Insider Selling: Midland States Bancorp Inc (MSBI) Director Sells $62,120.00 in Stock

Midland States Bancorp Inc (NASDAQ:MSBI) Director John M. Schultz sold 2,000 shares of the stock in a transaction dated Monday, April 2nd. The stock was sold at an average price of $31.06, for a total transaction of $62,120.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

John M. Schultz also recently made the following trade(s):

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  • On Thursday, March 1st, John M. Schultz sold 2,000 shares of Midland States Bancorp stock. The stock was sold at an average price of $31.78, for a total transaction of $63,560.00.
  • On Thursday, February 15th, John M. Schultz sold 2,000 shares of Midland States Bancorp stock. The stock was sold at an average price of $30.03, for a total transaction of $60,060.00.
  • On Thursday, February 1st, John M. Schultz sold 2,000 shares of Midland States Bancorp stock. The stock was sold at an average price of $32.14, for a total transaction of $64,280.00.
  • On Tuesday, January 16th, John M. Schultz sold 2,000 shares of Midland States Bancorp stock. The stock was sold at an average price of $33.85, for a total transaction of $67,700.00.

MSBI stock opened at $32.26 on Friday. The stock has a market capitalization of $765.55, a PE ratio of 16.29, a P/E/G ratio of 1.82 and a beta of 1.00. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.06 and a quick ratio of 1.05. Midland States Bancorp Inc has a 12 month low of $28.70 and a 12 month high of $36.50.

Midland States Bancorp (NASDAQ:MSBI) last posted its earnings results on Thursday, January 25th. The financial services provider reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.17). The company had revenue of $50.03 million during the quarter, compared to the consensus estimate of $54.10 million. Midland States Bancorp had a return on equity of 8.71% and a net margin of 7.56%. analysts anticipate that Midland States Bancorp Inc will post 2.55 EPS for the current year.

MSBI has been the subject of a number of research reports. BidaskClub raised shares of Midland States Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, December 7th. Zacks Investment Research raised shares of Midland States Bancorp from a “sell” rating to a “buy” rating and set a $38.00 target price for the company in a report on Saturday, January 13th. Finally, ValuEngine cut shares of Midland States Bancorp from a “buy” rating to a “hold” rating in a report on Friday, February 2nd.

A number of hedge funds and other institutional investors have recently modified their holdings of MSBI. SG Americas Securities LLC bought a new position in Midland States Bancorp in the 3rd quarter valued at approximately $184,000. MetLife Investment Advisors LLC bought a new position in Midland States Bancorp in the 4th quarter valued at approximately $244,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in Midland States Bancorp in the 3rd quarter valued at approximately $294,000. Prudential Financial Inc. bought a new position in Midland States Bancorp in the 3rd quarter valued at approximately $329,000. Finally, California Public Employees Retirement System raised its holdings in Midland States Bancorp by 19.1% in the 3rd quarter. California Public Employees Retirement System now owns 11,037 shares of the financial services provider’s stock valued at $350,000 after buying an additional 1,769 shares during the last quarter. Institutional investors and hedge funds own 38.19% of the company’s stock.

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About Midland States Bancorp

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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