Insider Buying: Midland States Bancorp, Inc. (MSBI) Director Buys 665 Shares of Stock
Midland States Bancorp, Inc. (NASDAQ:MSBI) Director Robert F. Schultz bought 665 shares of the business’s stock in a transaction on Thursday, August 10th. The stock was bought at an average cost of $30.04 per share, with a total value of $19,976.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Midland States Bancorp, Inc. (NASDAQ:MSBI) traded up 0.37% during mid-day trading on Friday, hitting $29.56. The company’s stock had a trading volume of 60,132 shares. The stock has a 50-day moving average of $33.00 and a 200-day moving average of $33.89. The company has a market cap of $564.21 million, a PE ratio of 15.42 and a beta of 2.28. Midland States Bancorp, Inc. has a 12-month low of $22.50 and a 12-month high of $37.58.
Midland States Bancorp (NASDAQ:MSBI) last announced its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by $0.07. Midland States Bancorp had a return on equity of 11.66% and a net margin of 15.60%. The firm had revenue of $43.02 million for the quarter, compared to analysts’ expectations of $45.60 million. On average, equities research analysts forecast that Midland States Bancorp, Inc. will post $1.90 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Friday, August 18th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $0.80 annualized dividend and a dividend yield of 2.72%. Midland States Bancorp’s dividend payout ratio is 41.03%.
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Hedge funds have recently made changes to their positions in the company. Globeflex Capital L P purchased a new stake in shares of Midland States Bancorp during the first quarter valued at about $107,000. Legal & General Group Plc raised its stake in shares of Midland States Bancorp by 581.8% in the second quarter. Legal & General Group Plc now owns 3,941 shares of the financial services provider’s stock valued at $132,000 after buying an additional 3,363 shares in the last quarter. Blair William & Co. IL raised its stake in shares of Midland States Bancorp by 0.9% in the second quarter. Blair William & Co. IL now owns 6,629 shares of the financial services provider’s stock valued at $222,000 after buying an additional 60 shares in the last quarter. Marshall Wace North America L.P. purchased a new stake in shares of Midland States Bancorp during the second quarter valued at about $249,000. Finally, Trexquant Investment LP purchased a new stake in shares of Midland States Bancorp during the second quarter valued at about $282,000. Institutional investors and hedge funds own 30.78% of the company’s stock.
A number of analysts have issued reports on MSBI shares. Zacks Investment Research downgraded Midland States Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $37.00 target price on shares of Midland States Bancorp in a research note on Friday, May 12th.
Midland States Bancorp Company Profile
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