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

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

Midland States Bancorp Stock Up 1.5 %

Shares of NASDAQ:MSBI traded up $0.37 during trading on Friday, hitting $24.61. The company’s stock had a trading volume of 70,022 shares, compared to its average volume of 59,912. The company has a market capitalization of $526.65 million, a PE ratio of 10.65 and a beta of 0.76. 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. The stock’s 50-day moving average price is $25.57 and its two-hundred day moving average price is $23.87.

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

Midland States Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were paid a $0.31 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.24 dividend on an annualized basis and a yield of 5.04%. Midland States Bancorp’s dividend payout ratio (DPR) is 53.68%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Keefe, Bruyette & Woods raised their target price on Midland States Bancorp from $24.00 to $28.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. StockNews.com upgraded shares of Midland States Bancorp from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. Finally, Piper Sandler boosted their target price on shares of Midland States Bancorp from $26.00 to $27.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th.

Insider Activity at Midland States Bancorp

In other Midland States Bancorp news, CEO Jeffrey G. Ludwig sold 12,753 shares of Midland States Bancorp stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $24.52, for a total transaction of $312,703.56. Following the transaction, the chief executive officer now directly owns 343,935 shares of the company’s stock, valued at $8,433,286.20. The trade was a 3.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 5.60% of the stock is owned by insiders.

Institutional Trading of Midland States Bancorp

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

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.