Midland States Bancorp Inc (MSBI) CEO Sells $51,280.00 in Stock

Midland States Bancorp Inc (NASDAQ:MSBI) CEO Leon J. Holschbach sold 2,000 shares of the firm’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $25.64, for a total value of $51,280.00. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Leon J. Holschbach also recently made the following trade(s):

  • On Thursday, November 29th, Leon J. Holschbach sold 6,000 shares of Midland States Bancorp stock. The stock was sold at an average price of $26.16, for a total value of $156,960.00.
  • On Friday, November 23rd, Leon J. Holschbach sold 2,000 shares of Midland States Bancorp stock. The stock was sold at an average price of $25.36, for a total value of $50,720.00.
  • On Monday, November 26th, Leon J. Holschbach sold 6,000 shares of Midland States Bancorp stock. The stock was sold at an average price of $25.56, for a total value of $153,360.00.
  • On Tuesday, November 20th, Leon J. Holschbach sold 2,000 shares of Midland States Bancorp stock. The stock was sold at an average price of $25.43, for a total value of $50,860.00.

MSBI traded down $0.16 during midday trading on Thursday, reaching $23.53. 4,619 shares of the company were exchanged, compared to its average volume of 45,289. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.34. Midland States Bancorp Inc has a one year low of $23.27 and a one year high of $36.06. The stock has a market cap of $561.56 million, a P/E ratio of 11.82, a price-to-earnings-growth ratio of 1.38 and a beta of 1.33.

Midland States Bancorp (NASDAQ:MSBI) last issued its earnings results on Friday, October 26th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.03. Midland States Bancorp had a return on equity of 9.01% and a net margin of 9.27%. The firm had revenue of $63.35 million for the quarter, compared to analysts’ expectations of $66.90 million. As a group, equities analysts forecast that Midland States Bancorp Inc will post 2.45 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, November 26th. Shareholders of record on Monday, November 19th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 3.74%. The ex-dividend date of this dividend was Friday, November 16th. Midland States Bancorp’s dividend payout ratio (DPR) is currently 44.22%.

A number of institutional investors and hedge funds have recently modified their holdings of MSBI. Wells Fargo & Company MN lifted its holdings in shares of Midland States Bancorp by 60.4% during the 2nd quarter. Wells Fargo & Company MN now owns 219,882 shares of the financial services provider’s stock valued at $7,533,000 after purchasing an additional 82,798 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of Midland States Bancorp by 63.7% during the 2nd quarter. Assetmark Inc. now owns 7,133 shares of the financial services provider’s stock valued at $244,000 after purchasing an additional 2,775 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Midland States Bancorp by 35.5% during the 2nd quarter. First Trust Advisors LP now owns 52,148 shares of the financial services provider’s stock valued at $1,787,000 after purchasing an additional 13,670 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Midland States Bancorp by 37.1% during the 2nd quarter. Rhumbline Advisers now owns 19,743 shares of the financial services provider’s stock valued at $676,000 after purchasing an additional 5,343 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Midland States Bancorp by 1.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 470,008 shares of the financial services provider’s stock valued at $16,101,000 after purchasing an additional 5,392 shares in the last quarter. Hedge funds and other institutional investors own 44.97% of the company’s stock.

A number of equities analysts have issued reports on the company. Zacks Investment Research upgraded Midland States Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, November 1st. BidaskClub cut Midland States Bancorp from a “sell” rating to a “strong sell” rating in a report on Thursday, October 4th. Finally, ValuEngine cut Midland States Bancorp from a “hold” rating to a “sell” rating in a report on Friday, October 12th.

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Midland States Bancorp Company Profile

Midland States Bancorp, Inc operates as a financial holding company for Midland States Bank that provides banking and financial products and services to individuals, businesses, municipalities, and other entities. The company's deposit products include checking, savings, money market, and sweep accounts, as well as certificates of deposits, noninterest-bearing and interest-bearing demand deposits, and time deposits.

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