Midland States Bancorp, Inc. (NASDAQ:MSBI) Shares Purchased by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. raised its stake in shares of Midland States Bancorp, Inc. (NASDAQ:MSBI - Free Report) by 31.6% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 89,187 shares of the financial services provider's stock after buying an additional 21,416 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.42% of Midland States Bancorp worth $1,996,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. American Century Companies Inc. raised its position in Midland States Bancorp by 16.0% during the second quarter. American Century Companies Inc. now owns 402,092 shares of the financial services provider's stock valued at $9,107,000 after acquiring an additional 55,555 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of Midland States Bancorp by 69.6% in the second quarter. Acadian Asset Management LLC now owns 74,722 shares of the financial services provider's stock worth $1,691,000 after acquiring an additional 30,677 shares during the period. Bank of Montreal Can purchased a new stake in shares of Midland States Bancorp during the 2nd quarter worth about $1,350,000. Hsbc Holdings PLC boosted its stake in shares of Midland States Bancorp by 9.9% during the 2nd quarter. Hsbc Holdings PLC now owns 28,562 shares of the financial services provider's stock worth $652,000 after acquiring an additional 2,562 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in shares of Midland States Bancorp by 47.5% during the 3rd quarter. SG Americas Securities LLC now owns 14,214 shares of the financial services provider's stock valued at $318,000 after acquiring an additional 4,576 shares during the period. Institutional investors and hedge funds own 60.93% of the company's stock.

Midland States Bancorp Price Performance

Midland States Bancorp stock traded down $0.01 during midday trading on Friday, reaching $26.94. The company had a trading volume of 39,501 shares, compared to its average volume of 70,545. The firm's fifty day simple moving average is $24.89 and its 200-day simple moving average is $23.37. The company has a market capitalization of $576.54 million, a P/E ratio of 11.66 and a beta of 0.75. Midland States Bancorp, Inc. has a 12-month low of $20.54 and a 12-month high of $28.47. 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 (NASDAQ:MSBI - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, topping analysts' consensus estimates of $0.63 by $0.11. Midland States Bancorp had a net margin of 12.13% and a return on equity of 8.90%. The company had revenue of $124.17 million for the quarter, compared to analysts' expectations of $72.90 million. During the same quarter last year, the company earned $0.78 earnings per share. As a group, equities analysts anticipate that Midland States Bancorp, Inc. will post 2.16 EPS for the current year.

Midland States Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Monday, November 18th were paid a $0.31 dividend. The ex-dividend date was Monday, November 18th. This represents a $1.24 annualized dividend and a yield of 4.60%. Midland States Bancorp's dividend payout ratio is presently 53.68%.

Insider Buying and Selling 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 that occurred on Tuesday, October 29th. The stock was sold at an average price of $24.52, for a total value of $312,703.56. Following the transaction, the chief executive officer now directly 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.60% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. StockNews.com cut Midland States Bancorp from a "buy" rating to a "hold" rating in a report on Friday, November 22nd. Piper Sandler upped their target price on Midland States Bancorp from $26.00 to $27.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods increased their target price on Midland States Bancorp from $24.00 to $28.00 and gave the company a "market perform" rating in a research report on Wednesday.

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.