BNP Paribas Financial Markets Has $1.08 Million Stock Holdings in Midland States Bancorp, Inc. (NASDAQ:MSBI)

BNP Paribas Financial Markets increased its holdings in Midland States Bancorp, Inc. (NASDAQ:MSBI) by 76.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,333 shares of the financial services provider’s stock after purchasing an additional 20,900 shares during the period. BNP Paribas Financial Markets’ holdings in Midland States Bancorp were worth $1,082,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in MSBI. American Century Companies Inc. increased its holdings in shares of Midland States Bancorp by 16.0% during the second quarter. American Century Companies Inc. now owns 402,092 shares of the financial services provider’s stock worth $9,107,000 after buying an additional 55,555 shares in the last quarter. Acadian Asset Management LLC increased its holdings in shares of Midland States Bancorp by 69.6% during the second quarter. Acadian Asset Management LLC now owns 74,722 shares of the financial services provider’s stock worth $1,691,000 after buying an additional 30,677 shares in the last quarter. Bank of Montreal Can acquired a new stake in shares of Midland States Bancorp during the second quarter worth approximately $1,350,000. Hsbc Holdings PLC increased its holdings in shares of Midland States Bancorp by 9.9% during 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 in the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of Midland States Bancorp by 47.5% during the third quarter. SG Americas Securities LLC now owns 14,214 shares of the financial services provider’s stock worth $318,000 after buying an additional 4,576 shares in the last quarter. Institutional investors and hedge funds own 60.93% of the company’s stock.

Insider Buying and Selling at Midland States Bancorp

In other Midland States Bancorp news, CEO Jeffrey G. Ludwig sold 12,753 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $24.52, for a total value of $312,703.56. Following the transaction, the chief executive officer now directly owns 343,935 shares of the company’s stock, valued at approximately $8,433,286.20. This trade represents a 3.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.60% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on MSBI shares. StockNews.com lowered shares of Midland States Bancorp from a “buy” rating to a “hold” rating in a report on Friday, November 22nd. Keefe, Bruyette & Woods raised their price objective on shares of Midland States Bancorp from $24.00 to $28.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Finally, Piper Sandler raised their price objective on shares of Midland States Bancorp from $26.00 to $27.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th.

Midland States Bancorp Price Performance

MSBI opened at $26.85 on Wednesday. Midland States Bancorp, Inc. has a one year low of $20.54 and a one year high of $28.47. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.91 and a quick ratio of 0.91. The company’s 50 day simple moving average is $25.08 and its 200-day simple moving average is $23.43. The stock has a market capitalization of $574.59 million, a P/E ratio of 11.62 and a beta of 0.75.

Midland States Bancorp (NASDAQ:MSBI) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, beating the consensus estimate of $0.63 by $0.11. Midland States Bancorp had a net margin of 12.13% and a return on equity of 8.90%. The business had revenue of $124.17 million for the quarter, compared to analysts’ expectations of $72.90 million. During the same period in the prior year, the firm earned $0.78 earnings per share. Sell-side analysts anticipate that Midland States Bancorp, Inc. will post 2.16 earnings per share for the current fiscal year.

Midland States Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Monday, November 18th were paid a $0.31 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.24 dividend on an annualized basis and a yield of 4.62%. Midland States Bancorp’s payout ratio is presently 53.68%.

Midland States Bancorp Company Profile

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.