Schwab Charles Investment Management Inc. bought a new stake in Midland States Bancorp, Inc. (NASDAQ:MSBI) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 25,700 shares of the financial services provider’s stock, valued at approximately $862,000. Schwab Charles Investment Management Inc. owned approximately 0.16% of Midland States Bancorp at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of MSBI. Vanguard Group Inc. increased its holdings in Midland States Bancorp by 18.4% in the first quarter. Vanguard Group Inc. now owns 326,889 shares of the financial services provider’s stock valued at $11,241,000 after buying an additional 50,868 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of Midland States Bancorp during the 1st quarter worth approximately $980,000. JPMorgan Chase & Co. increased its stake in shares of Midland States Bancorp by 40.6% during the 1st quarter. JPMorgan Chase & Co. now owns 64,139 shares of the financial services provider’s stock worth $2,206,000 after purchasing an additional 18,521 shares in the last quarter. Trexquant Investment LP purchased a new position in shares of Midland States Bancorp during the 2nd quarter worth approximately $282,000. Finally, OppenheimerFunds Inc. increased its stake in shares of Midland States Bancorp by 83.0% during the 1st quarter. OppenheimerFunds Inc. now owns 17,531 shares of the financial services provider’s stock worth $603,000 after purchasing an additional 7,952 shares in the last quarter. 46.67% of the stock is owned by institutional investors.
A number of research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods reissued a “buy” rating and set a $37.00 price objective on shares of Midland States Bancorp in a research note on Tuesday, August 29th. Zacks Investment Research cut shares of Midland States Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd.
Midland States Bancorp, Inc. (MSBI) opened at 32.45 on Wednesday. The stock’s 50 day moving average is $32.82 and its 200-day moving average is $32.99. Midland States Bancorp, Inc. has a 52 week low of $24.70 and a 52 week high of $37.58. The stock has a market capitalization of $619.63 million, a PE ratio of 16.88 and a beta of 2.37.
Midland States Bancorp (NASDAQ:MSBI) last released its earnings results on Thursday, October 26th. The financial services provider reported $0.49 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.09). Midland States Bancorp had a net margin of 11.90% and a return on equity of 10.77%. The business had revenue of $52.17 million for the quarter, compared to analyst estimates of $55.20 million. Equities research analysts forecast that Midland States Bancorp, Inc. will post $1.89 EPS for the current year.
In related news, Director John M. Schultz sold 2,000 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $31.76, for a total transaction of $63,520.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders have purchased 1,455 shares of company stock valued at $44,107. Company insiders own 14.90% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “25,700 Shares in Midland States Bancorp, Inc. (MSBI) Purchased by Schwab Charles Investment Management Inc.” was originally posted by Community Financial News and is owned by of Community Financial News. If you are accessing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark and copyright law. The legal version of this piece of content can be accessed at https://www.com-unik.info/2017/11/01/25700-shares-in-midland-states-bancorp-inc-msbi-purchased-by-schwab-charles-investment-management-inc.html.
Midland States Bancorp Company Profile
Want to see what other hedge funds are holding MSBI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Midland States Bancorp, Inc. (NASDAQ:MSBI).
What are top analysts saying about Midland States Bancorp Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Midland States Bancorp Inc. and related companies.