American Century Companies Inc. Acquires 31,859 Shares of Midland States Bancorp, Inc. (NASDAQ:MSBI)

American Century Companies Inc. raised its holdings in Midland States Bancorp, Inc. (NASDAQ:MSBI - Free Report) by 7.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 475,642 shares of the financial services provider's stock after buying an additional 31,859 shares during the period. American Century Companies Inc. owned about 2.22% of Midland States Bancorp worth $11,606,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in MSBI. Point72 DIFC Ltd acquired a new position in shares of Midland States Bancorp during the 3rd quarter worth approximately $31,000. R Squared Ltd bought a new position in shares of Midland States Bancorp in the fourth quarter valued at about $39,000. Point72 Asset Management L.P. bought a new position in shares of Midland States Bancorp in the third quarter valued at about $45,000. Quantbot Technologies LP lifted its stake in shares of Midland States Bancorp by 25.8% during the 3rd quarter. Quantbot Technologies LP now owns 2,475 shares of the financial services provider's stock worth $55,000 after buying an additional 507 shares during the last quarter. Finally, Ieq Capital LLC bought a new stake in shares of Midland States Bancorp during the 4th quarter worth about $210,000. 60.93% of the stock is owned by institutional investors and hedge funds.

Midland States Bancorp Price Performance

NASDAQ:MSBI traded up $0.18 during trading hours on Friday, reaching $16.02. 216,159 shares of the company were exchanged, compared to its average volume of 94,975. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.91 and a quick ratio of 0.91. Midland States Bancorp, Inc. has a 1-year low of $15.21 and a 1-year high of $28.08. The company has a market capitalization of $342.84 million, a P/E ratio of -15.26 and a beta of 0.58. The business has a 50 day moving average of $18.71 and a 200 day moving average of $22.50.

Midland States Bancorp (NASDAQ:MSBI - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The financial services provider reported ($2.52) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.67 by ($3.19). Midland States Bancorp had a negative return on equity of 1.95% and a negative net margin of 2.74%. Research analysts forecast that Midland States Bancorp, Inc. will post 2.53 EPS for the current year.

Midland States Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 14th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 7.74%. The ex-dividend date was Friday, February 14th. Midland States Bancorp's dividend payout ratio is presently -118.10%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Piper Sandler cut their price objective on shares of Midland States Bancorp from $28.50 to $23.00 and set a "neutral" rating for the company in a research report on Tuesday, January 28th. Keefe, Bruyette & Woods dropped their price target on Midland States Bancorp from $28.00 to $23.00 and set a "market perform" rating for the company in a report on Monday, January 27th. DA Davidson decreased their price objective on Midland States Bancorp from $27.00 to $21.00 and set a "neutral" rating on the stock in a report on Tuesday, January 28th. Finally, StockNews.com cut Midland States Bancorp from a "buy" rating to a "hold" rating in a research report on Friday, January 24th. Five research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $23.50.

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.