Alpine Woods Capital Investors LLC Invests $252,000 in Midland States Bancorp (MSBI)

Alpine Woods Capital Investors LLC purchased a new stake in shares of Midland States Bancorp (NASDAQ:MSBI) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 8,000 shares of the financial services provider’s stock, valued at approximately $252,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Endeavour Capital Advisors Inc. raised its holdings in shares of Midland States Bancorp by 24.2% during the fourth quarter. Endeavour Capital Advisors Inc. now owns 866,792 shares of the financial services provider’s stock valued at $28,153,000 after buying an additional 168,905 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Midland States Bancorp by 2.9% during the fourth quarter. BlackRock Inc. now owns 782,801 shares of the financial services provider’s stock valued at $25,426,000 after buying an additional 22,052 shares during the last quarter. Northpointe Capital LLC raised 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 valued at $16,493,000 after buying an additional 255,865 shares during the last quarter. Pacific Ridge Capital Partners LLC raised its holdings in shares of Midland States Bancorp by 21.2% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 179,840 shares of the financial services provider’s stock valued at $5,841,000 after buying an additional 31,510 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of Midland States Bancorp by 7.9% during the first quarter. Wells Fargo & Company MN now owns 137,084 shares of the financial services provider’s stock valued at $4,327,000 after buying an additional 10,008 shares during the last quarter. 36.78% of the stock is currently owned by institutional investors.

In related news, EVP Jeffrey S. Mefford sold 3,260 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $31.70, for a total transaction of $103,342.00. Following the sale, the executive vice president now owns 21,868 shares of the company’s stock, valued at $693,215.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John M. Schultz sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 1st. The stock was sold at an average price of $30.68, for a total value of $61,360.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 176,430 shares of company stock worth $5,637,177. 14.90% of the stock is owned by corporate insiders.

A number of equities research analysts have recently weighed in on MSBI shares. Zacks Investment Research raised Midland States Bancorp from a “strong sell” rating to a “hold” rating in a report on Thursday, May 3rd. BidaskClub raised Midland States Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, February 10th. Finally, ValuEngine cut Midland States Bancorp from a “buy” rating to a “hold” rating in a report on Friday, February 2nd.

Shares of NASDAQ:MSBI opened at $32.06 on Monday. Midland States Bancorp has a 12 month low of $28.70 and a 12 month high of $36.50. The company has a market cap of $757.61 million, a P/E ratio of 16.11, a PEG ratio of 2.00 and a beta of 1.01. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.25.

Midland States Bancorp (NASDAQ:MSBI) last announced its earnings results on Thursday, April 26th. The financial services provider reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.03. Midland States Bancorp had a return on equity of 7.97% and a net margin of 4.12%. The firm had revenue of $54.79 million for the quarter, compared to analysts’ expectations of $55.00 million. analysts anticipate that Midland States Bancorp will post 2.29 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 25th. Investors of record on Friday, May 18th will be issued a dividend of $0.22 per share. The ex-dividend date is Thursday, May 17th. This represents a $0.88 annualized dividend and a yield of 2.74%. Midland States Bancorp’s payout ratio is 44.22%.

Midland States Bancorp Company Profile

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.

Institutional Ownership by Quarter for Midland States Bancorp (NASDAQ:MSBI)

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