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 business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $30.03, for a total transaction of $60,060.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Thursday, February 1st, John M. Schultz sold 2,000 shares of Midland States Bancorp stock. The stock was sold at an average price of $32.14, for a total transaction of $64,280.00.
  • On Tuesday, January 16th, John M. Schultz sold 2,000 shares of Midland States Bancorp stock. The stock was sold at an average price of $33.85, for a total transaction of $67,700.00.
  • On Tuesday, January 2nd, John M. Schultz sold 2,000 shares of Midland States Bancorp stock. The stock was sold at an average price of $32.61, for a total transaction of $65,220.00.
  • On Friday, December 1st, John M. Schultz sold 2,000 shares of Midland States Bancorp stock. The stock was sold at an average price of $32.90, for a total transaction of $65,800.00.

Shares of Midland States Bancorp Inc (MSBI) opened at $31.33 on Friday. Midland States Bancorp Inc has a 1-year low of $28.70 and a 1-year high of $36.50. The stock has a market cap of $578.25, a price-to-earnings ratio of 15.20, a PEG ratio of 1.57 and a beta of 1.31. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 1.32.

Midland States Bancorp (NASDAQ:MSBI) last released its earnings results on Thursday, January 25th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.59 by ($0.17). Midland States Bancorp had a return on equity of 8.90% and a net margin of 7.56%. The business had revenue of $50.03 million for the quarter, compared to analysts’ expectations of $54.10 million. equities research analysts forecast that Midland States Bancorp Inc will post 2.75 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Friday, February 16th will be issued a dividend of $0.22 per share. This is a positive change from Midland States Bancorp’s previous quarterly dividend of $0.20. The ex-dividend date is Thursday, February 15th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.81%. Midland States Bancorp’s dividend payout ratio is presently 95.65%.

Institutional investors have recently added to or reduced their stakes in the company. OxFORD Asset Management LLP purchased a new stake in shares of Midland States Bancorp during the second quarter worth $332,000. Northpointe Capital LLC grew its holdings in shares of Midland States Bancorp by 101.6% during the fourth quarter. Northpointe Capital LLC now owns 507,800 shares of the financial services provider’s stock worth $16,493,000 after buying an additional 255,865 shares in the last quarter. Citadel Advisors LLC grew its holdings in shares of Midland States Bancorp by 352.6% during the third quarter. Citadel Advisors LLC now owns 33,526 shares of the financial services provider’s stock worth $1,062,000 after buying an additional 26,118 shares in the last quarter. Maltese Capital Management LLC purchased a new stake in shares of Midland States Bancorp during the third quarter worth $6,019,000. Finally, California State Teachers Retirement System grew its holdings in shares of Midland States Bancorp by 265.5% during the second quarter. California State Teachers Retirement System now owns 27,120 shares of the financial services provider’s stock worth $909,000 after buying an additional 19,700 shares in the last quarter. 46.97% of the stock is owned by institutional investors and hedge funds.

MSBI has been the subject of several recent analyst reports. Zacks Investment Research lowered shares of Midland States Bancorp from a “hold” rating to a “sell” rating in a report on Friday, October 20th. BidaskClub raised shares of Midland States Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, December 7th. Finally, ValuEngine lowered shares of Midland States Bancorp from a “buy” rating to a “hold” rating in a report on Friday, February 2nd.

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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.

Insider Buying and Selling by Quarter for Midland States Bancorp (NASDAQ:MSBI)

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