Midland States Bancorp, Inc. (NASDAQ:MSBI) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its position in shares of Midland States Bancorp, Inc. (NASDAQ:MSBI - Free Report) by 36.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 209,244 shares of the financial services provider's stock after buying an additional 56,441 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.98% of Midland States Bancorp worth $5,106,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of MSBI. Hotchkis & Wiley Capital Management LLC acquired a new stake in Midland States Bancorp in the 3rd quarter worth about $5,764,000. JPMorgan Chase & Co. boosted its position in shares of Midland States Bancorp by 52.3% in the third quarter. JPMorgan Chase & Co. now owns 110,306 shares of the financial services provider's stock worth $2,469,000 after acquiring an additional 37,889 shares during the last quarter. Barclays PLC grew its holdings in Midland States Bancorp by 55.2% in the third 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 during the period. Jacobs Levy Equity Management Inc. grew its holdings in Midland States Bancorp by 31.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 89,187 shares of the financial services provider's stock valued at $1,996,000 after purchasing an additional 21,416 shares during the period. Finally, BNP Paribas Financial Markets increased its position in Midland States Bancorp by 76.2% during the third quarter. BNP Paribas Financial Markets now owns 48,333 shares of the financial services provider's stock worth $1,082,000 after purchasing an additional 20,900 shares during the last quarter. Institutional investors and hedge funds own 60.93% of the company's stock.

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Midland States Bancorp Stock Down 1.2 %

Shares of MSBI traded down $0.21 during mid-day trading on Friday, reaching $17.82. 119,982 shares of the stock traded hands, compared to its average volume of 89,488. The firm has a market cap of $381.30 million, a price-to-earnings ratio of -16.97 and a beta of 0.71. The stock has a fifty day simple moving average of $20.15 and a 200 day simple moving average of $22.89. 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, Inc. has a 12-month low of $17.60 and a 12-month high of $28.08.

Midland States Bancorp (NASDAQ:MSBI - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The financial services provider reported ($2.52) 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%. Sell-side analysts expect that Midland States Bancorp, Inc. will post 2.53 EPS for the current fiscal year.

Midland States Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 14th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 6.96%. The ex-dividend date was Friday, February 14th. Midland States Bancorp's dividend payout ratio is currently -118.10%.

Analyst Upgrades and Downgrades

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