Midland States Bancorp, Inc. $MSBI Shares Sold by LSV Asset Management

LSV Asset Management lowered its position in Midland States Bancorp, Inc. (NASDAQ:MSBI) by 9.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 296,089 shares of the financial services provider’s stock after selling 31,000 shares during the period. LSV Asset Management owned approximately 1.37% of Midland States Bancorp worth $6,268,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of MSBI. AQR Capital Management LLC grew its holdings in shares of Midland States Bancorp by 38.1% in the 2nd quarter. AQR Capital Management LLC now owns 540,997 shares of the financial services provider’s stock worth $9,370,000 after acquiring an additional 149,175 shares during the period. Algert Global LLC acquired a new stake in shares of Midland States Bancorp in the 3rd quarter worth approximately $1,297,000. Numerai GP LLC acquired a new stake in shares of Midland States Bancorp in the 3rd quarter worth approximately $814,000. Jump Financial LLC grew its holdings in shares of Midland States Bancorp by 272.5% in the 2nd quarter. Jump Financial LLC now owns 55,500 shares of the financial services provider’s stock worth $961,000 after acquiring an additional 40,600 shares during the period. Finally, Qube Research & Technologies Ltd purchased a new stake in Midland States Bancorp in the 2nd quarter valued at approximately $693,000. Institutional investors and hedge funds own 60.93% of the company’s stock.

Midland States Bancorp Trading Up 1.8%

Shares of Midland States Bancorp stock opened at $28.14 on Wednesday. Midland States Bancorp, Inc. has a fifty-two week low of $14.24 and a fifty-two week high of $28.53. The firm has a market cap of $583.34 million, a PE ratio of 23.85 and a beta of 0.66. The business’s fifty day moving average is $24.50 and its two-hundred day moving average is $22.11. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.71.

Midland States Bancorp (NASDAQ:MSBI) last issued its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.19. Midland States Bancorp had a return on equity of 11.55% and a net margin of 7.53%.The company had revenue of $81.10 million for the quarter, compared to analyst estimates of $75.59 million. Analysts anticipate that Midland States Bancorp, Inc. will post 3.17 earnings per share for the current year.

Midland States Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 15th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend was Friday, May 15th. Midland States Bancorp’s dividend payout ratio is currently 108.47%.

Midland States Bancorp declared that its Board of Directors has authorized a stock repurchase program on Wednesday, May 6th that permits the company to repurchase $45.00 million in outstanding shares. This repurchase authorization permits the financial services provider to purchase up to 8% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

MSBI has been the topic of a number of recent research reports. Wall Street Zen lowered Midland States Bancorp from a “buy” rating to a “hold” rating in a research note on Sunday. Piper Sandler upped their target price on Midland States Bancorp from $25.50 to $28.00 and gave the company a “neutral” rating in a research note on Monday, April 27th. Weiss Ratings raised Midland States Bancorp from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, May 4th. Zacks Research raised Midland States Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 28th. Finally, DA Davidson increased their price target on Midland States Bancorp from $23.00 to $26.00 and gave the stock a “neutral” rating in a research note on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Midland States Bancorp presently has a consensus rating of “Hold” and an average target price of $23.90.

Insider Buying and Selling at Midland States Bancorp

In other news, Director Travis Franklin bought 9,400 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The shares were acquired at an average cost of $26.49 per share, with a total value of $249,006.00. Following the transaction, the director owned 9,400 shares of the company’s stock, valued at $249,006. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 8.57% of the stock is currently owned by corporate insiders.

About Midland States Bancorp

Midland States Bancorp, Inc is a bank holding company headquartered in Effingham, Illinois, that oversees Midland States Bank, a community-focused financial institution. Through its subsidiary, the company provides a full range of commercial and retail banking services designed to meet the needs of individuals, small and mid-sized businesses, and nonprofit organizations. Its branch network spans key markets in Illinois, Missouri and Florida, where it emphasizes relationship-driven banking and local decision-making.

The company’s offerings include traditional deposit accounts, business and commercial lending, treasury and cash management services, mortgage financing and home equity products.