Empowered Funds LLC Trims Holdings in Midland States Bancorp, Inc. (NASDAQ:MSBI)

Empowered Funds LLC lessened its holdings in shares of Midland States Bancorp, Inc. (NASDAQ:MSBI - Free Report) by 23.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,500 shares of the financial services provider's stock after selling 17,151 shares during the period. Empowered Funds LLC owned 0.26% of Midland States Bancorp worth $1,379,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Point72 DIFC Ltd purchased a new position in shares of Midland States Bancorp in the 3rd quarter worth about $31,000. R Squared Ltd purchased a new position in shares of Midland States Bancorp in the 4th quarter worth about $39,000. Point72 Asset Management L.P. purchased a new position in Midland States Bancorp in the 3rd quarter worth about $45,000. Quantbot Technologies LP raised its position in Midland States Bancorp by 25.8% in 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, US Bancorp DE raised its position in Midland States Bancorp by 141.6% in the 3rd quarter. US Bancorp DE now owns 3,803 shares of the financial services provider's stock worth $85,000 after buying an additional 2,229 shares during the last quarter. Hedge funds and other institutional investors own 60.93% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on MSBI shares. DA Davidson decreased their target price on 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. StockNews.com lowered Midland States Bancorp from a "buy" rating to a "hold" rating in a research report on Friday, January 24th. Keefe, Bruyette & Woods decreased their target price 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. Finally, Piper Sandler reduced their price target 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. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $23.50.

Midland States Bancorp Stock Performance

Shares of NASDAQ:MSBI traded up $0.21 during mid-day trading on Thursday, reaching $19.76. 110,319 shares of the company traded hands, compared to its average volume of 126,934. The company's 50 day moving average price is $22.61 and its 200-day moving average price is $23.34. The firm has a market cap of $422.88 million, a PE ratio of -18.82 and a beta of 0.73. 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 52 week low of $18.55 and a 52 week high of $28.08.

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 net margin of 2.74% and a negative return on equity of 1.95%. On average, equities analysts expect that Midland States Bancorp, Inc. will post 2.53 EPS for the current fiscal year.

Midland States Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 14th will be given a dividend of $0.31 per share. The ex-dividend date is Friday, February 14th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 6.28%. Midland States Bancorp's dividend payout ratio is currently -118.10%.

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.