New York State Common Retirement Fund trimmed its position in Midland States Bancorp Inc (NASDAQ:MSBI) by 67.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,880 shares of the financial services provider’s stock after selling 107,300 shares during the quarter. New York State Common Retirement Fund owned 0.28% of Midland States Bancorp worth $1,675,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in MSBI. Meeder Asset Management Inc. lifted its holdings in shares of Midland States Bancorp by 279.6% during the 3rd quarter. Meeder Asset Management Inc. now owns 3,158 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 2,326 shares in the last quarter. Legal & General Group Plc boosted its stake in Midland States Bancorp by 581.8% in the 2nd quarter. Legal & General Group Plc now owns 3,941 shares of the financial services provider’s stock valued at $132,000 after purchasing an additional 3,363 shares during the period. Susquehanna International Group LLP bought a new stake in Midland States Bancorp in the 2nd quarter valued at $209,000. Blair William & Co. IL lifted its position in shares of Midland States Bancorp by 0.9% during the 2nd quarter. Blair William & Co. IL now owns 6,629 shares of the financial services provider’s stock valued at $222,000 after acquiring an additional 60 shares during the period. Finally, Voya Investment Management LLC bought a new stake in shares of Midland States Bancorp during the 2nd quarter valued at $225,000. Hedge funds and other institutional investors own 45.99% of the company’s stock.
A number of equities analysts have issued reports on the company. Zacks Investment Research raised Midland States Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd. BidaskClub upgraded Midland States Bancorp from a “sell” rating to a “hold” rating in a research report on Thursday, December 7th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $42.00 target price on shares of Midland States Bancorp in a research report on Thursday, October 19th.
Shares of Midland States Bancorp Inc (NASDAQ:MSBI) traded up $0.68 on Wednesday, hitting $33.55. The company had a trading volume of 63,660 shares, compared to its average volume of 50,900. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 1.32. Midland States Bancorp Inc has a one year low of $28.70 and a one year high of $36.50. The stock has a market capitalization of $627.78 and a P/E ratio of 22.98.
Midland States Bancorp (NASDAQ:MSBI) last posted its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.49 EPS for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.09). The company had revenue of $52.17 million during the quarter, compared to the consensus estimate of $55.20 million. Midland States Bancorp had a return on equity of 10.22% and a net margin of 11.90%. sell-side analysts anticipate that Midland States Bancorp Inc will post 1.38 EPS for the current year.
In other Midland States Bancorp news, Director John M. Schultz sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $32.90, for a total transaction of $65,800.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold a total of 8,000 shares of company stock worth $257,800 in the last quarter. Company insiders own 14.90% of the company’s stock.
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Midland States Bancorp Profile
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