Midland States Bancorp Inc (MSBI) Shares Bought by Quantum Capital Management

Quantum Capital Management increased its holdings in Midland States Bancorp Inc (NASDAQ:MSBI) by 69.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 177,177 shares of the financial services provider’s stock after buying an additional 72,875 shares during the quarter. Midland States Bancorp comprises 2.3% of Quantum Capital Management’s portfolio, making the stock its 6th largest holding. Quantum Capital Management’s holdings in Midland States Bancorp were worth $4,263,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Midland States Bancorp by 23.6% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,050 shares of the financial services provider’s stock valued at $49,000 after acquiring an additional 392 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Midland States Bancorp by 73,150.0% in the first quarter. BNP Paribas Arbitrage SA now owns 4,395 shares of the financial services provider’s stock valued at $106,000 after acquiring an additional 4,389 shares during the last quarter. Ridgewood Investments LLC bought a new position in shares of Midland States Bancorp in the first quarter valued at approximately $231,000. Hennessy Advisors Inc. raised its stake in shares of Midland States Bancorp by 115.4% in the first quarter. Hennessy Advisors Inc. now owns 140,000 shares of the financial services provider’s stock valued at $3,368,000 after acquiring an additional 75,000 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Midland States Bancorp by 16.6% in the fourth quarter. Geode Capital Management LLC now owns 234,973 shares of the financial services provider’s stock valued at $5,249,000 after acquiring an additional 33,494 shares during the last quarter. 46.29% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:MSBI traded down $0.19 during trading on Friday, reaching $26.10. The stock had a trading volume of 220 shares, compared to its average volume of 60,103. Midland States Bancorp Inc has a 52 week low of $19.56 and a 52 week high of $36.06. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.29. The stock has a market capitalization of $644.69 million, a P/E ratio of 12.80, a price-to-earnings-growth ratio of 1.51 and a beta of 1.38.

Midland States Bancorp (NASDAQ:MSBI) last issued its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. The business had revenue of $62.68 million during the quarter, compared to analyst estimates of $64.70 million. Midland States Bancorp had a net margin of 16.69% and a return on equity of 10.17%. As a group, analysts forecast that Midland States Bancorp Inc will post 2.57 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, May 13th will be issued a $0.2425 dividend. This represents a $0.97 dividend on an annualized basis and a dividend yield of 3.72%. The ex-dividend date is Friday, May 10th. Midland States Bancorp’s dividend payout ratio is currently 47.55%.

MSBI has been the subject of a number of research analyst reports. BidaskClub upgraded shares of Midland States Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, February 15th. Zacks Investment Research upgraded shares of Midland States Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, March 13th. Finally, ValuEngine cut shares of Midland States Bancorp from a “sell” rating to a “strong sell” rating in a research note on Monday, April 1st.

In related news, Director Jerry L. Mcdaniel sold 12,663 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $27.01, for a total value of $342,027.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Leon J. Holschbach sold 19,000 shares of the firm’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 transaction of $472,340.00. The disclosure for this sale can be found here. In the last three months, insiders sold 82,114 shares of company stock valued at $2,094,110. 12.70% of the stock is currently owned by company insiders.

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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, 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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