Two Sigma Investments LP Decreases Stock Holdings in Midland States Bancorp, Inc. (NASDAQ:MSBI)

Two Sigma Investments LP lessened its holdings in Midland States Bancorp, Inc. (NASDAQ:MSBI - Free Report) by 17.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 83,355 shares of the financial services provider's stock after selling 17,239 shares during the period. Two Sigma Investments LP owned about 0.39% of Midland States Bancorp worth $2,034,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in MSBI. Hillsdale Investment Management Inc. purchased a new position in Midland States Bancorp in the 4th quarter worth $2,606,000. AQR Capital Management LLC boosted its position in Midland States Bancorp by 108.0% in the fourth quarter. AQR Capital Management LLC now owns 195,267 shares of the financial services provider's stock valued at $4,765,000 after buying an additional 101,397 shares during the last quarter. Nuveen Asset Management LLC increased its holdings in Midland States Bancorp by 72.7% in the 4th quarter. Nuveen Asset Management LLC now owns 167,103 shares of the financial services provider's stock worth $4,077,000 after buying an additional 70,320 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in Midland States Bancorp by 392.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 86,621 shares of the financial services provider's stock worth $2,114,000 after buying an additional 69,038 shares during the period. Finally, Dana Investment Advisors Inc. purchased a new position in Midland States Bancorp during the 4th quarter worth approximately $1,382,000. 60.93% of the stock is currently owned by hedge funds and other institutional investors.

Midland States Bancorp Price Performance

NASDAQ MSBI traded down $0.10 on Thursday, hitting $16.45. The company had a trading volume of 23,803 shares, compared to its average volume of 123,048. Midland States Bancorp, Inc. has a 12-month low of $14.79 and a 12-month high of $28.08. 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's fifty day moving average price is $16.86 and its 200-day moving average price is $20.39. The company has a market capitalization of $352.05 million, a PE ratio of -15.67 and a beta of 0.72.

Midland States Bancorp (NASDAQ:MSBI - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.57 EPS for the quarter, beating the consensus estimate of $0.52 by $0.05. The firm had revenue of $76.16 million for the quarter, compared to analyst estimates of $72.93 million. Midland States Bancorp had a negative net margin of 2.74% and a negative return on equity of 1.95%. As a group, analysts predict 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 disclosed a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 16th were issued a $0.31 dividend. The ex-dividend date was Friday, May 16th. This represents a $1.24 annualized dividend and a yield of 7.54%. Midland States Bancorp's dividend payout ratio (DPR) is currently -122.77%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods dropped 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 note on Friday, May 2nd. Wall Street Zen downgraded shares of Midland States Bancorp from a "buy" rating to a "hold" rating in a report on Tuesday, May 20th.

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.