Midland States Bancorp Inc (MSBI) CEO Leon J. Holschbach Sells 8,500 Shares

Midland States Bancorp Inc (NASDAQ:MSBI) CEO Leon J. Holschbach sold 8,500 shares of the stock in a transaction dated Monday, April 16th. The shares were sold at an average price of $31.86, for a total transaction of $270,810.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

MSBI traded down $0.21 on Tuesday, hitting $31.88. 16,378 shares of the company’s stock were exchanged, compared to its average volume of 79,862. Midland States Bancorp Inc has a fifty-two week low of $28.70 and a fifty-two week high of $36.50. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 1.42. The stock has a market cap of $750.68, a PE ratio of 16.07, a price-to-earnings-growth ratio of 2.01 and a beta of 0.99.

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Midland States Bancorp (NASDAQ:MSBI) last announced its earnings results on Thursday, January 25th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.17). Midland States Bancorp had a return on equity of 8.71% and a net margin of 7.56%. The business had revenue of $50.03 million for the quarter, compared to analyst estimates of $54.10 million. research analysts anticipate that Midland States Bancorp Inc will post 2.26 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Endeavour Capital Advisors Inc. raised its holdings in shares of Midland States Bancorp by 24.2% during the 4th quarter. Endeavour Capital Advisors Inc. now owns 866,792 shares of the financial services provider’s stock worth $28,153,000 after acquiring an additional 168,905 shares during the period. BlackRock Inc. raised its holdings in shares of Midland States Bancorp by 2.9% during the 4th quarter. BlackRock Inc. now owns 782,801 shares of the financial services provider’s stock worth $25,426,000 after acquiring an additional 22,052 shares during the period. Northpointe Capital LLC raised its holdings in shares of Midland States Bancorp by 101.6% during the 4th quarter. Northpointe Capital LLC now owns 507,800 shares of the financial services provider’s stock worth $16,493,000 after acquiring an additional 255,865 shares during the period. Pacific Ridge Capital Partners LLC raised its holdings in shares of Midland States Bancorp by 21.2% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 179,840 shares of the financial services provider’s stock worth $5,841,000 after acquiring an additional 31,510 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in shares of Midland States Bancorp by 33.8% during the 4th quarter. Wells Fargo & Company MN now owns 127,076 shares of the financial services provider’s stock worth $4,127,000 after acquiring an additional 32,129 shares during the period. Institutional investors and hedge funds own 38.38% of the company’s stock.

A number of equities research analysts have recently commented on MSBI shares. BidaskClub cut shares of Midland States Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, January 25th. Zacks Investment Research cut shares of Midland States Bancorp from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 4th. Finally, ValuEngine cut shares of Midland States Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd.

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Midland States Bancorp Company Profile

Midland States Bancorp, Inc is a diversified financial holding company. The Company’s banking subsidiary is Midland States Bank (the Bank). The Company’s principal business activity has been lending to and accepting deposits from individuals, businesses, municipalities and other entities. The Company’s segments include Banking, which provides a range of financial products and services to consumers and businesses, including loan products; commercial equipment leasing; mortgage loan sales and servicing; letters of credit; various types of deposit products, including checking, savings and time deposit accounts; merchant services, and corporate treasury management services; Commercial Federal Housing Administration (FHA) Origination and Servicing, which provides for the origination and servicing of government sponsored mortgages for multifamily and healthcare facilities, and Other, which includes the operating results of the Company and its wealth management business unit.

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

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