Universal Beteiligungs und Servicegesellschaft mbH Invests $1.32 Million in Midland States Bancorp, Inc. (NASDAQ:MSBI)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Midland States Bancorp, Inc. (NASDAQ:MSBI - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 53,880 shares of the financial services provider's stock, valued at approximately $1,315,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.25% of Midland States Bancorp as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Aquatic Capital Management LLC boosted its stake in shares of Midland States Bancorp by 141.9% during 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 in the last quarter. Point72 Asset Management L.P. boosted its stake in shares of Midland States Bancorp by 136.9% during 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 in the last quarter. Price T Rowe Associates Inc. MD bought a new stake in shares of Midland States Bancorp during the 4th quarter worth about $201,000. Ieq Capital LLC bought a new stake in shares of Midland States Bancorp during the 4th quarter worth about $210,000. Finally, Lazard Asset Management LLC bought a new stake in shares of Midland States Bancorp during the 4th quarter worth about $223,000. Institutional investors own 60.93% of the company's stock.

Midland States Bancorp Stock Performance

Shares of NASDAQ MSBI traded up $0.43 during trading hours on Friday, hitting $16.96. 89,040 shares of the company's stock were exchanged, compared to its average volume of 107,230. Midland States Bancorp, Inc. has a 1-year low of $14.79 and a 1-year 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 stock has a market capitalization of $362.96 million, a price-to-earnings ratio of -16.15 and a beta of 0.75. The company's 50-day moving average price is $16.84 and its 200-day moving average price is $20.22.

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 EPS for the quarter, beating the consensus estimate of $0.52 by $0.05. The firm had revenue of $76.16 million during the quarter, compared to analysts' expectations of $72.93 million. Midland States Bancorp had a negative return on equity of 1.95% and a negative net margin of 2.74%. On average, sell-side analysts expect that Midland States Bancorp, Inc. will post 2.53 earnings per share for the current fiscal year.

Midland States Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders 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 dividend on an annualized basis and a dividend yield of 7.31%. Midland States Bancorp's payout ratio is presently -122.77%.

Analysts Set New Price Targets

MSBI has been the subject of several recent analyst reports. Keefe, Bruyette & Woods decreased their price target on Midland States Bancorp from $21.00 to $20.00 and set a "market perform" rating for the company in a research note on Friday, May 2nd. Wall Street Zen downgraded Midland States Bancorp from a "buy" rating to a "hold" rating in a research note 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.