John M. Schultz Sells 2,000 Shares of Midland States Bancorp Inc (MSBI) Stock

Midland States Bancorp Inc (NASDAQ:MSBI) Director John M. Schultz sold 2,000 shares of the stock in a transaction that occurred on Monday, October 15th. The stock was sold at an average price of $29.09, for a total value of $58,180.00. The sale was disclosed in a document filed with the SEC, which is available through this link.

John M. Schultz also recently made the following trade(s):

  • On Monday, October 1st, John M. Schultz sold 2,000 shares of Midland States Bancorp stock. The stock was sold at an average price of $31.92, for a total value of $63,840.00.
  • On Monday, September 17th, John M. Schultz sold 2,000 shares of Midland States Bancorp stock. The stock was sold at an average price of $33.70, for a total value of $67,400.00.
  • On Tuesday, September 4th, John M. Schultz sold 2,000 shares of Midland States Bancorp stock. The stock was sold at an average price of $34.42, for a total value of $68,840.00.
  • On Wednesday, August 15th, John M. Schultz sold 2,000 shares of Midland States Bancorp stock. The stock was sold at an average price of $34.58, for a total value of $69,160.00.
  • On Wednesday, August 1st, John M. Schultz sold 2,000 shares of Midland States Bancorp stock. The stock was sold at an average price of $34.20, for a total value of $68,400.00.

NASDAQ MSBI opened at $26.97 on Wednesday. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.03 and a quick ratio of 1.02. Midland States Bancorp Inc has a fifty-two week low of $23.27 and a fifty-two week high of $36.06. The firm has a market cap of $648.70 million, a price-to-earnings ratio of 13.55, a price-to-earnings-growth ratio of 1.60 and a beta of 1.36.

Midland States Bancorp (NASDAQ:MSBI) last released its earnings results on Friday, October 26th. The financial services provider reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.03. Midland States Bancorp had a return on equity of 9.23% and a net margin of 9.27%. The firm had revenue of $63.35 million during the quarter, compared to analysts’ expectations of $66.90 million. As a group, analysts predict that Midland States Bancorp Inc will post 2.45 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MSBI. Assetmark Inc. bought a new stake in Midland States Bancorp during the first quarter worth $138,000. Zebra Capital Management LLC bought a new stake in Midland States Bancorp during the second quarter worth $235,000. Metropolitan Life Insurance Co. NY lifted its stake in Midland States Bancorp by 32.1% during the second quarter. Metropolitan Life Insurance Co. NY now owns 7,086 shares of the financial services provider’s stock worth $243,000 after purchasing an additional 1,723 shares during the last quarter. MetLife Investment Advisors LLC lifted its stake in Midland States Bancorp by 33.4% during the second quarter. MetLife Investment Advisors LLC now owns 10,034 shares of the financial services provider’s stock worth $344,000 after purchasing an additional 2,513 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new stake in Midland States Bancorp during the first quarter worth $416,000. Hedge funds and other institutional investors own 45.42% of the company’s stock.

A number of brokerages recently issued reports on MSBI. Zacks Investment Research raised Midland States Bancorp from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Wednesday. ValuEngine downgraded Midland States Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, October 12th. Finally, BidaskClub downgraded Midland States Bancorp from a “sell” rating to a “strong sell” rating in a research report on Thursday, October 4th.

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About Midland States Bancorp

Midland States Bancorp, Inc operates as a financial holding company for Midland States Bank that provides banking and financial products and services to individuals, businesses, municipalities, and other entities. The company's deposit products include checking, savings, money market, and sweep accounts, as well as certificates of deposits, noninterest-bearing and interest-bearing demand deposits, and time deposits.

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