Dimensional Fund Advisors LP Purchases 114,165 Shares of Midland States Bancorp Inc (MSBI)
Dimensional Fund Advisors LP lifted its position in Midland States Bancorp Inc (NASDAQ:MSBI) by 25.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 559,834 shares of the financial services provider’s stock after buying an additional 114,165 shares during the quarter. Dimensional Fund Advisors LP owned about 2.36% of Midland States Bancorp worth $12,507,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. boosted its position in Midland States Bancorp by 2.8% during the fourth quarter. BlackRock Inc. now owns 1,392,525 shares of the financial services provider’s stock worth $31,109,000 after purchasing an additional 37,847 shares during the period. Credit Suisse AG boosted its position in Midland States Bancorp by 24.1% during the third quarter. Credit Suisse AG now owns 15,092 shares of the financial services provider’s stock worth $484,000 after purchasing an additional 2,931 shares during the period. Quantum Capital Management boosted its position in Midland States Bancorp by 113.2% during the fourth quarter. Quantum Capital Management now owns 104,302 shares of the financial services provider’s stock worth $2,330,000 after purchasing an additional 55,388 shares during the period. Quantamental Technologies LLC bought a new stake in Midland States Bancorp during the fourth quarter worth approximately $36,000. Finally, Vanguard Group Inc boosted its position in Midland States Bancorp by 3.0% during the third quarter. Vanguard Group Inc now owns 835,884 shares of the financial services provider’s stock worth $26,831,000 after purchasing an additional 24,101 shares during the period. 46.29% of the stock is owned by institutional investors and hedge funds.
In other news, Director R. Robert Funderburg, Jr. sold 7,058 shares of the company’s stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $24.06, for a total transaction of $169,815.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Leon J. Holschbach sold 19,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $24.86, for a total value of $472,340.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 88,614 shares of company stock valued at $2,199,539. Corporate insiders own 12.70% of the company’s stock.
Shares of MSBI stock opened at $26.43 on Friday. Midland States Bancorp Inc has a 12 month low of $19.56 and a 12 month high of $36.06. The company has a market cap of $641.77 million, a PE ratio of 12.96, a price-to-earnings-growth ratio of 1.37 and a beta of 1.33. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.04 and a quick ratio of 1.04.
Midland States Bancorp (NASDAQ:MSBI) last issued its quarterly earnings results on Thursday, January 24th. The financial services provider reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.03. Midland States Bancorp had a return on equity of 9.76% and a net margin of 13.33%. The company had revenue of $69.71 million during the quarter, compared to analyst estimates of $64.50 million. Equities analysts anticipate that Midland States Bancorp Inc will post 2.73 earnings per share for the current fiscal year.
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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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