Public Employees Retirement System of Ohio Makes New Investment in Midland States Bancorp, Inc. $MSBI

Public Employees Retirement System of Ohio acquired a new stake in Midland States Bancorp, Inc. (NASDAQ:MSBI) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 21,018 shares of the financial services provider’s stock, valued at approximately $655,000.

Several other institutional investors and hedge funds have also modified their holdings of MSBI. Amundi lifted its stake in shares of Midland States Bancorp by 39.4% during the 1st quarter. Amundi now owns 2,194 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 620 shares during the period. CANADA LIFE ASSURANCE Co grew its position in shares of Midland States Bancorp by 33.1% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 2,022 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 503 shares during the period. CIBC Private Wealth Group LLC purchased a new stake in shares of Midland States Bancorp in the third quarter valued at $46,000. Legal & General Group Plc acquired a new position in Midland States Bancorp in the second quarter valued at $58,000. Finally, Quadrant Capital Group LLC increased its stake in Midland States Bancorp by 302.7% in the fourth quarter. Quadrant Capital Group LLC now owns 4,599 shares of the financial services provider’s stock valued at $97,000 after purchasing an additional 3,457 shares during the last quarter. Hedge funds and other institutional investors own 60.93% of the company’s stock.

Analyst Upgrades and Downgrades

MSBI has been the topic of several recent analyst reports. Piper Sandler increased their price objective on shares of Midland States Bancorp from $32.00 to $35.00 and gave the stock a “neutral” rating in a report on Tuesday, July 28th. DA Davidson upped their price target on shares of Midland States Bancorp from $30.00 to $33.00 and gave the stock a “neutral” rating in a research report on Monday, July 27th. Keefe, Bruyette & Woods upped their price target on shares of Midland States Bancorp from $28.00 to $31.00 and gave the stock a “market perform” rating in a research report on Monday, July 27th. Wall Street Zen lowered shares of Midland States Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Midland States Bancorp in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $31.12.

Insider Buying and Selling at Midland States Bancorp

In other news, COO Kyle Mooney sold 2,400 shares of the firm’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $33.33, for a total value of $79,992.00. Following the transaction, the chief operating officer owned 13,610 shares of the company’s stock, valued at approximately $453,621.30. This trade represents a 14.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Jeffrey Ludwig sold 8,383 shares of Midland States Bancorp stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $34.00, for a total transaction of $285,022.00. Following the transaction, the chief executive officer owned 400,971 shares in the company, valued at $13,633,014. The trade was a 2.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 12,470 shares of company stock valued at $421,374 in the last three months. Company insiders own 8.57% of the company’s stock.

Midland States Bancorp Stock Performance

NASDAQ MSBI opened at $32.89 on Thursday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.78 and a quick ratio of 0.78. Midland States Bancorp, Inc. has a 1-year low of $14.24 and a 1-year high of $35.10. The firm has a market capitalization of $682.47 million, a P/E ratio of 21.08 and a beta of 0.65. The business’s 50-day simple moving average is $32.44 and its 200-day simple moving average is $27.89.

Midland States Bancorp (NASDAQ:MSBI) last posted its earnings results on Thursday, July 23rd. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.04. Midland States Bancorp had a net margin of 9.40% and a return on equity of 13.32%. The firm had revenue of $83.74 million during the quarter, compared to the consensus estimate of $80.70 million. Equities analysts predict that Midland States Bancorp, Inc. will post 3.4 EPS for the current year.

Midland States Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 14th were given a $0.33 dividend. The ex-dividend date of this dividend was Friday, August 14th. This is an increase from Midland States Bancorp’s previous quarterly dividend of $0.32. This represents a $1.32 annualized dividend and a dividend yield of 4.0%. Midland States Bancorp’s dividend payout ratio (DPR) is currently 84.62%.

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.