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.
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%.
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.