AQR Capital Management LLC Raises Position in Midland States Bancorp, Inc. (NASDAQ:MSBI)

AQR Capital Management LLC lifted its stake in shares of Midland States Bancorp, Inc. (NASDAQ:MSBI - Free Report) by 108.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 about 0.91% of Midland States Bancorp worth $4,765,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MSBI. R Squared Ltd purchased a new position in Midland States Bancorp in the fourth quarter worth about $39,000. Aquatic Capital Management LLC raised its position 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 buying an additional 1,987 shares during the last quarter. Price T Rowe Associates Inc. MD bought a new position in Midland States Bancorp during the 4th quarter valued at about $201,000. Ieq Capital LLC bought a new stake in Midland States Bancorp in the 4th quarter worth approximately $210,000. Finally, State of Tennessee Department of Treasury purchased a new position in shares of Midland States Bancorp in the 4th quarter worth $243,000. Hedge funds and other institutional investors own 60.93% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Keefe, Bruyette & Woods cut 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. DA Davidson lowered their price target on shares of Midland States Bancorp from $27.00 to $21.00 and set a "neutral" rating on the stock in a report on Tuesday, January 28th. Piper Sandler cut their price objective on shares of Midland States Bancorp from $28.50 to $23.00 and set a "neutral" rating for the company in a report on Tuesday, January 28th. Finally, StockNews.com raised shares of Midland States Bancorp from a "hold" rating to a "buy" rating in a research note on Monday, May 5th.

Midland States Bancorp Trading Down 2.7%

Shares of NASDAQ:MSBI traded down $0.50 during trading on Wednesday, hitting $18.27. The company had a trading volume of 42,929 shares, compared to its average volume of 101,070. 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 cap of $391.00 million, a price-to-earnings ratio of -17.40 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 fifty day simple moving average of $17.13 and a two-hundred day simple moving average of $21.34.

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, topping the consensus estimate of $0.52 by $0.05. Midland States Bancorp had a negative return on equity of 1.95% and a negative net margin of 2.74%. The business had revenue of $76.16 million during the quarter, compared to analysts' expectations of $72.93 million. As a group, equities 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 announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 16th will be issued a $0.31 dividend. The ex-dividend date is Friday, May 16th. This represents a $1.24 dividend on an annualized basis and a yield of 6.79%. Midland States Bancorp's dividend payout ratio is presently -122.77%.

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.