Barclays PLC Has $1.46 Million Position in Midland States Bancorp, Inc. (NASDAQ:MSBI)

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

Several other large investors have also recently bought and sold shares of MSBI. Jacobs Levy Equity Management Inc. increased its position in shares of Midland States Bancorp by 31.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 89,187 shares of the financial services provider's stock worth $1,996,000 after purchasing an additional 21,416 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Midland States Bancorp by 51.3% in 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 valued at $657,000 after acquiring an additional 9,953 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Midland States Bancorp by 16.0% in the 2nd quarter. American Century Companies Inc. now owns 402,092 shares of the financial services provider's stock worth $9,107,000 after acquiring an additional 55,555 shares in the last quarter. Acadian Asset Management LLC increased its holdings in Midland States Bancorp by 69.6% during the 2nd quarter. Acadian Asset Management LLC now owns 74,722 shares of the financial services provider's stock valued at $1,691,000 after purchasing an additional 30,677 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Midland States Bancorp by 0.5% during the third quarter. Geode Capital Management LLC now owns 511,936 shares of the financial services provider's stock worth $11,460,000 after purchasing an additional 2,294 shares during the last quarter. 60.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Midland States Bancorp Price Performance

Shares of NASDAQ MSBI opened at $22.50 on Monday. The company has a fifty day moving average price of $25.77 and a 200 day moving average price of $23.84. Midland States Bancorp, Inc. has a 1-year low of $20.54 and a 1-year high of $28.10. The firm has a market cap of $481.52 million, a PE ratio of 9.74 and a beta of 0.76. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.79.

Midland States Bancorp (NASDAQ:MSBI - Get Free Report) last issued 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. Midland States Bancorp had a return on equity of 8.90% and a net margin of 12.13%. The firm had revenue of $124.17 million during the quarter, compared to analysts' expectations of $72.90 million. During the same period in the prior year, the firm posted $0.78 earnings per share. Research analysts predict that Midland States Bancorp, Inc. will post 2.16 earnings per share for the current fiscal year.

Midland States Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Monday, November 18th were paid a dividend of $0.31 per share. The ex-dividend date was Monday, November 18th. This represents a $1.24 annualized dividend and a dividend yield of 5.51%. Midland States Bancorp's dividend payout ratio is presently 53.68%.

Insider Activity

In other news, CEO Jeffrey G. Ludwig sold 12,753 shares of the firm's stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $24.52, for a total transaction of $312,703.56. Following the completion of the sale, the chief executive officer now owns 343,935 shares in the company, valued at approximately $8,433,286.20. This trade represents a 3.58 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 5.60% of the stock is owned by insiders.

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.