Teachers Advisors LLC Purchases 20,279 Shares of Midland States Bancorp, Inc. (MSBI)

Teachers Advisors LLC grew its position in shares of Midland States Bancorp, Inc. (NASDAQ:MSBI) by 301.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,997 shares of the financial services provider’s stock after acquiring an additional 20,279 shares during the quarter. Teachers Advisors LLC owned 0.14% of Midland States Bancorp worth $905,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Alliancebernstein L.P. raised its stake in shares of Midland States Bancorp by 20.0% during the 2nd quarter. Alliancebernstein L.P. now owns 10,800 shares of the financial services provider’s stock worth $362,000 after purchasing an additional 1,800 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Midland States Bancorp by 27.6% during the 2nd quarter. Wells Fargo & Company MN now owns 84,130 shares of the financial services provider’s stock worth $2,819,000 after purchasing an additional 18,218 shares in the last quarter. Swiss National Bank bought a new stake in shares of Midland States Bancorp during the 2nd quarter worth approximately $821,000. Stieven Capital Advisors L.P. bought a new stake in shares of Midland States Bancorp during the 2nd quarter worth approximately $10,394,000. Finally, Federated Investors Inc. PA raised its stake in shares of Midland States Bancorp by 4.8% during the 2nd quarter. Federated Investors Inc. PA now owns 40,738 shares of the financial services provider’s stock worth $1,366,000 after purchasing an additional 1,848 shares in the last quarter. 46.67% of the stock is owned by hedge funds and other institutional investors.

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A number of equities research analysts have recently issued reports on MSBI shares. Zacks Investment Research cut Midland States Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $37.00 price objective on shares of Midland States Bancorp in a research note on Tuesday, August 29th.

Shares of Midland States Bancorp, Inc. (MSBI) opened at $32.13 on Friday. The company has a market capitalization of $623.27 million, a PE ratio of 14.25, a P/E/G ratio of 2.73 and a beta of 2.30. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.01 and a quick ratio of 1.00.

Midland States Bancorp (NASDAQ:MSBI) last issued its earnings results on Thursday, October 26th. The financial services provider reported $0.49 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.09). The firm had revenue of $52.17 million during the quarter, compared to analysts’ expectations of $55.20 million. Midland States Bancorp had a net margin of 11.90% and a return on equity of 10.77%. equities analysts expect that Midland States Bancorp, Inc. will post 1.71 earnings per share for the current year.

In other news, Director John M. Schultz sold 2,000 shares of Midland States Bancorp stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $30.68, for a total value of $61,360.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In the last ninety days, insiders bought 1,455 shares of company stock worth $44,107 and sold 6,000 shares worth $189,320. 14.90% of the stock is owned by insiders.

About Midland States Bancorp

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).

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

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