AJOVista LLC Makes New $67,000 Investment in Midland States Bancorp, Inc. (NASDAQ:MSBI)

AJOVista LLC bought a new position in Midland States Bancorp, Inc. (NASDAQ:MSBI) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 2,415 shares of the financial services provider’s stock, valued at approximately $67,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MSBI. SG Americas Securities LLC increased its position in Midland States Bancorp by 89.4% in the third quarter. SG Americas Securities LLC now owns 13,542 shares of the financial services provider’s stock worth $278,000 after purchasing an additional 6,393 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Midland States Bancorp by 1.7% during the third quarter. Bank of New York Mellon Corp now owns 186,258 shares of the financial services provider’s stock worth $3,826,000 after buying an additional 3,154 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Midland States Bancorp by 110.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,168 shares of the financial services provider’s stock valued at $127,000 after purchasing an additional 3,244 shares in the last quarter. New York State Common Retirement Fund raised its position in Midland States Bancorp by 3.3% in the 3rd quarter. New York State Common Retirement Fund now owns 47,674 shares of the financial services provider’s stock valued at $979,000 after purchasing an additional 1,508 shares in the last quarter. Finally, WINTON GROUP Ltd acquired a new position in shares of Midland States Bancorp during the third quarter worth $244,000. Institutional investors own 60.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on MSBI shares. Keefe, Bruyette & Woods dropped their price target on Midland States Bancorp from $28.00 to $26.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 30th. Piper Sandler reduced their price objective on shares of Midland States Bancorp from $26.00 to $24.50 and set a “neutral” rating for the company in a research report on Tuesday, April 30th. Finally, Stephens lowered their price target on shares of Midland States Bancorp from $29.00 to $27.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 30th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $25.63.

Midland States Bancorp Price Performance

NASDAQ:MSBI opened at $24.00 on Monday. The firm has a market cap of $524.40 million, a price-to-earnings ratio of 8.08 and a beta of 0.79. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.91. Midland States Bancorp, Inc. has a 12-month low of $18.54 and a 12-month high of $28.47. The company’s 50-day moving average is $23.94 and its two-hundred day moving average is $24.49.

Midland States Bancorp (NASDAQ:MSBI) last posted its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.18). The company had revenue of $122.86 million for the quarter, compared to analysts’ expectations of $75.05 million. Midland States Bancorp had a return on equity of 11.56% and a net margin of 15.17%. During the same period in the prior year, the business earned $0.88 EPS. Research analysts expect that Midland States Bancorp, Inc. will post 2.76 EPS for the current year.

Midland States Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 16th were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 5.17%. The ex-dividend date was Thursday, February 15th. This is a boost from Midland States Bancorp’s previous quarterly dividend of $0.30. Midland States Bancorp’s payout ratio is currently 42.18%.

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, 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.