Midland States Bancorp, Inc. (NASDAQ:MSBI) Shares Sold by Trexquant Investment LP

Trexquant Investment LP lessened its holdings in Midland States Bancorp, Inc. (NASDAQ:MSBI - Free Report) by 34.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,421 shares of the financial services provider's stock after selling 26,299 shares during the quarter. Trexquant Investment LP owned approximately 0.24% of Midland States Bancorp worth $1,230,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. R Squared Ltd purchased a new stake in shares of Midland States Bancorp in the 4th quarter valued at about $39,000. Point72 Asset Management L.P. purchased a new position in shares of Midland States Bancorp during the third quarter worth approximately $45,000. Ieq Capital LLC acquired a new position in shares of Midland States Bancorp in the 4th quarter valued at $210,000. Walleye Capital LLC acquired a new stake in Midland States Bancorp during the 3rd quarter worth $216,000. Finally, Teacher Retirement System of Texas purchased a new position in Midland States Bancorp during the 4th quarter worth $260,000. 60.93% of the stock is owned by hedge funds and other institutional investors.

Midland States Bancorp Trading Up 0.5 %

Shares of MSBI traded up $0.08 on Wednesday, hitting $15.31. 16,404 shares of the stock traded hands, compared to its average volume of 98,091. Midland States Bancorp, Inc. has a 1 year low of $14.79 and a 1 year high of $28.08. The firm has a market capitalization of $327.54 million, a P/E ratio of -14.55 and a beta of 0.58. The stock's 50 day moving average is $18.03 and its two-hundred day moving average is $22.09. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.79.

Midland States Bancorp (NASDAQ:MSBI - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The financial services provider reported ($2.52) EPS for the quarter, missing analysts' consensus estimates 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, sell-side analysts predict that Midland States Bancorp, Inc. will post 2.53 earnings per share for the current year.

Midland States Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 14th were issued a $0.31 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 8.10%. Midland States Bancorp's dividend payout ratio (DPR) is -118.10%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on MSBI shares. DA Davidson decreased 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. Keefe, Bruyette & Woods decreased their target price on shares of Midland States Bancorp from $28.00 to $23.00 and set a "market perform" rating on the stock in a research report on Monday, January 27th. StockNews.com downgraded shares of Midland States Bancorp from a "buy" rating to a "hold" rating in a research report on Friday, January 24th. Finally, Piper Sandler cut their price target on Midland States Bancorp from $28.50 to $23.00 and set a "neutral" rating for the company in a research note on Tuesday, January 28th. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target 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.