AQR Capital Management LLC Has $4.77 Million Holdings in Midland States Bancorp, Inc. (NASDAQ:MSBI)

AQR Capital Management LLC boosted its position in Midland States Bancorp, Inc. (NASDAQ:MSBI - Free Report) by 108.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 195,267 shares of the financial services provider's stock after buying an additional 101,397 shares during the quarter. AQR Capital Management LLC owned approximately 0.91% of Midland States Bancorp worth $4,765,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of MSBI. Barclays PLC raised its stake in shares of Midland States Bancorp by 55.2% during the 3rd quarter. Barclays PLC now owns 65,384 shares of the financial services provider's stock worth $1,463,000 after purchasing an additional 23,242 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Midland States Bancorp by 52.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 110,306 shares of the financial services provider's stock worth $2,469,000 after purchasing an additional 37,889 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Midland States Bancorp by 14.8% during the 4th quarter. SG Americas Securities LLC now owns 16,317 shares of the financial services provider's stock worth $398,000 after purchasing an additional 2,103 shares during the last quarter. R Squared Ltd bought a new stake in shares of Midland States Bancorp in the 4th quarter valued at about $39,000. Finally, Ieq Capital LLC acquired a new stake in Midland States Bancorp in the 4th quarter valued at about $210,000. Institutional investors and hedge funds own 60.93% of the company's stock.

Midland States Bancorp Stock Performance

MSBI traded up $0.49 during trading on Monday, hitting $18.62. The stock had a trading volume of 118,291 shares, compared to its average volume of 101,071. The company has a 50 day moving average price of $17.13 and a 200-day moving average price of $21.38. The firm has a market cap of $398.49 million, a price-to-earnings ratio of -17.73 and a beta of 0.72. Midland States Bancorp, Inc. has a one year low of $14.79 and a one 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.

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, topping analysts' consensus estimates of $0.52 by $0.05. Midland States Bancorp had a negative net margin of 2.74% and a negative return on equity of 1.95%. The business had revenue of $76.16 million for the quarter, compared to analyst estimates of $72.93 million. As a group, research analysts predict that Midland States Bancorp, Inc. will post 2.53 EPS for the current year.

Midland States Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 16th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 6.66%. The ex-dividend date of this dividend is Friday, May 16th. Midland States Bancorp's dividend payout ratio (DPR) is presently -122.77%.

Analysts Set New Price Targets

A number of research firms recently commented on MSBI. Piper Sandler reduced their price target 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. Keefe, Bruyette & Woods reduced their target price 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. 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 note on Tuesday, January 28th. Finally, StockNews.com raised shares of Midland States Bancorp from a "hold" rating to a "buy" rating in a report on Monday, May 5th.

About Midland States Bancorp

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.