Marshall Wace North America L.P. Buys New Stake in Midland States Bancorp, Inc. (MSBI)
Marshall Wace North America L.P. bought a new position in shares of Midland States Bancorp, Inc. (NASDAQ:MSBI) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 7,333 shares of the financial services provider’s stock, valued at approximately $249,000.
Several other institutional investors also recently bought and sold shares of the company. FMR LLC grew its position in shares of Midland States Bancorp by 1.0% during the 1st quarter. FMR LLC now owns 699,318 shares of the financial services provider’s stock worth $24,049,000 after buying an additional 7,151 shares during the period. Bank of New York Mellon Corp grew its position in shares of Midland States Bancorp by 6.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 450,846 shares of the financial services provider’s stock worth $15,112,000 after buying an additional 25,656 shares during the period. Wellington Management Group LLP acquired a new position in shares of Midland States Bancorp during the 1st quarter worth about $12,813,000. Vanguard Group Inc. grew its position in shares of Midland States Bancorp by 18.4% during the 1st quarter. Vanguard Group Inc. now owns 326,889 shares of the financial services provider’s stock worth $11,241,000 after buying an additional 50,868 shares during the period. Finally, Northpointe Capital LLC grew its position in shares of Midland States Bancorp by 26.9% during the 2nd quarter. Northpointe Capital LLC now owns 239,843 shares of the financial services provider’s stock worth $8,040,000 after buying an additional 50,811 shares during the period. Institutional investors own 46.55% of the company’s stock.
Midland States Bancorp, Inc. (MSBI) opened at 30.15 on Friday. Midland States Bancorp, Inc. has a 12-month low of $24.03 and a 12-month high of $37.58. The company has a market cap of $575.71 million, a PE ratio of 15.69 and a beta of 2.38. The stock’s 50 day moving average price is $30.64 and its 200 day moving average price is $32.75.
Midland States Bancorp (NASDAQ:MSBI) last released its earnings results on Thursday, July 27th. The financial services provider reported $0.51 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.07). Midland States Bancorp had a return on equity of 10.65% and a net margin of 15.60%. The business had revenue of $43.02 million for the quarter, compared to analyst estimates of $45.60 million. Equities research analysts anticipate that Midland States Bancorp, Inc. will post $1.90 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, August 25th. Investors of record on Friday, August 18th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, August 16th. This represents a $0.80 annualized dividend and a yield of 2.65%. Midland States Bancorp’s dividend payout ratio is currently 41.03%.
Several equities analysts have recently issued reports on MSBI shares. Keefe, Bruyette & Woods restated a “buy” rating and set a $37.00 target price on shares of Midland States Bancorp in a research report on Tuesday, August 29th. Zacks Investment Research cut Midland States Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd.
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In related news, Director John M. Schultz sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $30.68, for a total transaction of $61,360.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In the last ninety days, insiders have purchased 1,455 shares of company stock valued at $44,107 and have sold 6,000 shares valued at $191,980. Company insiders own 14.90% of the company’s stock.
About Midland States Bancorp
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