Bridgeway Capital Management LLC trimmed its position in Midland States Bancorp, Inc. (NASDAQ:MSBI - Free Report) by 21.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 115,200 shares of the financial services provider's stock after selling 32,151 shares during the period. Bridgeway Capital Management LLC owned 0.54% of Midland States Bancorp worth $2,811,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MSBI. R Squared Ltd purchased a new stake in Midland States Bancorp during the fourth quarter valued at $39,000. Barclays PLC lifted its stake in shares of Midland States Bancorp by 2.6% in the 4th quarter. Barclays PLC now owns 67,065 shares of the financial services provider's stock worth $1,638,000 after purchasing an additional 1,681 shares during the period. Aquatic Capital Management LLC lifted its stake in shares of Midland States Bancorp by 141.9% in the 4th quarter. Aquatic Capital Management LLC now owns 3,387 shares of the financial services provider's stock worth $83,000 after purchasing an additional 1,987 shares during the period. SG Americas Securities LLC grew its position in Midland States Bancorp by 14.8% during the fourth quarter. SG Americas Securities LLC now owns 16,317 shares of the financial services provider's stock valued at $398,000 after buying an additional 2,103 shares during the period. Finally, Federated Hermes Inc. increased its holdings in Midland States Bancorp by 8.7% during the fourth quarter. Federated Hermes Inc. now owns 29,684 shares of the financial services provider's stock valued at $724,000 after buying an additional 2,388 shares during the last quarter. 60.93% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
MSBI has been the topic of several analyst reports. Keefe, Bruyette & Woods dropped their price target on shares of Midland States Bancorp from $21.00 to $20.00 and set a "market perform" rating on the stock in a research note on Friday, May 2nd. Piper Sandler cut their price target on Midland States Bancorp from $28.50 to $23.00 and set a "neutral" rating for the company in a report on Tuesday, January 28th. DA Davidson reduced their price target on Midland States Bancorp from $27.00 to $21.00 and set a "neutral" rating for the company in a research report on Tuesday, January 28th. Finally, StockNews.com upgraded Midland States Bancorp from a "hold" rating to a "buy" rating in a research report on Monday, May 5th.
Read Our Latest Research Report on Midland States Bancorp
Midland States Bancorp Stock Performance
MSBI traded up $0.49 during midday trading on Monday, reaching $18.62. The company had a trading volume of 118,291 shares, compared to its average volume of 101,071. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.79. Midland States Bancorp, Inc. has a 1 year low of $14.79 and a 1 year high of $28.08. The business has a 50-day moving average of $17.13 and a two-hundred day moving average of $21.38. The company has a market cap of $398.49 million, a P/E ratio of -17.73 and a beta of 0.72.
Midland States Bancorp (NASDAQ:MSBI - Get Free Report) last released its earnings results on Wednesday, April 30th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.05. Midland States Bancorp had a negative return on equity of 1.95% and a negative net margin of 2.74%. The firm had revenue of $76.16 million during the quarter, compared to analysts' expectations of $72.93 million. As a group, equities research analysts predict that Midland States Bancorp, Inc. will post 2.53 earnings per share for the current fiscal year.
Midland States Bancorp Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 16th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 6.66%. The ex-dividend date is Friday, May 16th. Midland States Bancorp's dividend payout ratio is currently -122.77%.
About Midland States Bancorp
(
Free Report)
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.
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