25,700 Shares in Midland States Bancorp, Inc. (MSBI) Purchased by Schwab Charles Investment Management Inc.

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.

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Midland States Bancorp Company Profile

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Institutional Ownership by Quarter for Midland States Bancorp (NASDAQ:MSBI)

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