Stephen A. Erickson Sells 3,500 Shares of Midland States Bancorp Inc (NASDAQ:MSBI) Stock

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Midland States Bancorp Inc (NASDAQ:MSBI) CFO Stephen A. Erickson sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $26.01, for a total transaction of $91,035.00. Following the sale, the chief financial officer now owns 14,628 shares in the company, valued at approximately $380,474.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Midland States Bancorp stock opened at $25.71 on Thursday. The firm has a market cap of $613.38 million, a price-to-earnings ratio of 12.60, a PEG ratio of 1.43 and a beta of 1.35. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.32. The company has a 50 day moving average of $26.18. Midland States Bancorp Inc has a twelve month low of $19.56 and a twelve month high of $35.28.

The business also recently disclosed a dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, August 16th will be paid a $0.243 dividend. The ex-dividend date of this dividend is Thursday, August 15th. Midland States Bancorp’s dividend payout ratio is presently 47.55%.

MSBI has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Midland States Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. TheStreet upgraded shares of Midland States Bancorp from a “c+” rating to a “b” rating in a report on Friday, May 24th. ValuEngine upgraded shares of Midland States Bancorp from a “strong sell” rating to a “sell” rating in a report on Thursday, April 18th. Finally, BidaskClub upgraded shares of Midland States Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, July 31st. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $27.00.

Institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. boosted its holdings in shares of Midland States Bancorp by 3.9% during the 2nd 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 in the last quarter. Wells Fargo & Company MN raised its position in Midland States Bancorp by 75.8% in the 2nd quarter. Wells Fargo & Company MN now owns 347,490 shares of the financial services provider’s stock valued at $9,286,000 after buying an additional 149,871 shares during the last quarter. Swiss National Bank raised its position in Midland States Bancorp by 3.6% in the 2nd quarter. Swiss National Bank now owns 40,300 shares of the financial services provider’s stock valued at $1,077,000 after buying an additional 1,400 shares during the last quarter. Municipal Employees Retirement System of Michigan purchased a new stake in Midland States Bancorp in the 2nd quarter valued at $514,000. Finally, Strs Ohio purchased a new stake in Midland States Bancorp in the 2nd quarter valued at $574,000. Hedge funds and other institutional investors own 47.51% of the company’s stock.

About Midland States Bancorp

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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