Insider Selling: Midland States Bancorp Inc (NASDAQ:MSBI) Director Sells 9,500 Shares of Stock

Midland States Bancorp Inc (NASDAQ:MSBI) Director Leon J. Holschbach sold 9,500 shares of the business’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $25.20, for a total value of $239,400.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

  • On Wednesday, April 3rd, Leon J. Holschbach sold 19,000 shares of Midland States Bancorp stock. The stock was sold at an average price of $24.86, for a total value of $472,340.00.

Shares of Midland States Bancorp stock traded up $0.33 on Friday, reaching $26.72. 500,100 shares of the stock were exchanged, compared to its average volume of 61,005. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.05 and a quick ratio of 1.05. Midland States Bancorp Inc has a twelve month low of $19.56 and a twelve month high of $36.06. The company has a market capitalization of $634.94 million, a price-to-earnings ratio of 13.10, a price-to-earnings-growth ratio of 1.43 and a beta of 1.35. The company has a 50 day simple moving average of $25.57.

Midland States Bancorp (NASDAQ:MSBI) last released its earnings results on Thursday, April 25th. The financial services provider reported $0.58 EPS for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.01. Midland States Bancorp had a return on equity of 10.06% and a net margin of 16.69%. The firm had revenue of $62.68 million during the quarter, compared to the consensus estimate of $64.70 million. On average, research analysts predict that Midland States Bancorp Inc will post 2.58 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Midland States Bancorp by 3.0% in the third quarter. Vanguard Group Inc. now owns 835,884 shares of the financial services provider’s stock valued at $26,831,000 after acquiring an additional 24,101 shares during the period. Quantamental Technologies LLC acquired a new position in Midland States Bancorp in the fourth quarter valued at approximately $36,000. Rhumbline Advisers lifted its holdings in Midland States Bancorp by 52.2% in the fourth quarter. Rhumbline Advisers now owns 29,097 shares of the financial services provider’s stock valued at $650,000 after acquiring an additional 9,974 shares during the period. Monarch Partners Asset Management LLC lifted its holdings in Midland States Bancorp by 18.1% in the fourth quarter. Monarch Partners Asset Management LLC now owns 30,773 shares of the financial services provider’s stock valued at $687,000 after acquiring an additional 4,724 shares during the period. Finally, BlackRock Inc. lifted its holdings in Midland States Bancorp by 2.8% in the fourth quarter. BlackRock Inc. now owns 1,392,525 shares of the financial services provider’s stock valued at $31,109,000 after acquiring an additional 37,847 shares during the period. 47.56% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have recently weighed in on MSBI shares. Zacks Investment Research upgraded Midland States Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, March 13th. BidaskClub lowered Midland States Bancorp from a “hold” rating to a “sell” rating in a research note on Tuesday, March 26th. ValuEngine lowered Midland States Bancorp from a “sell” rating to a “strong sell” rating in a research note on Monday, April 1st. Finally, TheStreet raised Midland States Bancorp from a “c+” rating to a “b” rating in a report on Friday, May 24th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $27.00.

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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