Midland States Bancorp, Inc. (NASDAQ:MSBI) Shares Sold by LSV Asset Management

LSV Asset Management lessened its position in Midland States Bancorp, Inc. (NASDAQ:MSBI - Free Report) by 9.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 407,889 shares of the financial services provider's stock after selling 41,200 shares during the quarter. LSV Asset Management owned about 1.91% of Midland States Bancorp worth $9,952,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Federated Hermes Inc. lifted its holdings in Midland States Bancorp by 8.7% in the 4th quarter. Federated Hermes Inc. now owns 29,684 shares of the financial services provider's stock valued at $724,000 after purchasing an additional 2,388 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of Midland States Bancorp by 22.0% in the fourth quarter. Wells Fargo & Company MN now owns 14,580 shares of the financial services provider's stock worth $356,000 after buying an additional 2,630 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Midland States Bancorp by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 518,209 shares of the financial services provider's stock worth $12,648,000 after buying an additional 6,273 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Midland States Bancorp by 392.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 86,621 shares of the financial services provider's stock worth $2,114,000 after acquiring an additional 69,038 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Midland States Bancorp by 33.8% during the 4th quarter. JPMorgan Chase & Co. now owns 147,560 shares of the financial services provider's stock valued at $3,600,000 after acquiring an additional 37,254 shares in the last quarter. 60.93% of the stock is owned by institutional investors and hedge funds.

Midland States Bancorp Trading Up 1.0 %

Shares of NASDAQ MSBI traded up $0.16 during mid-day trading on Friday, reaching $15.71. 85,189 shares of the company's stock were exchanged, compared to its average volume of 98,971. The firm has a market capitalization of $336.21 million, a price-to-earnings ratio of -14.96 and a beta of 0.58. Midland States Bancorp, Inc. has a 52-week low of $14.79 and a 52-week high of $28.08. The company's 50-day moving average is $17.87 and its 200-day moving average is $22.00. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.91 and a current ratio of 0.91.

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 the consensus estimate 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%. Analysts expect that Midland States Bancorp, Inc. will post 2.53 EPS for the current fiscal year.

Midland States Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 14th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 7.89%. The ex-dividend date of this dividend was Friday, February 14th. Midland States Bancorp's payout ratio is -118.10%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on MSBI shares. DA Davidson lowered their target price on Midland States Bancorp from $27.00 to $21.00 and set a "neutral" rating on the stock in a report on Tuesday, January 28th. Piper Sandler cut their target price on Midland States Bancorp from $28.50 to $23.00 and set a "neutral" rating for the company in a research note on Tuesday, January 28th. StockNews.com cut shares of Midland States Bancorp from a "buy" rating to a "hold" rating in a research report on Friday, January 24th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of 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. Five analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $23.50.

About Midland States Bancorp

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.