Dimensional Fund Advisors LP Has $31.04 Million Stake in Midland States Bancorp, Inc. (NASDAQ:MSBI)

Dimensional Fund Advisors LP reduced its stake in shares of Midland States Bancorp, Inc. (NASDAQ:MSBI - Free Report) by 1.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,370,217 shares of the financial services provider's stock after selling 23,925 shares during the quarter. Dimensional Fund Advisors LP owned about 6.38% of Midland States Bancorp worth $31,035,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. American Century Companies Inc. lifted its position in Midland States Bancorp by 16.0% in the second quarter. American Century Companies Inc. now owns 402,092 shares of the financial services provider's stock worth $9,107,000 after purchasing an additional 55,555 shares during the period. Acadian Asset Management LLC lifted its holdings 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 valued at $1,691,000 after buying an additional 30,677 shares during the period. Rhumbline Advisers boosted its stake in Midland States Bancorp by 2.1% during the second quarter. Rhumbline Advisers now owns 33,607 shares of the financial services provider's stock valued at $761,000 after buying an additional 683 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Midland States Bancorp by 6.7% during the second quarter. Bank of New York Mellon Corp now owns 165,615 shares of the financial services provider's stock worth $3,751,000 after acquiring an additional 10,354 shares during the period. Finally, SG Americas Securities LLC bought a new stake in Midland States Bancorp in the second quarter worth about $218,000. Institutional investors and hedge funds own 60.93% of the company's stock.

Wall Street Analyst Weigh In

MSBI has been the topic of several recent research reports. Piper Sandler boosted their target price on shares of Midland States Bancorp from $24.50 to $27.00 and gave the stock a "neutral" rating in a report on Tuesday, July 30th. Keefe, Bruyette & Woods dropped their price target on Midland States Bancorp from $26.00 to $24.00 and set a "market perform" rating on the stock in a report on Monday, July 29th.

Midland States Bancorp Trading Down 1.2 %

Shares of MSBI traded down $0.26 during midday trading on Wednesday, hitting $21.42. The stock had a trading volume of 60,310 shares, compared to its average volume of 79,905. The business has a 50-day simple moving average of $22.34 and a two-hundred day simple moving average of $22.95. The firm has a market cap of $460.14 million, a P/E ratio of 7.28 and a beta of 0.76. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.10. Midland States Bancorp, Inc. has a fifty-two week low of $19.85 and a fifty-two week high of $28.47.

Midland States Bancorp (NASDAQ:MSBI - Get Free Report) last posted its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.20 EPS for the quarter, missing analysts' consensus estimates of $0.72 by ($0.52). Midland States Bancorp had a return on equity of 9.24% and a net margin of 12.10%. The firm had revenue of $120.95 million during the quarter, compared to analyst estimates of $74.90 million. During the same period in the prior year, the business posted $0.87 EPS. As a group, equities analysts forecast that Midland States Bancorp, Inc. will post 1.99 EPS for the current year.

Midland States Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 16th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 5.79%. The ex-dividend date of this dividend was Friday, August 16th. Midland States Bancorp's dividend payout ratio is currently 42.18%.

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.