Barclays PLC Has $1.46 Million Holdings in Midland States Bancorp, Inc. (NASDAQ:MSBI)

Barclays PLC increased its stake in shares of Midland States Bancorp, Inc. (NASDAQ:MSBI) by 55.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 65,384 shares of the financial services provider’s stock after buying an additional 23,242 shares during the quarter. Barclays PLC’s holdings in Midland States Bancorp were worth $1,463,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its holdings in shares of Midland States Bancorp by 6.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 165,615 shares of the financial services provider’s stock worth $3,751,000 after acquiring an additional 10,354 shares during the period. Rhumbline Advisers lifted its stake in shares of Midland States Bancorp by 2.1% in the 2nd 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 last quarter. Acadian Asset Management LLC boosted its holdings in shares of Midland States Bancorp by 69.6% during the 2nd quarter. Acadian Asset Management LLC now owns 74,722 shares of the financial services provider’s stock valued at $1,691,000 after acquiring an additional 30,677 shares in the last quarter. American Century Companies Inc. grew its position in Midland States Bancorp by 16.0% during the 2nd quarter. American Century Companies Inc. now owns 402,092 shares of the financial services provider’s stock worth $9,107,000 after acquiring an additional 55,555 shares during the last quarter. Finally, Hsbc Holdings PLC raised its holdings in Midland States Bancorp by 9.9% in the 2nd quarter. Hsbc Holdings PLC now owns 28,562 shares of the financial services provider’s stock valued at $652,000 after buying an additional 2,562 shares during the last quarter. Institutional investors own 60.93% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on MSBI shares. StockNews.com lowered Midland States Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, November 22nd. Piper Sandler boosted their price objective on Midland States Bancorp from $26.00 to $27.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Finally, 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 research report on Wednesday, December 4th.

Midland States Bancorp Trading Down 3.9 %

NASDAQ:MSBI opened at $22.67 on Monday. The company has a market cap of $485.16 million, a PE ratio of 9.81 and a beta of 0.76. Midland States Bancorp, Inc. has a one year low of $20.54 and a one year high of $28.10. The firm has a 50-day moving average of $25.77 and a 200-day moving average of $23.82. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.91 and a quick ratio of 0.91.

Midland States Bancorp (NASDAQ:MSBI) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $124.17 million for the quarter, compared to the consensus estimate of $72.90 million. During the same period in the previous year, the firm earned $0.78 EPS. As a group, equities research analysts expect that Midland States Bancorp, Inc. will post 2.16 EPS for the current fiscal year.

Midland States Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 5.47%. The ex-dividend date was Monday, November 18th. Midland States Bancorp’s dividend payout ratio (DPR) is currently 53.68%.

Insider Activity at Midland States Bancorp

In other Midland States Bancorp news, CEO Jeffrey G. Ludwig sold 12,753 shares of the company’s stock in a transaction dated Tuesday, October 29th. The stock was 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 in the company, valued at $8,433,286.20. This represents a 3.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.60% of the stock is owned by company insiders.

Midland States Bancorp 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.