Midland States Bancorp, Inc. (NASDAQ:MSBI) Stock Position Increased by BNP Paribas Financial Markets

BNP Paribas Financial Markets grew its position in shares of Midland States Bancorp, Inc. (NASDAQ:MSBI - Free Report) by 76.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,333 shares of the financial services provider's stock after purchasing an additional 20,900 shares during the period. BNP Paribas Financial Markets owned 0.23% of Midland States Bancorp worth $1,082,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Quantbot Technologies LP boosted its position in shares of Midland States Bancorp by 25.8% in the third quarter. Quantbot Technologies LP now owns 2,475 shares of the financial services provider's stock worth $55,000 after acquiring an additional 507 shares during the last quarter. US Bancorp DE grew its stake in shares of Midland States Bancorp by 141.6% during the third quarter. US Bancorp DE now owns 3,803 shares of the financial services provider's stock valued at $85,000 after acquiring an additional 2,229 shares in the last quarter. Quest Partners LLC acquired a new position in shares of Midland States Bancorp in the third quarter worth about $148,000. Comerica Bank grew its stake in Midland States Bancorp by 950.4% during the 1st quarter. Comerica Bank now owns 7,468 shares of the financial services provider's stock valued at $188,000 after purchasing an additional 6,757 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Midland States Bancorp in the 2nd quarter valued at approximately $218,000. 60.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity 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 on Tuesday, October 29th. The stock was sold at an average price of $24.52, for a total transaction of $312,703.56. Following the sale, the chief executive officer now owns 343,935 shares of the company's stock, valued at $8,433,286.20. The trade was a 3.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.60% of the company's stock.

Midland States Bancorp Stock Performance

Shares of MSBI traded down $0.05 during mid-day trading on Wednesday, hitting $26.80. The stock had a trading volume of 117,739 shares, compared to its average volume of 79,857. Midland States Bancorp, Inc. has a fifty-two week low of $20.54 and a fifty-two week high of $28.47. The company has a market cap of $573.52 million, a PE ratio of 11.60 and a beta of 0.75. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.79. The company's fifty day simple moving average is $25.19 and its two-hundred day simple moving average is $23.45.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $124.17 million during the quarter, compared to analyst estimates of $72.90 million. During the same quarter in the previous year, the firm posted $0.78 EPS. On average, equities analysts expect that Midland States Bancorp, Inc. will post 2.16 earnings per share for the current year.

Midland States Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.24 dividend on an annualized basis and a yield of 4.63%. Midland States Bancorp's dividend payout ratio is currently 53.68%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on MSBI shares. Piper Sandler boosted their target price on shares of Midland States Bancorp from $26.00 to $27.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 29th. StockNews.com lowered Midland States Bancorp from a "buy" rating to a "hold" rating in a research report on Friday, November 22nd. Finally, Keefe, Bruyette & Woods lifted their target price on Midland States Bancorp from $24.00 to $28.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th.

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.