Midland States Bancorp Inc (MSBI) Director R. Robert Funderburg, Jr. Sells 6,080 Shares

Midland States Bancorp Inc (NASDAQ:MSBI) Director R. Robert Funderburg, Jr. sold 6,080 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $25.07, for a total value of $152,425.60. The transaction was disclosed in a document filed with the SEC, which is available through this link.

R. Robert Funderburg, Jr. also recently made the following trade(s):

  • On Friday, March 15th, R. Robert Funderburg, Jr. sold 10,000 shares of Midland States Bancorp stock. The stock was sold at an average price of $24.94, for a total value of $249,400.00.
  • On Friday, March 1st, R. Robert Funderburg, Jr. sold 17,058 shares of Midland States Bancorp stock. The stock was sold at an average price of $25.60, for a total value of $436,684.80.
  • On Tuesday, February 12th, R. Robert Funderburg, Jr. sold 4,837 shares of Midland States Bancorp stock. The shares were sold at an average price of $24.50, for a total value of $118,506.50.
  • On Friday, February 8th, R. Robert Funderburg, Jr. sold 6,663 shares of Midland States Bancorp stock. The shares were sold at an average price of $24.37, for a total value of $162,377.31.
  • On Monday, February 4th, R. Robert Funderburg, Jr. sold 12,500 shares of Midland States Bancorp stock. The shares were sold at an average price of $24.28, for a total value of $303,500.00.
  • On Wednesday, January 16th, R. Robert Funderburg, Jr. sold 7,211 shares of Midland States Bancorp stock. The shares were sold at an average price of $23.45, for a total value of $169,097.95.
  • On Monday, January 14th, R. Robert Funderburg, Jr. sold 261 shares of Midland States Bancorp stock. The shares were sold at an average price of $23.30, for a total value of $6,081.30.
  • On Monday, January 7th, R. Robert Funderburg, Jr. sold 15,000 shares of Midland States Bancorp stock. The shares were sold at an average price of $23.09, for a total value of $346,350.00.
  • On Wednesday, January 2nd, R. Robert Funderburg, Jr. sold 14,586 shares of Midland States Bancorp stock. The shares were sold at an average price of $22.61, for a total value of $329,789.46.

Shares of MSBI stock traded up $0.19 during mid-day trading on Monday, reaching $25.14. 78,324 shares of the stock traded hands, compared to its average volume of 58,543. Midland States Bancorp Inc has a 1-year low of $19.56 and a 1-year high of $36.06. The firm has a market capitalization of $600.05 million, a price-to-earnings ratio of 12.32, a PEG ratio of 1.32 and a beta of 1.34. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.29.

Midland States Bancorp (NASDAQ:MSBI) last announced its quarterly earnings results on Thursday, January 24th. The financial services provider reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate 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 firm had revenue of $69.71 million for the quarter, compared to analyst estimates of $64.50 million. On average, sell-side analysts predict that Midland States Bancorp Inc will post 2.66 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, February 22nd. Stockholders of record on Friday, February 15th were paid a dividend of $0.2425 per share. This represents a $0.97 dividend on an annualized basis and a dividend yield of 3.86%. This is a positive change from Midland States Bancorp’s previous quarterly dividend of $0.22. The ex-dividend date was Thursday, February 14th. Midland States Bancorp’s dividend payout ratio (DPR) is presently 47.55%.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of 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 valued at $31,109,000 after purchasing an additional 37,847 shares in the last quarter. FMR LLC boosted its stake in shares of Midland States Bancorp by 0.3% during the third quarter. FMR LLC now owns 1,063,019 shares of the financial services provider’s stock valued at $34,123,000 after purchasing an additional 2,766 shares in the last quarter. Vanguard Group Inc boosted its stake in shares of 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 valued at $26,831,000 after purchasing an additional 24,101 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of 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 valued at $26,831,000 after purchasing an additional 24,101 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Midland States Bancorp by 25.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 559,834 shares of the financial services provider’s stock valued at $12,507,000 after purchasing an additional 114,165 shares in the last quarter. 47.11% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts recently weighed in on the company. BidaskClub raised Midland States Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, February 15th. Zacks Investment Research raised Midland States Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, March 13th. Finally, Stephens reaffirmed a “buy” rating and issued a $27.00 price objective on shares of Midland States Bancorp in a research note on Wednesday, December 19th.

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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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