Dimensional Fund Advisors LP Sells 22,035 Shares of Midland States Bancorp, Inc. (NASDAQ:MSBI)

Dimensional Fund Advisors LP reduced its holdings in Midland States Bancorp, Inc. (NASDAQ:MSBI - Free Report) by 1.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 1,320,992 shares of the financial services provider's stock after selling 22,035 shares during the quarter. Dimensional Fund Advisors LP owned approximately 6.17% of Midland States Bancorp worth $32,232,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. R Squared Ltd acquired a new position in Midland States Bancorp in the 4th quarter valued at approximately $39,000. Barclays PLC increased its position in shares of Midland States Bancorp by 2.6% during the fourth quarter. Barclays PLC now owns 67,065 shares of the financial services provider's stock worth $1,638,000 after buying an additional 1,681 shares during the period. SG Americas Securities LLC increased its position in shares of 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 worth $398,000 after buying an additional 2,103 shares during the period. Federated Hermes Inc. increased its position in shares of 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 worth $724,000 after buying an additional 2,388 shares during the period. Finally, Wells Fargo & Company MN increased its position in shares of Midland States Bancorp by 22.0% during the fourth quarter. Wells Fargo & Company MN now owns 14,580 shares of the financial services provider's stock worth $356,000 after buying an additional 2,630 shares during the period. 60.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MSBI. StockNews.com upgraded shares of Midland States Bancorp from a "hold" rating to a "buy" rating in a research report on Monday, May 5th. Piper Sandler decreased their price objective on shares of Midland States Bancorp from $28.50 to $23.00 and set a "neutral" rating for the company in a research report on Tuesday, January 28th. DA Davidson decreased their price target on shares of Midland States Bancorp from $27.00 to $21.00 and set a "neutral" rating for the company in a research note on Tuesday, January 28th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Midland States Bancorp from $21.00 to $20.00 and set a "market perform" rating on the stock in a research report on Friday, May 2nd.

Midland States Bancorp Stock Down 0.7%

Shares of MSBI stock traded down $0.13 on Friday, reaching $18.13. 103,809 shares of the company were exchanged, compared to its average volume of 101,002. Midland States Bancorp, Inc. has a one year low of $14.79 and a one year high of $28.08. The company has a market cap of $388.00 million, a price-to-earnings ratio of -17.27 and a beta of 0.72. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.91 and a quick ratio of 0.91. The company has a 50-day moving average of $17.13 and a 200-day moving average of $21.38.

Midland States Bancorp (NASDAQ:MSBI - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.05. Midland States Bancorp had a negative net margin of 2.74% and a negative return on equity of 1.95%. The business had revenue of $76.16 million for the quarter, compared to analysts' expectations of $72.93 million. Analysts anticipate that Midland States Bancorp, Inc. will post 2.53 earnings per share for the current year.

Midland States Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Friday, May 16th will be given a $0.31 dividend. The ex-dividend date is Friday, May 16th. This represents a $1.24 annualized dividend and a yield of 6.84%. Midland States Bancorp's payout ratio is -122.77%.

Midland States Bancorp Profile

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.