Midland States Bancorp, Inc. (NASDAQ:MSBI) Short Interest Update

Midland States Bancorp, Inc. (NASDAQ:MSBI - Get Free Report) saw a significant increase in short interest in March. As of March 31st, there was short interest totalling 370,400 shares, an increase of 32.7% from the March 15th total of 279,200 shares. Based on an average trading volume of 121,900 shares, the short-interest ratio is currently 3.0 days. Approximately 1.8% of the company's shares are short sold.

Midland States Bancorp Trading Up 0.1 %

Midland States Bancorp stock traded up $0.02 during trading hours on Thursday, hitting $16.80. The company had a trading volume of 117,876 shares, compared to its average volume of 100,053. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market cap of $359.54 million, a P/E ratio of -16.00 and a beta of 0.58. The company has a 50-day moving average price of $17.60 and a two-hundred day moving average price of $21.85. Midland States Bancorp has a 1 year low of $14.79 and a 1 year high of $28.08.

Midland States Bancorp (NASDAQ:MSBI - Get Free Report) last released 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%. On average, sell-side analysts anticipate that Midland States Bancorp will post 2.53 earnings per share for the current year.

Midland States Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 14th were issued a $0.31 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.24 annualized dividend and a dividend yield of 7.38%. Midland States Bancorp's payout ratio is currently -118.10%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its position in shares of Midland States Bancorp by 2,114.8% in the 1st quarter. GAMMA Investing LLC now owns 9,125 shares of the financial services provider's stock worth $156,000 after purchasing an additional 8,713 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Midland States Bancorp during the fourth quarter worth $1,315,000. Palisades Investment Partners LLC boosted its position in Midland States Bancorp by 9.6% during the 4th quarter. Palisades Investment Partners LLC now owns 103,209 shares of the financial services provider's stock valued at $2,518,000 after acquiring an additional 9,027 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Midland States Bancorp by 15.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 33,873 shares of the financial services provider's stock valued at $827,000 after acquiring an additional 4,503 shares during the period. Finally, Point72 Asset Management L.P. raised its position in shares of Midland States Bancorp by 136.9% in the 4th quarter. Point72 Asset Management L.P. now owns 4,730 shares of the financial services provider's stock worth $115,000 after acquiring an additional 2,733 shares in the last quarter. 60.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Piper Sandler cut their target price on Midland States Bancorp from $28.50 to $23.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 28th. DA Davidson lowered their target price on shares of Midland States Bancorp from $27.00 to $21.00 and set a "neutral" rating for the company in a report on Tuesday, January 28th. StockNews.com cut shares of Midland States Bancorp from a "buy" rating to a "hold" rating in a research note on Friday, January 24th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Midland States Bancorp from $28.00 to $23.00 and set a "market perform" rating on the stock in a research report on Monday, January 27th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $23.50.

Midland States Bancorp Company 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.