First Trust Advisors LP Acquires 12,666 Shares of Midland States Bancorp Inc (MSBI)

First Trust Advisors LP raised its holdings in Midland States Bancorp Inc (NASDAQ:MSBI) by 24.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 64,814 shares of the financial services provider’s stock after buying an additional 12,666 shares during the period. First Trust Advisors LP owned about 0.27% of Midland States Bancorp worth $2,081,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in shares of Midland States Bancorp by 30.1% in the second quarter. BlackRock Inc. now owns 1,334,886 shares of the financial services provider’s stock valued at $45,733,000 after buying an additional 308,568 shares in the last quarter. FMR LLC lifted its stake in shares of Midland States Bancorp by 25.2% in the second quarter. FMR LLC now owns 1,060,253 shares of the financial services provider’s stock valued at $36,324,000 after buying an additional 213,320 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Midland States Bancorp by 1.2% in the second quarter. Bank of New York Mellon Corp now owns 470,008 shares of the financial services provider’s stock valued at $16,101,000 after buying an additional 5,392 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Midland States Bancorp by 51.4% in the second quarter. Dimensional Fund Advisors LP now owns 343,521 shares of the financial services provider’s stock valued at $11,769,000 after buying an additional 116,594 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Midland States Bancorp by 42.4% in the second quarter. Northern Trust Corp now owns 230,361 shares of the financial services provider’s stock valued at $7,892,000 after buying an additional 68,578 shares in the last quarter. 45.63% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO Leon J. Holschbach sold 6,000 shares of the firm’s stock in a transaction dated Thursday, November 29th. The shares were sold at an average price of $26.16, for a total transaction of $156,960.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Sharon A. Schaubert sold 12,338 shares of the firm’s stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $34.04, for a total transaction of $419,985.52. Following the sale, the senior vice president now owns 25,007 shares of the company’s stock, valued at approximately $851,238.28. The disclosure for this sale can be found here. Insiders have sold 39,160 shares of company stock valued at $1,180,534 in the last 90 days. 14.90% of the stock is currently owned by corporate insiders.

MSBI opened at $25.95 on Monday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.03 and a current ratio of 1.03. Midland States Bancorp Inc has a fifty-two week low of $23.27 and a fifty-two week high of $36.06. The stock has a market cap of $615.14 million, a P/E ratio of 13.04, a PEG ratio of 1.51 and a beta of 1.36.

Midland States Bancorp (NASDAQ:MSBI) last released its quarterly earnings results on Friday, October 26th. The financial services provider reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. Midland States Bancorp had a net margin of 9.27% and a return on equity of 9.01%. The company had revenue of $63.35 million for the quarter, compared to analyst estimates of $66.90 million. Equities research analysts predict that Midland States Bancorp Inc will post 2.45 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 26th. Investors of record on Monday, November 19th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, November 16th. This represents a $0.88 dividend on an annualized basis and a yield of 3.39%. Midland States Bancorp’s dividend payout ratio (DPR) is presently 44.22%.

A number of research firms recently weighed in on MSBI. Zacks Investment Research lowered shares of Midland States Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, September 27th. ValuEngine lowered shares of Midland States Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, October 12th. Finally, BidaskClub lowered shares of Midland States Bancorp from a “sell” rating to a “strong sell” rating in a research report on Thursday, October 4th.

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Midland States Bancorp Profile

Midland States Bancorp, Inc operates as a financial holding company for Midland States Bank that provides banking and financial products and services to individuals, businesses, municipalities, and other entities. The company's deposit products include checking, savings, money market, and sweep accounts, as well as certificates of deposits, noninterest-bearing and interest-bearing demand deposits, and time deposits.

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

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