Geode Capital Management LLC Acquires 33,494 Shares of Midland States Bancorp Inc (MSBI)

Geode Capital Management LLC raised its holdings in Midland States Bancorp Inc (NASDAQ:MSBI) by 16.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 234,973 shares of the financial services provider’s stock after purchasing an additional 33,494 shares during the period. Geode Capital Management LLC’s holdings in Midland States Bancorp were worth $5,249,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Quantamental Technologies LLC bought a new stake in shares of Midland States Bancorp during the 4th quarter worth approximately $36,000. Citigroup Inc. lifted its holdings in shares of Midland States Bancorp by 22.6% during the 4th quarter. Citigroup Inc. now owns 9,258 shares of the financial services provider’s stock worth $207,000 after acquiring an additional 1,709 shares during the period. GSA Capital Partners LLP bought a new stake in shares of Midland States Bancorp during the 4th quarter worth approximately $211,000. PL Capital Advisors LLC bought a new stake in shares of Midland States Bancorp during the 4th quarter worth approximately $223,000. Finally, Credit Suisse AG lifted its holdings in shares of Midland States Bancorp by 24.1% during the 3rd quarter. Credit Suisse AG now owns 15,092 shares of the financial services provider’s stock worth $484,000 after acquiring an additional 2,931 shares during the period. 46.29% of the stock is owned by hedge funds and other institutional investors.

MSBI stock opened at $26.43 on Monday. The company has a market cap of $641.77 million, a P/E ratio of 12.96, a P/E/G ratio of 1.38 and a beta of 1.33. Midland States Bancorp Inc has a 1 year low of $19.56 and a 1 year high of $36.06. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.29.

Midland States Bancorp (NASDAQ:MSBI) last released its quarterly earnings data on Thursday, January 24th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.03. The business had revenue of $69.71 million during the quarter, compared to analysts’ expectations of $64.50 million. Midland States Bancorp had a net margin of 13.33% and a return on equity of 9.76%. As a group, research analysts expect that Midland States Bancorp Inc will post 2.73 earnings per share for the current fiscal year.

In other Midland States Bancorp news, Director Leon J. Holschbach sold 19,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $24.86, for a total value of $472,340.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director R. Robert Funderburg, Jr. sold 12,500 shares of the company’s stock in a transaction that occurred on Monday, February 4th. The shares were sold at an average price of $24.28, for a total transaction of $303,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 88,614 shares of company stock valued at $2,199,539. 12.70% of the stock is owned by corporate insiders.

MSBI has been the subject of a number of research analyst reports. BidaskClub upgraded shares of Midland States Bancorp from a “hold” rating to a “buy” rating in a research report on Saturday, April 13th. Zacks Investment Research cut shares of Midland States Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, April 10th. Finally, ValuEngine cut shares of Midland States Bancorp from a “sell” rating to a “strong sell” rating in a research report on Monday, April 1st.

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About Midland States Bancorp

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, Commercial FHA Origination and Servicing, Wealth Management, and Other segments.

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

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