Point72 DIFC Ltd Makes New Investment in Midland States Bancorp, Inc. (NASDAQ:MSBI)

Point72 DIFC Ltd purchased a new stake in Midland States Bancorp, Inc. (NASDAQ:MSBI) during the third quarter, HoldingsChannel reports. The institutional investor purchased 1,364 shares of the financial services provider’s stock, valued at approximately $31,000.

A number of other institutional investors also recently modified their holdings of the company. Point72 Asset Management L.P. bought a new position in shares of Midland States Bancorp in the 3rd quarter valued at about $45,000. Quantbot Technologies LP boosted its position in Midland States Bancorp by 25.8% during the third 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 Midland States Bancorp by 141.6% in 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 in the last quarter. Quest Partners LLC acquired a new position in shares of Midland States Bancorp during the 3rd quarter worth approximately $148,000. Finally, Comerica Bank raised its stake in shares of Midland States Bancorp by 950.4% during the 1st quarter. Comerica Bank now owns 7,468 shares of the financial services provider’s stock worth $188,000 after purchasing an additional 6,757 shares in the last quarter. 60.93% of the stock is currently owned by institutional investors.

Midland States Bancorp Stock Up 0.8 %

MSBI opened at $26.85 on Wednesday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.79. The stock’s fifty day simple moving average is $25.08 and its 200 day simple moving average is $23.43. Midland States Bancorp, Inc. has a 1-year low of $20.54 and a 1-year high of $28.47. The stock has a market cap of $574.59 million, a PE ratio of 11.62 and a beta of 0.75.

Midland States Bancorp (NASDAQ:MSBI) last posted its earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.11. Midland States Bancorp had a net margin of 12.13% and a return on equity of 8.90%. The company had revenue of $124.17 million during the quarter, compared to analysts’ expectations of $72.90 million. During the same quarter last year, the company posted $0.78 EPS. As a group, research analysts expect that Midland States Bancorp, Inc. 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. The ex-dividend date was Monday, November 18th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 4.62%. Midland States Bancorp’s payout ratio is presently 53.68%.

Insider Buying and Selling at Midland States Bancorp

In other Midland States Bancorp 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 transaction, the chief executive officer now directly owns 343,935 shares of the company’s stock, valued at $8,433,286.20. This trade represents a 3.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.60% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on MSBI shares. StockNews.com cut shares of Midland States Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, November 22nd. Piper Sandler lifted their price objective on shares of Midland States Bancorp from $26.00 to $27.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Midland States Bancorp from $24.00 to $28.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th.

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.