Two Sigma Investments LP Sells 17,239 Shares of Midland States Bancorp, Inc. (NASDAQ:MSBI)

Two Sigma Investments LP lowered its holdings in shares of Midland States Bancorp, Inc. (NASDAQ:MSBI - Free Report) by 17.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 83,355 shares of the financial services provider's stock after selling 17,239 shares during the quarter. Two Sigma Investments LP owned about 0.39% of Midland States Bancorp worth $2,034,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. R Squared Ltd bought a new position in Midland States Bancorp in the 4th quarter worth $39,000. Aquatic Capital Management LLC raised its holdings in 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 acquiring an additional 1,987 shares during the period. Point72 Asset Management L.P. raised its holdings in Midland States Bancorp by 136.9% in the 4th quarter. Point72 Asset Management L.P. now owns 4,730 shares of the financial services provider's stock worth $115,000 after acquiring an additional 2,733 shares during the period. Price T Rowe Associates Inc. MD bought a new position in Midland States Bancorp in the 4th quarter worth $201,000. Finally, Ieq Capital LLC bought a new position in Midland States Bancorp in the 4th quarter worth $210,000. Institutional investors own 60.93% of the company's stock.

Analysts Set New Price Targets

MSBI has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of Midland States Bancorp from a "buy" rating to a "hold" rating in a report on Tuesday, May 20th. Keefe, Bruyette & Woods decreased 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 report on Friday, May 2nd.

Midland States Bancorp Price Performance

Shares of Midland States Bancorp stock traded down $0.02 during trading on Thursday, hitting $16.53. 141,646 shares of the company's stock traded hands, compared to its average volume of 106,859. 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 firm's fifty day moving average price is $16.85 and its 200 day moving average price is $20.32. Midland States Bancorp, Inc. has a twelve month low of $14.79 and a twelve month high of $28.08. The company has a market cap of $353.76 million, a PE ratio of -15.74 and a beta of 0.72.

Midland States Bancorp (NASDAQ:MSBI - Get Free Report) last issued its 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. The business 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%. Analysts forecast that Midland States Bancorp, Inc. will post 2.53 earnings per share for the current year.

Midland States Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 16th were given a $0.31 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.24 dividend on an annualized basis and a yield of 7.50%. Midland States Bancorp's dividend payout ratio (DPR) is presently -122.77%.

Midland States Bancorp Company 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.