Insider Selling: Midland States Bancorp (NASDAQ:MSBI) COO Sells $79,992.00 in Stock

Midland States Bancorp, Inc. (NASDAQ:MSBI) COO Kyle Mooney sold 2,400 shares of the business’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $33.33, for a total value of $79,992.00. Following the transaction, the chief operating officer owned 13,610 shares in the company, valued at approximately $453,621.30. This trade represents a 14.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Kyle Owen Mooney also recently made the following trade(s):

• On Tuesday, August 18th, Kyle Mooney sold 489 shares of Midland States Bancorp stock. The shares were sold at an average price of $33.16, for a total value of $16,215.24.
• On Tuesday, August 11th, Kyle Mooney sold 1,198 shares of Midland States Bancorp stock. The shares were sold at an average price of $33.51, for a total value of $40,144.98.

Midland States Bancorp Price Performance

Shares of NASDAQ MSBI opened at $33.45 on Friday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.78 and a current ratio of 0.78. The company has a market cap of $694.09 million, a PE ratio of 21.44 and a beta of 0.65. The business has a 50-day simple moving average of $32.56 and a two-hundred day simple moving average of $28.00. Midland States Bancorp, Inc. has a fifty-two week low of $14.24 and a fifty-two week high of $35.10.

Midland States Bancorp (NASDAQ:MSBI) last posted its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.04. The firm had revenue of $83.74 million for the quarter, compared to the consensus estimate of $80.70 million. Midland States Bancorp had a net margin of 9.40% and a return on equity of 13.32%. As a group, equities analysts expect that Midland States Bancorp, Inc. will post 3.4 EPS for the current fiscal year.

Midland States Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 14th were issued a $0.33 dividend. This is an increase from Midland States Bancorp’s previous quarterly dividend of $0.32. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Friday, August 14th. Midland States Bancorp’s dividend payout ratio is 84.62%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on MSBI shares. Keefe, Bruyette & Woods boosted their price objective on shares of Midland States Bancorp from $28.00 to $31.00 and gave the company a “market perform” rating in a report on Monday, July 27th. Wall Street Zen lowered Midland States Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd. DA Davidson lifted their price target on Midland States Bancorp from $30.00 to $33.00 and gave the stock a “neutral” rating in a research report on Monday, July 27th. Piper Sandler boosted their price target on Midland States Bancorp from $32.00 to $35.00 and gave the company a “neutral” rating in a research note on Tuesday, July 28th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Midland States Bancorp in a report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Midland States Bancorp presently has an average rating of “Hold” and an average price target of $31.12.

Institutional Trading of Midland States Bancorp

A number of hedge funds have recently modified their holdings of MSBI. Amundi boosted its position in Midland States Bancorp by 39.4% in the 1st quarter. Amundi now owns 2,194 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 620 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of Midland States Bancorp by 3.5% in the 1st quarter. Empowered Funds LLC now owns 58,504 shares of the financial services provider’s stock valued at $1,002,000 after purchasing an additional 2,004 shares during the period. Jane Street Group LLC purchased a new stake in Midland States Bancorp during the first quarter worth $354,000. Rhumbline Advisers boosted its holdings in Midland States Bancorp by 5.5% during the second quarter. Rhumbline Advisers now owns 32,343 shares of the financial services provider’s stock worth $560,000 after buying an additional 1,687 shares in the last quarter. Finally, Hsbc Holdings PLC grew its position in Midland States Bancorp by 18.1% during the second quarter. Hsbc Holdings PLC now owns 33,166 shares of the financial services provider’s stock valued at $577,000 after buying an additional 5,075 shares during the period. Hedge funds and other institutional investors own 60.93% of the company’s stock.

Midland States Bancorp Company Profile

Midland States Bancorp, Inc is a bank holding company headquartered in Effingham, Illinois, that oversees Midland States Bank, a community-focused financial institution. Through its subsidiary, the company provides a full range of commercial and retail banking services designed to meet the needs of individuals, small and mid-sized businesses, and nonprofit organizations. Its branch network spans key markets in Illinois, Missouri and Florida, where it emphasizes relationship-driven banking and local decision-making.

The company’s offerings include traditional deposit accounts, business and commercial lending, treasury and cash management services, mortgage financing and home equity products.