Midland States Bancorp Inc (NASDAQ:MSBI) SVP Douglas J. Tucker sold 5,899 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $28.19, for a total value of $166,292.81.

Midland States Bancorp stock traded up $0.11 during mid-day trading on Tuesday, hitting $28.19. The company’s stock had a trading volume of 50,200 shares, compared to its average volume of 61,122. The firm has a market capitalization of $687.90 million, a PE ratio of 13.82 and a beta of 1.36. Midland States Bancorp Inc has a 1 year low of $19.56 and a 1 year high of $28.27. The company has a current ratio of 1.05, a quick ratio of 1.04 and a debt-to-equity ratio of 1.25. The stock’s fifty day moving average is $26.51 and its two-hundred day moving average is $26.17.

Midland States Bancorp (NASDAQ:MSBI) last issued its quarterly earnings data on Friday, October 25th. The financial services provider reported $0.51 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.13). The business had revenue of $69.06 million during the quarter. Midland States Bancorp had a return on equity of 10.01% and a net margin of 18.30%. On average, equities analysts expect that Midland States Bancorp Inc will post 2.49 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Investors of record on Monday, November 18th will be given a $0.2425 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.97 annualized dividend and a yield of 3.44%. Midland States Bancorp’s payout ratio is 47.55%.

Institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC grew its position in Midland States Bancorp by 63.1% in the second quarter. Tower Research Capital LLC TRC now owns 1,036 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 401 shares during the period. Acadian Asset Management LLC purchased a new position in Midland States Bancorp in the second quarter worth approximately $54,000. Bank of Montreal Can grew its position in Midland States Bancorp by 687.3% in the second quarter. Bank of Montreal Can now owns 2,102 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 1,835 shares during the period. Susquehanna International Group LLP purchased a new position in Midland States Bancorp in the second quarter worth approximately $211,000. Finally, UBS Asset Management Americas Inc. purchased a new position in Midland States Bancorp in the second quarter worth approximately $216,000. Institutional investors own 48.17% of the company’s stock.

A number of research firms have recently issued reports on MSBI. Zacks Investment Research lowered Midland States Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, November 5th. ValuEngine lowered Midland States Bancorp from a “hold” rating to a “sell” rating in a research report on Monday, October 21st. Finally, BidaskClub upgraded Midland States Bancorp from a “hold” rating to a “buy” rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating and two have issued a buy rating to the stock. Midland States Bancorp currently has an average rating of “Hold” and an average price target of $27.00.

About Midland States Bancorp

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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