Voya Investment Management LLC acquired a new stake in shares of Midland States Bancorp, Inc. (NASDAQ:MSBI) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 6,720 shares of the financial services provider’s stock, valued at approximately $225,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Legal & General Group Plc grew its stake in Midland States Bancorp by 581.8% during the 2nd quarter. Legal & General Group Plc now owns 3,941 shares of the financial services provider’s stock valued at $132,000 after purchasing an additional 3,363 shares in the last quarter. Blair William & Co. IL grew its stake in Midland States Bancorp by 0.9% during the 2nd quarter. Blair William & Co. IL now owns 6,629 shares of the financial services provider’s stock valued at $222,000 after purchasing an additional 60 shares in the last quarter. Citadel Advisors LLC acquired a new stake in Midland States Bancorp during the 2nd quarter valued at approximately $248,000. Marshall Wace North America L.P. acquired a new stake in Midland States Bancorp during the 2nd quarter valued at approximately $249,000. Finally, Trexquant Investment LP acquired a new stake in Midland States Bancorp during the 2nd quarter valued at approximately $282,000. Hedge funds and other institutional investors own 46.09% of the company’s stock.

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Shares of Midland States Bancorp, Inc. (MSBI) opened at $31.25 on Friday. Midland States Bancorp, Inc. has a 12 month low of $28.09 and a 12 month high of $37.58. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 1.32. The firm has a market capitalization of $596.84, a P/E ratio of 13.65, a price-to-earnings-growth ratio of 2.62 and a beta of 2.30.

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

The company also recently announced a quarterly dividend, which will be paid on Friday, November 24th. Stockholders of record on Friday, November 17th will be given a $0.20 dividend. The ex-dividend date is Thursday, November 16th. This represents a $0.80 annualized dividend and a dividend yield of 2.56%. Midland States Bancorp’s payout ratio is 51.95%.

In other news, Director John M. Schultz sold 2,000 shares of Midland States Bancorp stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $30.68, for a total value of $61,360.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders sold 6,000 shares of company stock valued at $189,320. Insiders own 14.90% of the company’s stock.

A number of equities research analysts have weighed in on the company. Keefe, Bruyette & Woods restated a “buy” rating and set a $42.00 price objective on shares of Midland States Bancorp in a research note on Thursday, October 19th. Zacks Investment Research lowered Midland States Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd.

Midland States Bancorp Profile

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Institutional Ownership by Quarter for Midland States Bancorp (NASDAQ:MSBI)

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