Midland States Bancorp Inc (NASDAQ:MSBI) Director John M. Schultz sold 2,000 shares of the stock in a transaction on Monday, September 17th. The stock was sold at an average price of $33.70, for a total value of $67,400.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

John M. Schultz also recently made the following trade(s):

  • On Tuesday, September 4th, John M. Schultz sold 2,000 shares of Midland States Bancorp stock. The stock was sold at an average price of $34.42, for a total value of $68,840.00.
  • On Wednesday, August 15th, John M. Schultz sold 2,000 shares of Midland States Bancorp stock. The stock was sold at an average price of $34.58, for a total value of $69,160.00.
  • On Wednesday, August 1st, John M. Schultz sold 2,000 shares of Midland States Bancorp stock. The stock was sold at an average price of $34.20, for a total value of $68,400.00.
  • On Monday, July 16th, John M. Schultz sold 2,000 shares of Midland States Bancorp stock. The shares were sold at an average price of $34.68, for a total value of $69,360.00.
  • On Monday, July 2nd, John M. Schultz sold 2,000 shares of Midland States Bancorp stock. The shares were sold at an average price of $34.21, for a total value of $68,420.00.

Shares of NASDAQ MSBI traded down $0.33 during midday trading on Tuesday, hitting $33.20. 9,776 shares of the stock traded hands, compared to its average volume of 37,109. The company has a market cap of $804.72 million, a price-to-earnings ratio of 16.68, a P/E/G ratio of 2.01 and a beta of 0.85. Midland States Bancorp Inc has a one year low of $29.75 and a one year high of $36.50. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 1.39.

Midland States Bancorp (NASDAQ:MSBI) last announced its quarterly earnings results on Thursday, July 26th. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.03. Midland States Bancorp had a return on equity of 8.50% and a net margin of 7.33%. The business had revenue of $64.23 million during the quarter, compared to the consensus estimate of $65.80 million. equities research analysts anticipate that Midland States Bancorp Inc will post 2.42 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 24th. Investors of record on Friday, August 17th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, August 16th. This represents a $0.88 annualized dividend and a yield of 2.65%. Midland States Bancorp’s dividend payout ratio (DPR) is currently 44.22%.

Institutional investors have recently made changes to their positions in the stock. Assetmark Inc. bought a new stake in Midland States Bancorp during the first quarter worth $138,000. Zebra Capital Management LLC bought a new stake in Midland States Bancorp during the second quarter worth $235,000. Metropolitan Life Insurance Co. NY grew its holdings in Midland States Bancorp by 32.1% during the second quarter. Metropolitan Life Insurance Co. NY now owns 7,086 shares of the financial services provider’s stock worth $243,000 after buying an additional 1,723 shares in the last quarter. Alpine Woods Capital Investors LLC bought a new stake in Midland States Bancorp during the first quarter worth $252,000. Finally, MetLife Investment Advisors LLC boosted its position in Midland States Bancorp by 33.4% in the second quarter. MetLife Investment Advisors LLC now owns 10,034 shares of the financial services provider’s stock worth $344,000 after purchasing an additional 2,513 shares during the last quarter. Institutional investors and hedge funds own 45.60% of the company’s stock.

MSBI has been the subject of several recent research reports. Zacks Investment Research downgraded Midland States Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, September 8th. BidaskClub downgraded Midland States Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, June 30th.

Midland States Bancorp Company Profile

Midland States Bancorp, Inc operates as a financial holding company for Midland States Bank that provides banking and financial products and services to individuals, businesses, municipalities, and other entities. The company's deposit products include checking, savings, money market, and sweep accounts, as well as certificates of deposits, noninterest-bearing and interest-bearing demand deposits, and time deposits.

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Insider Buying and Selling by Quarter for Midland States Bancorp (NASDAQ:MSBI)

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