Midland States Bancorp Inc (NASDAQ:MSBI) CEO Leon J. Holschbach sold 8,500 shares of Midland States Bancorp stock in a transaction dated Monday, April 16th. The stock was sold at an average price of $31.86, for a total value of $270,810.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of MSBI opened at $31.81 on Wednesday. The stock has a market cap of $757.76, a price-to-earnings ratio of 16.13, a price-to-earnings-growth ratio of 2.03 and a beta of 1.00. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.06 and a quick ratio of 1.05. Midland States Bancorp Inc has a 12 month low of $28.70 and a 12 month high of $36.50.
Midland States Bancorp (NASDAQ:MSBI) last announced its quarterly earnings results on Thursday, January 25th. The financial services provider reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.17). The business had revenue of $50.03 million for the quarter, compared to the consensus estimate of $54.10 million. Midland States Bancorp had a return on equity of 8.71% and a net margin of 7.56%. sell-side analysts anticipate that Midland States Bancorp Inc will post 2.26 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC bought a new position in Midland States Bancorp during the third quarter worth about $184,000. MetLife Investment Advisors LLC bought a new position in Midland States Bancorp during the fourth quarter worth about $244,000. California Public Employees Retirement System lifted its stake in Midland States Bancorp by 19.1% during the third quarter. California Public Employees Retirement System now owns 11,037 shares of the financial services provider’s stock worth $350,000 after purchasing an additional 1,769 shares during the period. Mesirow Financial Investment Management Inc. lifted its stake in Midland States Bancorp by 39.3% during the fourth quarter. Mesirow Financial Investment Management Inc. now owns 15,181 shares of the financial services provider’s stock worth $493,000 after purchasing an additional 4,280 shares during the period. Finally, Alliancebernstein L.P. lifted its stake in Midland States Bancorp by 60.6% during the fourth quarter. Alliancebernstein L.P. now owns 17,340 shares of the financial services provider’s stock worth $563,000 after purchasing an additional 6,540 shares during the period. Hedge funds and other institutional investors own 38.38% of the company’s stock.
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About Midland States Bancorp
Midland States Bancorp, Inc is a diversified financial holding company. The Company’s banking subsidiary is Midland States Bank (the Bank). The Company’s principal business activity has been lending to and accepting deposits from individuals, businesses, municipalities and other entities. The Company’s segments include Banking, which provides a range of financial products and services to consumers and businesses, including loan products; commercial equipment leasing; mortgage loan sales and servicing; letters of credit; various types of deposit products, including checking, savings and time deposit accounts; merchant services, and corporate treasury management services; Commercial Federal Housing Administration (FHA) Origination and Servicing, which provides for the origination and servicing of government sponsored mortgages for multifamily and healthcare facilities, and Other, which includes the operating results of the Company and its wealth management business unit.
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