Arrowstreet Capital Limited Partnership Has $2.11 Million Stock Position in Midland States Bancorp, Inc. (NASDAQ:MSBI)

Arrowstreet Capital Limited Partnership boosted its holdings in Midland States Bancorp, Inc. (NASDAQ:MSBI - Free Report) by 392.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 86,621 shares of the financial services provider's stock after buying an additional 69,038 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.40% of Midland States Bancorp worth $2,114,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Midland States Bancorp by 51.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 29,370 shares of the financial services provider's stock worth $657,000 after acquiring an additional 9,953 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Midland States Bancorp during the 4th quarter worth approximately $356,000. JPMorgan Chase & Co. increased its holdings in Midland States Bancorp by 52.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 110,306 shares of the financial services provider's stock worth $2,469,000 after purchasing an additional 37,889 shares during the last quarter. Barclays PLC raised its position in shares of Midland States Bancorp by 55.2% in the 3rd quarter. Barclays PLC now owns 65,384 shares of the financial services provider's stock valued at $1,463,000 after purchasing an additional 23,242 shares in the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new position in shares of Midland States Bancorp during the 4th quarter valued at approximately $757,000. Hedge funds and other institutional investors own 60.93% of the company's stock.

Midland States Bancorp Stock Performance

Midland States Bancorp stock traded down $0.01 during mid-day trading on Wednesday, hitting $15.22. 10,471 shares of the company's stock traded hands, compared to its average volume of 98,066. Midland States Bancorp, Inc. has a one year low of $14.79 and a one year high of $28.08. The company has a market cap of $325.66 million, a PE ratio of -14.49 and a beta of 0.58. The firm has a 50 day moving average price of $18.03 and a 200 day moving average price of $22.09. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.79.

Midland States Bancorp (NASDAQ:MSBI - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The financial services provider reported ($2.52) earnings per share for the quarter, missing the consensus estimate 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%. On average, equities analysts forecast that Midland States Bancorp, Inc. will post 2.53 EPS for the current year.

Midland States Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 14th were paid a dividend of $0.31 per share. The ex-dividend date was Friday, February 14th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 8.15%. Midland States Bancorp's dividend payout ratio is presently -118.10%.

Wall Street Analyst Weigh In

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

Midland States Bancorp Profile

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.