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

Midland States Bancorp, Inc. (NASDAQ:MSBI) was the target of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 224,000 shares, a decrease of 19.0% from the December 15th total of 276,700 shares. Currently, 1.1% of the company’s shares are sold short. Based on an average daily volume of 77,900 shares, the short-interest ratio is presently 2.9 days.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MSBI. Piper Sandler lifted their target price on 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 upgraded Midland States Bancorp from a “hold” rating to a “buy” rating in a research note on Monday. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Midland States Bancorp from $24.00 to $28.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th.

Insider Buying and Selling at Midland States Bancorp

In other news, CEO Jeffrey G. Ludwig sold 12,753 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $24.52, for a total value of $312,703.56. Following the completion of the sale, the chief executive officer now owns 343,935 shares in the company, valued at approximately $8,433,286.20. This trade represents a 3.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 5.60% of the company’s stock.

Institutional Trading of Midland States Bancorp

A number of hedge funds have recently bought and sold shares of the business. Point72 DIFC Ltd purchased a new stake in Midland States Bancorp in the 3rd quarter valued at $31,000. Point72 Asset Management L.P. purchased a new position in Midland States Bancorp during the third quarter worth about $45,000. Quantbot Technologies LP boosted its holdings in Midland States Bancorp by 25.8% in the 3rd quarter. Quantbot Technologies LP now owns 2,475 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 507 shares during the last quarter. US Bancorp DE grew its stake in shares of Midland States Bancorp by 141.6% in the 3rd quarter. US Bancorp DE now owns 3,803 shares of the financial services provider’s stock valued at $85,000 after buying an additional 2,229 shares during the period. Finally, Quest Partners LLC purchased a new stake in shares of Midland States Bancorp during the 3rd quarter valued at approximately $148,000. Institutional investors and hedge funds own 60.93% of the company’s stock.

Midland States Bancorp Stock Up 1.2 %

Shares of MSBI stock opened at $24.32 on Thursday. The firm has a market capitalization of $520.45 million, a PE ratio of 10.53 and a beta of 0.76. The stock’s 50-day simple moving average is $25.65 and its 200-day simple moving average is $23.86. Midland States Bancorp has a fifty-two week low of $20.54 and a fifty-two week high of $28.10. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.91 and a current ratio of 0.91.

Midland States Bancorp (NASDAQ:MSBI) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, beating the consensus estimate of $0.63 by $0.11. The company had revenue of $124.17 million for the quarter, compared to analyst estimates of $72.90 million. Midland States Bancorp had a net margin of 12.13% and a return on equity of 8.90%. During the same quarter last year, the business earned $0.78 earnings per share. Equities analysts expect that Midland States Bancorp will post 2.16 earnings per share for the current year.

Midland States Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Monday, November 18th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 5.10%. The ex-dividend date of this dividend was Monday, November 18th. Midland States Bancorp’s dividend payout ratio (DPR) is 53.68%.

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.