Segall Bryant & Hamill LLC Purchases New Shares in Midland States Bancorp, Inc. (NASDAQ:MSBI)

Segall Bryant & Hamill LLC purchased a new stake in Midland States Bancorp, Inc. (NASDAQ:MSBI - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 96,008 shares of the financial services provider's stock, valued at approximately $1,644,000. Segall Bryant & Hamill LLC owned approximately 0.45% of Midland States Bancorp as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Nuveen Asset Management LLC increased its position in shares of Midland States Bancorp by 72.7% during the 4th quarter. Nuveen Asset Management LLC now owns 167,103 shares of the financial services provider's stock valued at $4,077,000 after purchasing an additional 70,320 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Midland States Bancorp by 33.8% during the 4th quarter. JPMorgan Chase & Co. now owns 147,560 shares of the financial services provider's stock valued at $3,600,000 after purchasing an additional 37,254 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of Midland States Bancorp by 45.0% during the 4th quarter. BNP Paribas Financial Markets now owns 70,062 shares of the financial services provider's stock valued at $1,710,000 after purchasing an additional 21,729 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Midland States Bancorp by 15.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 33,873 shares of the financial services provider's stock valued at $827,000 after purchasing an additional 4,503 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Midland States Bancorp by 2,114.8% during the 1st quarter. GAMMA Investing LLC now owns 9,125 shares of the financial services provider's stock valued at $156,000 after purchasing an additional 8,713 shares during the last quarter. Hedge funds and other institutional investors own 60.93% of the company's stock.

Midland States Bancorp Trading Down 0.9%

MSBI traded down $0.17 on Friday, hitting $18.48. 90,524 shares of the company were exchanged, compared to its average volume of 108,739. The firm has a fifty day simple moving average of $17.55 and a two-hundred day simple moving average of $18.49. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.81 and a current ratio of 0.86. Midland States Bancorp, Inc. has a 12 month low of $14.79 and a 12 month high of $28.08. The stock has a market capitalization of $397.50 million, a PE ratio of -18.30 and a beta of 0.74.

Midland States Bancorp (NASDAQ:MSBI - Get Free Report) last posted its quarterly 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 1.89% and a negative net margin of 2.59%. The business had revenue of $76.16 million for the quarter, compared to analyst estimates of $72.93 million. Sell-side analysts expect that Midland States Bancorp, Inc. will post 2.53 earnings per share for the current year.

Midland States Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 16th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.24 annualized dividend and a yield of 6.71%. Midland States Bancorp's payout ratio is -122.77%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on MSBI shares. Keefe, Bruyette & Woods reduced their price objective on 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. Wall Street Zen lowered Midland States Bancorp from a "buy" rating to a "hold" rating in a research report on Tuesday, May 20th. Finally, Piper Sandler reiterated a "neutral" rating and set a $21.00 price objective (up from $18.00) on shares of Midland States Bancorp in a research report on Friday, July 11th.

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.