Insider Selling: Midland States Bancorp Inc (MSBI) CEO Sells 2,000 Shares of Stock
Midland States Bancorp Inc (NASDAQ:MSBI) CEO Leon J. Holschbach sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 20th. The stock was sold at an average price of $25.43, for a total value of $50,860.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
NASDAQ:MSBI traded up $0.18 during midday trading on Wednesday, hitting $25.66. 490 shares of the company traded hands, compared to its average volume of 54,831. Midland States Bancorp Inc has a 12-month low of $23.27 and a 12-month high of $36.06. The firm has a market capitalization of $608.97 million, a PE ratio of 12.87, a PEG ratio of 1.50 and a beta of 1.36. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.03 and a current ratio of 1.03.
Midland States Bancorp (NASDAQ:MSBI) last released its quarterly earnings results on Friday, October 26th. The financial services provider reported $0.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.03. Midland States Bancorp had a return on equity of 9.01% and a net margin of 9.27%. The company had revenue of $63.35 million for the quarter, compared to analyst estimates of $66.90 million. Equities analysts forecast that Midland States Bancorp Inc will post 2.45 EPS for the current year.
Several analysts recently weighed in on the company. Zacks Investment Research lowered Midland States Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, September 27th. ValuEngine lowered Midland States Bancorp from a “hold” rating to a “sell” rating in a report on Friday, October 12th. Finally, BidaskClub lowered Midland States Bancorp from a “sell” rating to a “strong sell” rating in a report on Thursday, October 4th.
A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings in Midland States Bancorp by 1.5% during the 3rd quarter. BlackRock Inc. now owns 1,354,678 shares of the financial services provider’s stock valued at $43,485,000 after buying an additional 19,792 shares during the period. FMR LLC grew its position in Midland States Bancorp by 0.3% in the 3rd quarter. FMR LLC now owns 1,063,019 shares of the financial services provider’s stock valued at $34,123,000 after acquiring an additional 2,766 shares during the last quarter. Bank of New York Mellon Corp grew its position in Midland States Bancorp by 0.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 473,052 shares of the financial services provider’s stock valued at $15,185,000 after acquiring an additional 3,044 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Midland States Bancorp by 29.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 445,669 shares of the financial services provider’s stock valued at $14,306,000 after acquiring an additional 102,148 shares during the last quarter. Finally, Northern Trust Corp grew its position in Midland States Bancorp by 42.4% in the 2nd quarter. Northern Trust Corp now owns 230,361 shares of the financial services provider’s stock valued at $7,892,000 after acquiring an additional 68,578 shares during the last quarter. Institutional investors own 45.63% of the company’s stock.
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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