Midland States Bancorp, Inc. (NASDAQ:MSBI) Sees Large Decrease in Short Interest

Midland States Bancorp, Inc. (NASDAQ:MSBI - Get Free Report) saw a significant decrease in short interest in the month of January. As of January 15th, there was short interest totalling 224,000 shares, a decrease of 19.0% from the December 31st total of 276,700 shares. Based on an average daily trading volume, of 77,900 shares, the days-to-cover ratio is presently 2.9 days. Currently, 1.1% of the company's shares are short sold.

Analysts Set New Price Targets

MSBI has been the topic of several recent research reports. StockNews.com downgraded shares of Midland States Bancorp from a "buy" rating to a "hold" rating in a research report on Friday, January 24th. Piper Sandler reduced their price objective on shares of Midland States Bancorp from $28.50 to $23.00 and set a "neutral" rating on the stock in a research note on Tuesday. DA Davidson lowered 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. Finally, Keefe, Bruyette & Woods reduced their price target on Midland States Bancorp from $28.00 to $23.00 and set a "market perform" rating on the stock in a research report on Monday. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Midland States Bancorp currently has an average rating of "Hold" and a consensus price target of $23.50.

Midland States Bancorp Trading Down 2.8 %

Shares of MSBI traded down $0.55 during trading hours on Friday, hitting $19.26. 133,119 shares of the stock were exchanged, compared to its average volume of 128,526. The firm has a market capitalization of $412.16 million, a P/E ratio of -18.34 and a beta of 0.76. 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 has a fifty-two week low of $18.75 and a fifty-two week high of $28.08. The business has a 50-day moving average of $24.54 and a 200-day moving average of $23.80.

Midland States Bancorp (NASDAQ:MSBI - Get Free Report) last issued its quarterly earnings results on Thursday, January 23rd. The financial services provider reported ($2.52) earnings per share for the quarter, missing analysts' consensus estimates 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%. On average, research analysts expect that Midland States Bancorp will post 2.5 EPS for the current year.

Midland States Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Monday, November 18th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 6.44%. The ex-dividend date of this dividend was Monday, November 18th. Midland States Bancorp's dividend payout ratio (DPR) is presently -118.10%.

Hedge Funds Weigh In On Midland States Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of MSBI. Quantbot Technologies LP increased 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 valued at $55,000 after buying an additional 507 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in Midland States Bancorp in the third quarter valued at approximately $31,000. R Squared Ltd acquired a new stake in Midland States Bancorp in the fourth quarter valued at approximately $39,000. Point72 Asset Management L.P. bought a new stake in shares of Midland States Bancorp during the third quarter valued at approximately $45,000. Finally, SG Americas Securities LLC raised its position in shares of Midland States Bancorp by 14.8% during the fourth quarter. SG Americas Securities LLC now owns 16,317 shares of the financial services provider's stock worth $398,000 after purchasing an additional 2,103 shares during the period. 60.93% of the stock is currently owned by institutional investors.

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.