Midland States Bancorp Inc (MSBI) Director Sells $249,400.00 in Stock

Midland States Bancorp Inc (NASDAQ:MSBI) Director R. Robert Funderburg, Jr. sold 10,000 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $24.94, for a total value of $249,400.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

  • On Monday, March 18th, R. Robert Funderburg, Jr. sold 6,080 shares of Midland States Bancorp stock. The stock was sold at an average price of $25.07, for a total value of $152,425.60.
  • 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $22.61, for a total value of $329,789.46.

NASDAQ:MSBI traded up $0.19 on Monday, hitting $25.14. 78,324 shares of the company’s stock traded hands, compared to its average volume of 58,543. 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 Inc has a 1 year low of $19.56 and a 1 year high of $36.06. The stock has a market cap of $600.05 million, a PE ratio of 12.32, a price-to-earnings-growth ratio of 1.32 and a beta of 1.34.

Midland States Bancorp (NASDAQ:MSBI) last released its earnings results on Thursday, January 24th. The financial services provider reported $0.67 earnings per share for the quarter, beating the Thomson Reuters’ 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 company had revenue of $69.71 million for the quarter, compared to analysts’ expectations of $64.50 million. On average, equities research analysts anticipate that Midland States Bancorp Inc will post 2.66 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, February 22nd. Shareholders of record on Friday, February 15th were paid a dividend of $0.2425 per share. This represents a $0.97 annualized dividend and a yield of 3.86%. The ex-dividend date was Thursday, February 14th. This is a boost from Midland States Bancorp’s previous quarterly dividend of $0.22. Midland States Bancorp’s payout ratio is 47.55%.

Several research firms have issued reports on MSBI. BidaskClub upgraded Midland States Bancorp from a “sell” rating to a “hold” rating in a report on Friday, February 15th. Stephens reaffirmed a “buy” rating and set a $27.00 target price on shares of Midland States Bancorp in a research note on Wednesday, December 19th. Finally, Zacks Investment Research raised Midland States Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, March 13th.

Large investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp raised its stake in shares of Midland States Bancorp by 1.2% during the second quarter. Bank of New York Mellon Corp now owns 470,008 shares of the financial services provider’s stock valued at $16,101,000 after purchasing an additional 5,392 shares in the last quarter. First Trust Advisors LP raised its holdings in Midland States Bancorp by 24.3% during the 3rd quarter. First Trust Advisors LP now owns 64,814 shares of the financial services provider’s stock worth $2,081,000 after buying an additional 12,666 shares during the period. Swiss National Bank raised its holdings in Midland States Bancorp by 31.1% during the 3rd quarter. Swiss National Bank now owns 37,100 shares of the financial services provider’s stock worth $1,191,000 after buying an additional 8,800 shares during the period. BlackRock Inc. raised its holdings in Midland States Bancorp by 1.5% during the 3rd quarter. BlackRock Inc. now owns 1,354,678 shares of the financial services provider’s stock worth $43,485,000 after buying an additional 19,792 shares during the period. Finally, FMR LLC raised its holdings in Midland States Bancorp by 0.3% during the 3rd quarter. FMR LLC now owns 1,063,019 shares of the financial services provider’s stock worth $34,123,000 after buying an additional 2,766 shares during the period. 47.11% of the stock is currently owned by institutional investors.

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

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