Leon J. Holschbach Sells 9,500 Shares of Midland States Bancorp Inc (NASDAQ:MSBI) Stock

Midland States Bancorp Inc (NASDAQ:MSBI) Director Leon J. Holschbach sold 9,500 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $28.01, for a total transaction of $266,095.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Leon J. Holschbach also recently made the following trade(s):

  • On Thursday, November 7th, Leon J. Holschbach sold 10,234 shares of Midland States Bancorp stock. The stock was sold at an average price of $28.00, for a total transaction of $286,552.00.
  • On Monday, October 21st, Leon J. Holschbach sold 8,766 shares of Midland States Bancorp stock. The shares were sold at an average price of $26.59, for a total transaction of $233,087.94.
  • On Thursday, September 5th, Leon J. Holschbach sold 1,992 shares of Midland States Bancorp stock. The shares were sold at an average price of $26.00, for a total transaction of $51,792.00.

Shares of MSBI stock traded down $0.63 during trading hours on Tuesday, hitting $27.42. 1,426 shares of the company were exchanged, compared to its average volume of 63,659. Midland States Bancorp Inc has a 52 week low of $19.56 and a 52 week high of $28.36. The company has a current ratio of 1.05, a quick ratio of 1.04 and a debt-to-equity ratio of 1.25. The business has a 50 day moving average of $27.31 and a two-hundred day moving average of $26.31. The company has a market capitalization of $681.51 million, a PE ratio of 13.48 and a beta of 1.37.

Midland States Bancorp (NASDAQ:MSBI) last posted its quarterly earnings data on Friday, October 25th. The financial services provider reported $0.51 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.13). The company had revenue of $69.06 million during the quarter. Midland States Bancorp had a net margin of 18.30% and a return on equity of 10.01%. On average, research analysts forecast that Midland States Bancorp Inc will post 2.49 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Monday, November 18th were paid a $0.2425 dividend. This represents a $0.97 annualized dividend and a dividend yield of 3.54%. The ex-dividend date of this dividend was Friday, November 15th. Midland States Bancorp’s dividend payout ratio is 47.55%.

Several analysts recently commented on MSBI shares. Zacks Investment Research raised Midland States Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, November 23rd. DA Davidson reissued a “buy” rating on shares of Midland States Bancorp in a research note on Monday, November 18th. BidaskClub upgraded Midland States Bancorp from a “hold” rating to a “buy” rating in a report on Friday, November 8th. Finally, ValuEngine lowered Midland States Bancorp from a “hold” rating to a “sell” rating in a research report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $27.00.

Several institutional investors and hedge funds have recently added to or reduced their stakes in MSBI. Tower Research Capital LLC TRC boosted its holdings in Midland States Bancorp by 63.1% during the second quarter. Tower Research Capital LLC TRC now owns 1,036 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 401 shares during the last quarter. Ridgewood Investments LLC raised its holdings in shares of Midland States Bancorp by 3.3% in the 3rd quarter. Ridgewood Investments LLC now owns 13,589 shares of the financial services provider’s stock valued at $354,000 after purchasing an additional 429 shares during the period. California State Teachers Retirement System grew its holdings in Midland States Bancorp by 2.5% during the third quarter. California State Teachers Retirement System now owns 34,180 shares of the financial services provider’s stock worth $890,000 after purchasing an additional 824 shares during the period. Quantum Capital Management grew its holdings in Midland States Bancorp by 0.9% during the third quarter. Quantum Capital Management now owns 118,494 shares of the financial services provider’s stock worth $3,087,000 after purchasing an additional 1,067 shares during the period. Finally, JPMorgan Chase & Co. increased its position in Midland States Bancorp by 3.9% during the second quarter. JPMorgan Chase & Co. now owns 29,661 shares of the financial services provider’s stock worth $783,000 after buying an additional 1,114 shares during the last quarter. 48.76% of the stock is currently owned by hedge funds and other 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, Commercial FHA Origination and Servicing, Wealth Management, and Other segments.

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

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