Insider Buying: Midland States Bancorp, Inc. (NASDAQ:MSBI) Director Buys $61,925.00 in Stock

Midland States Bancorp, Inc. (NASDAQ:MSBIGet Rating) Director Jerry L. Mcdaniel bought 2,500 shares of the stock in a transaction on Friday, May 20th. The shares were bought at an average price of $24.77 per share, for a total transaction of $61,925.00. Following the purchase, the director now directly owns 7,500 shares in the company, valued at approximately $185,775. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

NASDAQ MSBI opened at $25.72 on Thursday. Midland States Bancorp, Inc. has a 52 week low of $22.50 and a 52 week high of $30.60. The firm has a market capitalization of $567.25 million, a P/E ratio of 6.99 and a beta of 0.88. The company has a quick ratio of 0.95, a current ratio of 0.96 and a debt-to-equity ratio of 0.77. The company has a 50-day moving average price of $27.32 and a 200-day moving average price of $27.03.

Midland States Bancorp (NASDAQ:MSBIGet Rating) last released its earnings results on Thursday, April 28th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.06. Midland States Bancorp had a net margin of 26.88% and a return on equity of 13.10%. During the same period last year, the business posted $0.81 earnings per share. As a group, equities research analysts anticipate that Midland States Bancorp, Inc. will post 3.72 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, May 23rd. Investors of record on Friday, May 13th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 4.51%. The ex-dividend date of this dividend was Thursday, May 12th. Midland States Bancorp’s dividend payout ratio is 31.52%.

A number of institutional investors have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC bought a new position in Midland States Bancorp in the 4th quarter worth approximately $26,000. Lindbrook Capital LLC boosted its stake in Midland States Bancorp by 1,195.7% in the 1st quarter. Lindbrook Capital LLC now owns 894 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 825 shares during the period. Quadrant Capital Group LLC boosted its stake in Midland States Bancorp by 230.6% in the 4th quarter. Quadrant Capital Group LLC now owns 1,081 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 754 shares during the period. Dorsey Wright & Associates bought a new position in Midland States Bancorp in the 1st quarter worth approximately $45,000. Finally, Captrust Financial Advisors boosted its stake in Midland States Bancorp by 98.5% in the 1st quarter. Captrust Financial Advisors now owns 1,574 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 781 shares during the period. 58.52% of the stock is owned by institutional investors.

Separately, StockNews.com cut shares of Midland States Bancorp from a “strong-buy” rating to a “buy” rating in a research note on Sunday.

Midland States Bancorp Company Profile (Get Rating)

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, Wealth Management, and Other segments. The company accepts various deposits, such as checking, savings, money market, and sweep accounts, as well as certificates of deposits.

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