Midland States Bancorp, Inc. (NASDAQ:MSBI) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC lifted its position in shares of Midland States Bancorp, Inc. (NASDAQ:MSBI) by 47.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,214 shares of the financial services provider’s stock after purchasing an additional 4,576 shares during the period. SG Americas Securities LLC’s holdings in Midland States Bancorp were worth $318,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Rhumbline Advisers boosted its holdings in shares of Midland States Bancorp by 2.1% during the second quarter. Rhumbline Advisers now owns 33,607 shares of the financial services provider’s stock valued at $761,000 after acquiring an additional 683 shares during the period. Los Angeles Capital Management LLC boosted its position in Midland States Bancorp by 9.0% during the first quarter. Los Angeles Capital Management LLC now owns 18,575 shares of the financial services provider’s stock valued at $467,000 after purchasing an additional 1,532 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in Midland States Bancorp during the first quarter valued at $42,000. Hsbc Holdings PLC lifted its position in shares of Midland States Bancorp by 9.9% in the second quarter. Hsbc Holdings PLC now owns 28,562 shares of the financial services provider’s stock worth $652,000 after buying an additional 2,562 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its position in shares of Midland States Bancorp by 6.1% in the second quarter. Thrivent Financial for Lutherans now owns 68,640 shares of the financial services provider’s stock worth $1,554,000 after buying an additional 3,976 shares during the last quarter. Institutional investors own 60.93% of the company’s stock.

Midland States Bancorp Stock Performance

Shares of NASDAQ:MSBI opened at $23.77 on Friday. The company’s 50 day simple moving average is $22.27 and its 200 day simple moving average is $22.78. The stock has a market capitalization of $510.63 million, a price-to-earnings ratio of 8.09 and a beta of 0.75. Midland States Bancorp, Inc. has a 1 year low of $19.96 and a 1 year high of $28.47. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.95 and a quick ratio of 0.95.

Midland States Bancorp (NASDAQ:MSBI) last released its earnings results on Thursday, July 25th. The financial services provider reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.52). Midland States Bancorp had a net margin of 12.10% and a return on equity of 9.24%. The firm had revenue of $120.95 million during the quarter, compared to analyst estimates of $74.90 million. During the same quarter in the previous year, the firm earned $0.87 EPS. As a group, research analysts predict that Midland States Bancorp, Inc. will post 2 EPS for the current fiscal year.

Midland States Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 16th were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 5.22%. The ex-dividend date was Friday, August 16th. Midland States Bancorp’s payout ratio is currently 42.18%.

Analyst Upgrades and Downgrades

MSBI has been the topic of several research reports. Piper Sandler boosted their price target on Midland States Bancorp from $24.50 to $27.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th. Keefe, Bruyette & Woods cut their price target on Midland States Bancorp from $26.00 to $24.00 and set a “market perform” rating on the stock in a research note on Monday, July 29th.

About Midland States Bancorp

Midland States Bancorp, Inc operates as a financial holding company for Midland States Bank that provides various banking products and services to individuals, businesses, municipalities, and other entities. It operates through Banking, Wealth Management, and Other segments. The company provides a range of financial products and services to consumers and businesses, including commercial loans to finance agricultural equipment and production; and commercial real estate loans for owner occupied offices, warehouses and production facilities, office buildings, hotels, mixed-use residential and commercial facilities, retail centers, multifamily properties, and assisted living facilities.