider’s stock worth $724,000 after acquiring an additional 2,388 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Midland States Bancorp by 22.0% in the fourth quarter. Wells Fargo & Company MN now owns 14,580 shares of the financial services provider’s stock valued at $356,000 after acquiring an additional 2,630 shares during the last quarter. Institutional investors and hedge funds own 60.93% of the company’s stock.

Midland States Bancorp Stock Down 2.2 %

Shares of MSBI opened at $17.92 on Tuesday. The firm has a market cap of $383.51 million, a P/E ratio of -17.07 and a beta of 0.72. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.91 and a current ratio of 0.91. Midland States Bancorp, Inc. has a 52 week low of $14.79 and a 52 week high of $28.08. The firm’s 50-day simple moving average is $17.26 and its 200 day simple moving average is $21.56.

Midland States Bancorp (NASDAQ:MSBI) last posted its earnings results on Wednesday, April 30th. The financial services provider reported $0.57 EPS for the quarter, beating the consensus estimate of $0.52 by $0.05. The company had revenue of $76.16 million for the quarter, compared to the consensus estimate of $72.93 million. Midland States Bancorp had a negative return on equity of 1.95% and a negative net margin of 2.74%. On average, analysts forecast that Midland States Bancorp, Inc. will post 2.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on MSBI shares. DA Davidson dropped their target price on shares of Midland States Bancorp from $27.00 to $21.00 and set a “neutral” rating on the stock in a report on Tuesday, January 28th. Keefe, Bruyette & Woods cut their price objective on Midland States Bancorp from $21.00 to $20.00 and set a “market perform” rating for the company in a research report on Friday. StockNews.com raised Midland States Bancorp from a “hold” rating to a “buy” rating in a report on Monday. Finally, Piper Sandler dropped their price target on Midland States Bancorp from $28.50 to $23.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 28th.

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, 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.