Midland States Bancorp, Inc. (NASDAQ:MSBI) Shares Bought by Barclays PLC

Barclays PLC grew its position in Midland States Bancorp, Inc. (NASDAQ:MSBI - Free Report) by 55.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 65,384 shares of the financial services provider's stock after buying an additional 23,242 shares during the period. Barclays PLC owned 0.31% of Midland States Bancorp worth $1,463,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Point72 DIFC Ltd purchased a new position in Midland States Bancorp during the 3rd quarter worth $31,000. Point72 Asset Management L.P. acquired a new stake in Midland States Bancorp in the third quarter worth about $45,000. Quantbot Technologies LP boosted its holdings in Midland States Bancorp by 25.8% in the third quarter. Quantbot Technologies LP now owns 2,475 shares of the financial services provider's stock worth $55,000 after acquiring an additional 507 shares in the last quarter. US Bancorp DE grew its stake in shares of Midland States Bancorp by 141.6% during the third quarter. US Bancorp DE now owns 3,803 shares of the financial services provider's stock worth $85,000 after acquiring an additional 2,229 shares during the last quarter. Finally, Quest Partners LLC acquired a new position in shares of Midland States Bancorp during the third quarter valued at about $148,000. Hedge funds and other institutional investors own 60.93% of the company's stock.

Insider Activity at Midland States Bancorp

In other Midland States Bancorp news, CEO Jeffrey G. Ludwig sold 12,753 shares of Midland States Bancorp stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $24.52, for a total value of $312,703.56. Following the completion of the transaction, the chief executive officer now owns 343,935 shares of the company's stock, valued at approximately $8,433,286.20. The trade was a 3.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 5.60% of the stock is owned by company insiders.

Midland States Bancorp Stock Performance

Shares of NASDAQ:MSBI traded down $0.39 during midday trading on Friday, reaching $24.41. The company's stock had a trading volume of 63,966 shares, compared to its average volume of 79,464. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.79. The stock has a fifty day moving average of $25.81 and a 200 day moving average of $23.68. Midland States Bancorp, Inc. has a twelve month low of $20.54 and a twelve month high of $28.39. The firm has a market capitalization of $522.40 million, a PE ratio of 10.57 and a beta of 0.75.

Midland States Bancorp (NASDAQ:MSBI - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, beating the consensus estimate of $0.63 by $0.11. The company had revenue of $124.17 million for the quarter, compared to analyst estimates of $72.90 million. Midland States Bancorp had a net margin of 12.13% and a return on equity of 8.90%. During the same period in the prior year, the company earned $0.78 earnings per share. On average, equities analysts expect that Midland States Bancorp, Inc. will post 2.16 EPS for the current fiscal year.

Midland States Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 5.08%. The ex-dividend date of this dividend was Monday, November 18th. Midland States Bancorp's dividend payout ratio (DPR) is 53.68%.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Piper Sandler boosted their target price on shares of Midland States Bancorp from $26.00 to $27.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 29th. Keefe, Bruyette & Woods lifted their price objective on shares of Midland States Bancorp from $24.00 to $28.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th. Finally, StockNews.com lowered shares of Midland States Bancorp from a "buy" rating to a "hold" rating in a report on Friday, November 22nd.

Midland States Bancorp Company 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.