KLP Kapitalforvaltning AS Invests $437,000 in Midland States Bancorp, Inc. (NASDAQ:MSBI)

KLP Kapitalforvaltning AS bought a new position in Midland States Bancorp, Inc. (NASDAQ:MSBI - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 17,900 shares of the financial services provider's stock, valued at approximately $437,000. KLP Kapitalforvaltning AS owned approximately 0.08% of Midland States Bancorp as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Point72 DIFC Ltd bought a new position in Midland States Bancorp in the 3rd quarter valued at approximately $31,000. R Squared Ltd bought a new position in shares of Midland States Bancorp during the fourth quarter valued at $39,000. Point72 Asset Management L.P. purchased a new stake in shares of Midland States Bancorp during the third quarter valued at $45,000. Quantbot Technologies LP increased its holdings in Midland States Bancorp by 25.8% in the 3rd quarter. Quantbot Technologies LP now owns 2,475 shares of the financial services provider's stock worth $55,000 after buying an additional 507 shares in the last quarter. Finally, Ieq Capital LLC purchased a new position in Midland States Bancorp in the 4th quarter worth about $210,000. Hedge funds and other institutional investors own 60.93% of the company's stock.

Midland States Bancorp Stock Performance

Shares of Midland States Bancorp stock traded up $0.75 on Wednesday, hitting $16.46. 179,068 shares of the company's stock were exchanged, compared to its average volume of 96,180. Midland States Bancorp, Inc. has a 1 year low of $14.07 and a 1 year high of $28.08. The company has a 50-day simple moving average of $18.47 and a 200-day simple moving average of $22.36. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market capitalization of $352.26 million, a PE ratio of -15.68 and a beta of 0.58.

Midland States Bancorp (NASDAQ:MSBI - Get Free Report) last released its earnings results on Thursday, January 23rd. The financial services provider reported ($2.52) earnings per share for the quarter, missing the consensus estimate of $0.67 by ($3.19). Midland States Bancorp had a negative net margin of 2.74% and a negative return on equity of 1.95%. As a group, equities analysts anticipate that Midland States Bancorp, Inc. will post 2.53 EPS for the current year.

Midland States Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 14th were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 7.53%. The ex-dividend date of this dividend was Friday, February 14th. Midland States Bancorp's dividend payout ratio (DPR) is -118.10%.

Analyst Upgrades and Downgrades

MSBI has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods reduced their price target on shares of Midland States Bancorp from $28.00 to $23.00 and set a "market perform" rating for the company in a research note on Monday, January 27th. DA Davidson cut their target price on shares of Midland States Bancorp from $27.00 to $21.00 and set a "neutral" rating for the company in a research report on Tuesday, January 28th. StockNews.com lowered shares of Midland States Bancorp from a "buy" rating to a "hold" rating in a research note on Friday, January 24th. Finally, Piper Sandler cut their price objective on Midland States Bancorp from $28.50 to $23.00 and set a "neutral" rating for the company in a report on Tuesday, January 28th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $23.50.

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.