Midland States Bancorp, Inc. (NASDAQ:MSBI) Director Robert F. Schultz sold 2,000 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $31.17, for a total value of $62,340.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Midland States Bancorp, Inc. (NASDAQ MSBI) traded down $0.47 during mid-day trading on Friday, reaching $31.82. The company had a trading volume of 32,627 shares, compared to its average volume of 50,702. The stock has a market capitalization of $616.70, a PE ratio of 14.10, a price-to-earnings-growth ratio of 2.71 and a beta of 2.17. Midland States Bancorp, Inc. has a 12 month low of $28.70 and a 12 month high of $37.58. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.02 and a current ratio of 1.03.

Midland States Bancorp (NASDAQ:MSBI) last released its earnings results on Thursday, October 26th. The financial services provider reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.09). Midland States Bancorp had a return on equity of 10.22% and a net margin of 11.90%. The company had revenue of $52.17 million during the quarter, compared to analysts’ expectations of $55.20 million. equities research analysts predict that Midland States Bancorp, Inc. will post 1.71 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, November 24th. Stockholders of record on Friday, November 17th were paid a $0.20 dividend. The ex-dividend date was Thursday, November 16th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.51%. Midland States Bancorp’s dividend payout ratio is currently 51.95%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. OxFORD Asset Management LLP purchased a new stake in shares of Midland States Bancorp in the second quarter worth $332,000. Stieven Capital Advisors L.P. purchased a new stake in shares of Midland States Bancorp in the second quarter worth $10,394,000. Swiss National Bank purchased a new stake in shares of Midland States Bancorp in the second quarter worth $821,000. Argent Capital Management LLC grew its stake in shares of Midland States Bancorp by 37.0% in the second quarter. Argent Capital Management LLC now owns 43,500 shares of the financial services provider’s stock worth $1,458,000 after acquiring an additional 11,750 shares during the last quarter. Finally, California State Teachers Retirement System grew its stake in shares of Midland States Bancorp by 265.5% in the second quarter. California State Teachers Retirement System now owns 27,120 shares of the financial services provider’s stock worth $909,000 after acquiring an additional 19,700 shares during the last quarter. 45.99% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages recently weighed in on MSBI. Zacks Investment Research cut Midland States Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, October 20th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $42.00 price target on shares of Midland States Bancorp in a research note on Thursday, October 19th. Finally, BidaskClub raised Midland States Bancorp from a “sell” rating to a “hold” rating in a research note on Thursday.

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