Douglas J. Tucker Sells 1,954 Shares of Midland States Bancorp, Inc. (MSBI) Stock

Midland States Bancorp, Inc. (NASDAQ:MSBI) SVP Douglas J. Tucker sold 1,954 shares of the stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $34.80, for a total transaction of $67,999.20. Following the sale, the senior vice president now directly owns 4,948 shares of the company’s stock, valued at approximately $172,190.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Midland States Bancorp, Inc. (NASDAQ MSBI) traded down 0.43% during midday trading on Friday, reaching $34.50. 132,452 shares of the company were exchanged. The company has a market capitalization of $544.72 million and a PE ratio of 15.38. The firm has a 50-day moving average price of $34.86 and a 200-day moving average price of $34.24. Midland States Bancorp, Inc. has a 52 week low of $20.80 and a 52 week high of $37.58.

Midland States Bancorp (NASDAQ:MSBI) last issued its quarterly earnings data on Thursday, April 27th. The financial services provider reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.01. The business had revenue of $43.79 million during the quarter, compared to the consensus estimate of $45.50 million. Midland States Bancorp had a net margin of 17.38% and a return on equity of 11.08%. Equities research analysts anticipate that Midland States Bancorp, Inc. will post $2.33 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Midland States Bancorp (NASDAQ:MSBI)

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 19th. Stockholders of record on Friday, May 12th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, May 10th. This represents a $0.80 annualized dividend and a dividend yield of 2.31%. Midland States Bancorp’s dividend payout ratio is presently 35.56%.

WARNING: “Douglas J. Tucker Sells 1,954 Shares of Midland States Bancorp, Inc. (MSBI) Stock” was originally published by sleekmoney and is owned by of sleekmoney. If you are viewing this article on another domain, it was illegally copied and republished in violation of U.S. and international trademark and copyright law. The legal version of this article can be viewed at https://sleekmoney.com/douglas-j-tucker-sells-1954-shares-of-midland-states-bancorp-inc-msbi-stock/1915900.html.

A number of equities research analysts recently commented on the stock. Keefe, Bruyette & Woods reissued a “buy” rating and set a $37.00 target price on shares of Midland States Bancorp in a research report on Friday, May 12th. Zacks Investment Research cut shares of Midland States Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, May 3rd.

Several hedge funds have recently modified their holdings of the company. Globeflex Capital L P bought a new stake in shares of Midland States Bancorp during the first quarter valued at $107,000. Trexquant Investment LP bought a new stake in shares of Midland States Bancorp during the fourth quarter valued at $230,000. Teachers Advisors LLC increased its stake in shares of Midland States Bancorp by 11.6% in the first quarter. Teachers Advisors LLC now owns 6,718 shares of the financial services provider’s stock valued at $231,000 after buying an additional 699 shares in the last quarter. Menta Capital LLC bought a new stake in shares of Midland States Bancorp during the first quarter valued at $338,000. Finally, Bessemer Group Inc. increased its stake in shares of Midland States Bancorp by 66.7% in the fourth quarter. Bessemer Group Inc. now owns 10,000 shares of the financial services provider’s stock valued at $362,000 after buying an additional 4,000 shares in the last quarter. Institutional investors and hedge funds own 37.24% of the company’s stock.

Midland States Bancorp Company Profile

This story was originally published by sleekmoney (https://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://sleekmoney.com/douglas-j-tucker-sells-1954-shares-of-midland-states-bancorp-inc-msbi-stock/1915900.html

Receive News & Ratings for Midland States Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Midland States Bancorp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *