Y Intercept Hong Kong Ltd Buys New Stake in Midland States Bancorp, Inc. (NASDAQ:MSBI)

Y Intercept Hong Kong Ltd acquired a new stake in shares of Midland States Bancorp, Inc. (NASDAQ:MSBI - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 14,578 shares of the financial services provider's stock, valued at approximately $356,000. Y Intercept Hong Kong Ltd owned about 0.07% of Midland States Bancorp as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Midland States Bancorp during the 3rd quarter worth approximately $5,764,000. JPMorgan Chase & Co. grew its position in Midland States Bancorp by 52.3% during the third quarter. JPMorgan Chase & Co. now owns 110,306 shares of the financial services provider's stock valued at $2,469,000 after buying an additional 37,889 shares during the period. Barclays PLC increased its holdings in Midland States Bancorp by 55.2% in the third quarter. Barclays PLC now owns 65,384 shares of the financial services provider's stock valued at $1,463,000 after buying an additional 23,242 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in Midland States Bancorp by 31.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 89,187 shares of the financial services provider's stock valued at $1,996,000 after buying an additional 21,416 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of Midland States Bancorp by 76.2% in the third quarter. BNP Paribas Financial Markets now owns 48,333 shares of the financial services provider's stock worth $1,082,000 after acquiring an additional 20,900 shares during the period. Hedge funds and other institutional investors own 60.93% of the company's stock.

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Wall Street Analysts Forecast Growth

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

Midland States Bancorp Stock Up 0.8 %

Shares of MSBI traded up $0.16 during midday trading on Friday, reaching $18.89. The stock had a trading volume of 36,844 shares, compared to its average volume of 117,920. The company has a market cap of $404.22 million, a price-to-earnings ratio of -17.96 and a beta of 0.71. The company's fifty day simple moving average is $21.28 and its two-hundred day simple moving average is $23.18. Midland States Bancorp, Inc. has a 1-year low of $18.50 and a 1-year high of $28.08. 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 (NASDAQ:MSBI - Get Free Report) last announced its quarterly earnings results on Thursday, January 23rd. The financial services provider reported ($2.52) earnings per share (EPS) 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%. Equities research analysts expect that Midland States Bancorp, Inc. will post 2.53 earnings per share for the current year.

Midland States Bancorp Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.24 annualized dividend and a yield of 6.57%. Midland States Bancorp's dividend payout ratio is currently -118.10%.

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.