Midland States Bancorp Inc (NASDAQ:MSBI) CFO Jeffrey G. Ludwig sold 1,784 shares of the stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $32.80, for a total value of $58,515.20. Following the completion of the sale, the chief financial officer now directly owns 135,714 shares of the company’s stock, valued at approximately $4,451,419.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Midland States Bancorp stock traded down $0.68 during mid-day trading on Friday, reaching $31.58. 46,399 shares of the company’s stock were exchanged, compared to its average volume of 120,908. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 1.42. Midland States Bancorp Inc has a one year low of $28.70 and a one year high of $36.50. The firm has a market capitalization of $761.78, a P/E ratio of 15.87, a price-to-earnings-growth ratio of 1.81 and a beta of 1.00.
Midland States Bancorp (NASDAQ:MSBI) last released its earnings results on Thursday, January 25th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.17). The firm had revenue of $50.03 million during the quarter, compared to analysts’ expectations of $54.10 million. Midland States Bancorp had a return on equity of 8.71% and a net margin of 7.56%. analysts predict that Midland States Bancorp Inc will post 2.55 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Parametric Portfolio Associates LLC grew its position in shares of Midland States Bancorp by 5.0% in the second quarter. Parametric Portfolio Associates LLC now owns 12,399 shares of the financial services provider’s stock valued at $416,000 after purchasing an additional 585 shares in the last quarter. California Public Employees Retirement System grew its position in Midland States Bancorp by 19.1% during the third quarter. California Public Employees Retirement System now owns 11,037 shares of the financial services provider’s stock worth $350,000 after buying an additional 1,769 shares in the last quarter. Monarch Partners Asset Management LLC grew its position in Midland States Bancorp by 21.2% during the fourth quarter. Monarch Partners Asset Management LLC now owns 21,039 shares of the financial services provider’s stock worth $683,000 after buying an additional 3,680 shares in the last quarter. Mesirow Financial Investment Management Inc. grew its position in Midland States Bancorp by 39.3% during the fourth quarter. Mesirow Financial Investment Management Inc. now owns 15,181 shares of the financial services provider’s stock worth $493,000 after buying an additional 4,280 shares in the last quarter. Finally, First Trust Advisors LP grew its position in Midland States Bancorp by 18.6% during the third quarter. First Trust Advisors LP now owns 29,357 shares of the financial services provider’s stock worth $930,000 after buying an additional 4,614 shares in the last quarter. Institutional investors own 38.19% of the company’s stock.
Several research analysts have issued reports on MSBI shares. Zacks Investment Research upgraded Midland States Bancorp from a “sell” rating to a “buy” rating and set a $38.00 price target on the stock in a report on Saturday, January 13th. BidaskClub upgraded Midland States Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Finally, ValuEngine lowered Midland States Bancorp from a “buy” rating to a “hold” rating in a report on Friday, February 2nd.
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About Midland States Bancorp
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.
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