Insider Selling: Midland States Bancorp, Inc. (MSBI) Director Sells 2,000 Shares of Stock

Midland States Bancorp, Inc. (NASDAQ:MSBI) Director John M. Schultz sold 2,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $31.76, for a total transaction of $63,520.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

  • On Monday, July 3rd, John M. Schultz sold 2,000 shares of Midland States Bancorp stock. The shares were sold at an average price of $33.55, for a total transaction of $67,100.00.
  • On Thursday, June 1st, John M. Schultz sold 2,000 shares of Midland States Bancorp stock. The shares were sold at an average price of $34.45, for a total transaction of $68,900.00.

Shares of Midland States Bancorp, Inc. (MSBI) traded up 0.20% during trading on Friday, hitting $29.33. 79,305 shares of the company’s stock were exchanged. The company has a market cap of $560.06 million, a P/E ratio of 15.26 and a beta of 2.28. The company has a 50-day moving average of $32.36 and a 200-day moving average of $33.71. Midland States Bancorp, Inc. has a 12-month low of $23.51 and a 12-month high of $37.58.

Midland States Bancorp (NASDAQ:MSBI) last announced its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.58 by $0.07. Midland States Bancorp had a net margin of 15.60% and a return on equity of 10.65%. The firm had revenue of $43.02 million during the quarter, compared to analysts’ expectations of $45.60 million. On average, equities analysts expect that Midland States Bancorp, Inc. will post $1.90 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Friday, August 18th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend is Wednesday, August 16th. Midland States Bancorp’s dividend payout ratio is currently 41.03%.

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Several research firms recently weighed in on MSBI. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $37.00 target price on shares of Midland States Bancorp in a research note on Friday, May 12th. Zacks Investment Research cut shares of Midland States Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, May 3rd.

Several large investors have recently made changes to their positions in the stock. Blair William & Co. IL raised its position in shares of Midland States Bancorp by 0.9% in the second quarter. Blair William & Co. IL now owns 6,629 shares of the financial services provider’s stock valued at $222,000 after buying an additional 60 shares during the period. Parametric Portfolio Associates LLC raised its position in shares of Midland States Bancorp by 2.0% in the first quarter. Parametric Portfolio Associates LLC now owns 11,814 shares of the financial services provider’s stock valued at $406,000 after buying an additional 236 shares during the period. Alliancebernstein L.P. raised its position in shares of Midland States Bancorp by 20.0% in the second quarter. Alliancebernstein L.P. now owns 10,800 shares of the financial services provider’s stock valued at $362,000 after buying an additional 1,800 shares during the period. Russell Investments Group Ltd. raised its position in shares of Midland States Bancorp by 7.6% in the second quarter. Russell Investments Group Ltd. now owns 25,702 shares of the financial services provider’s stock valued at $862,000 after buying an additional 1,811 shares during the period. Finally, Federated Investors Inc. PA raised its position in shares of Midland States Bancorp by 4.8% in the second quarter. Federated Investors Inc. PA now owns 40,738 shares of the financial services provider’s stock valued at $1,366,000 after buying an additional 1,848 shares during the period. 33.04% of the stock is owned by hedge funds and other institutional investors.

About Midland States Bancorp

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

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