Midland States Bancorp Inc (MSBI) Director John M. Schultz Sells 2,000 Shares

Midland States Bancorp Inc (NASDAQ:MSBI) Director John M. Schultz sold 2,000 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $30.03, for a total value of $60,060.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

John M. Schultz also recently made the following trade(s):

  • On Thursday, February 1st, John M. Schultz sold 2,000 shares of Midland States Bancorp stock. The stock was sold at an average price of $32.14, for a total value of $64,280.00.
  • On Tuesday, January 16th, John M. Schultz sold 2,000 shares of Midland States Bancorp stock. The stock was sold at an average price of $33.85, for a total value of $67,700.00.
  • On Tuesday, January 2nd, John M. Schultz sold 2,000 shares of Midland States Bancorp stock. The stock was sold at an average price of $32.61, for a total value of $65,220.00.
  • On Friday, December 1st, John M. Schultz sold 2,000 shares of Midland States Bancorp stock. The stock was sold at an average price of $32.90, for a total value of $65,800.00.

Midland States Bancorp Inc (NASDAQ MSBI) traded down $0.07 during trading on Friday, reaching $30.24. The company had a trading volume of 163,600 shares, compared to its average volume of 58,291. The company has a market capitalization of $592.83 and a PE ratio of 19.89. Midland States Bancorp Inc has a fifty-two week low of $28.70 and a fifty-two week high of $36.50. The company has a debt-to-equity ratio of 1.32, a quick ratio of 1.02 and a current ratio of 1.03.

Midland States Bancorp (NASDAQ:MSBI) last posted its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.17). The firm had revenue of $50.03 million during the quarter, compared to the consensus estimate of $54.10 million. Midland States Bancorp had a net margin of 7.56% and a return on equity of 8.90%. research analysts predict that Midland States Bancorp Inc will post 2.75 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Friday, February 16th will be issued a $0.22 dividend. This is a boost from Midland States Bancorp’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $0.88 annualized dividend and a yield of 2.91%. Midland States Bancorp’s dividend payout ratio (DPR) is currently 52.63%.

Several analysts have recently commented on the company. ValuEngine cut Midland States Bancorp from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. BidaskClub upgraded Midland States Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, February 10th. Zacks Investment Research upgraded Midland States Bancorp from a “sell” rating to a “buy” rating and set a $38.00 target price on the stock in a report on Saturday, January 13th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $42.00 price target on shares of Midland States Bancorp in a report on Thursday, October 19th.

A number of institutional investors have recently bought and sold shares of the stock. MetLife Investment Advisors LLC bought a new position in Midland States Bancorp in the fourth quarter valued at about $244,000. Endeavour Capital Advisors Inc. boosted its holdings in Midland States Bancorp by 24.2% in the fourth quarter. Endeavour Capital Advisors Inc. now owns 866,792 shares of the financial services provider’s stock valued at $28,153,000 after acquiring an additional 168,905 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in Midland States Bancorp by 60.6% in the fourth quarter. Alliancebernstein L.P. now owns 17,340 shares of the financial services provider’s stock valued at $563,000 after acquiring an additional 6,540 shares during the last quarter. Pacific Ridge Capital Partners LLC boosted its holdings in Midland States Bancorp by 21.2% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 179,840 shares of the financial services provider’s stock valued at $5,841,000 after acquiring an additional 31,510 shares during the last quarter. Finally, BlackRock Inc. boosted its holdings in Midland States Bancorp by 2.9% in the fourth quarter. BlackRock Inc. now owns 782,801 shares of the financial services provider’s stock valued at $25,426,000 after acquiring an additional 22,052 shares during the last quarter. Institutional investors and hedge funds own 46.97% of the company’s stock.

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Midland States Bancorp Company Profile

Midland States Bancorp, Inc is a diversified financial holding company. The Company’s banking subsidiary is Midland States Bank (the Bank). The Company’s principal business activity has been lending to and accepting deposits from individuals, businesses, municipalities and other entities. The Company’s segments include Banking, which provides a range of financial products and services to consumers and businesses, including loan products; commercial equipment leasing; mortgage loan sales and servicing; letters of credit; various types of deposit products, including checking, savings and time deposit accounts; merchant services, and corporate treasury management services; Commercial Federal Housing Administration (FHA) Origination and Servicing, which provides for the origination and servicing of government sponsored mortgages for multifamily and healthcare facilities, and Other, which includes the operating results of the Company and its wealth management business unit.

Insider Buying and Selling by Quarter for Midland States Bancorp (NASDAQ:MSBI)

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