Tudor Investment Corp ET AL Makes New Investment in Midland States Bancorp, Inc. (NASDAQ:MSBI)

Tudor Investment Corp ET AL purchased a new stake in Midland States Bancorp, Inc. (NASDAQ:MSBI - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,097 shares of the financial services provider's stock, valued at approximately $368,000. Tudor Investment Corp ET AL owned 0.07% of Midland States Bancorp as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently modified their holdings of the business. Y Intercept Hong Kong Ltd acquired a new stake in shares of Midland States Bancorp during the fourth quarter worth $356,000. JPMorgan Chase & Co. boosted its position in Midland States Bancorp by 52.3% during the third quarter. JPMorgan Chase & Co. now owns 110,306 shares of the financial services provider's stock valued at $2,469,000 after acquiring an additional 37,889 shares during the last quarter. Barclays PLC raised its position in shares of Midland States Bancorp by 55.2% in the 3rd quarter. Barclays PLC now owns 65,384 shares of the financial services provider's stock worth $1,463,000 after acquiring an additional 23,242 shares in the last quarter. Sequoia Financial Advisors LLC bought a new position in shares of Midland States Bancorp in the 4th quarter worth about $757,000. Finally, Dana Investment Advisors Inc. acquired a new position in shares of Midland States Bancorp in the 4th quarter valued at about $1,382,000. Institutional investors own 60.93% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. StockNews.com raised Midland States Bancorp from a "hold" rating to a "buy" rating in a research note on Monday, May 5th. DA Davidson lowered their price objective 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 dropped their target price on shares of Midland States Bancorp from $21.00 to $20.00 and set a "market perform" rating on the stock in a research report on Friday, May 2nd. Finally, Piper Sandler reduced their price target 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.

Midland States Bancorp Stock Up 0.4%

Shares of MSBI traded up $0.07 during trading hours on Thursday, reaching $18.37. The stock had a trading volume of 18,608 shares, compared to its average volume of 101,286. The firm has a 50-day simple moving average of $17.12 and a 200 day simple moving average of $21.30. Midland States Bancorp, Inc. has a 12 month low of $14.79 and a 12 month high of $28.08. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $393.14 million, a price-to-earnings ratio of -17.49 and a beta of 0.72.

Midland States Bancorp (NASDAQ:MSBI - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.57 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.05. The firm had revenue of $76.16 million for the quarter, compared to analyst estimates of $72.93 million. Midland States Bancorp had a negative net margin of 2.74% and a negative return on equity of 1.95%. Equities research analysts predict 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 disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders 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 yield of 6.75%. The ex-dividend date is Friday, May 16th. Midland States Bancorp's dividend payout ratio is currently -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.