Insider Selling: Midland States Bancorp Inc (NASDAQ:MSBI) Director Sells $67,100.00 in Stock

Midland States Bancorp Inc (NASDAQ:MSBI) Director John M. Schultz sold 2,000 shares of the business’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $33.55, for a total value of $67,100.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

John M. Schultz also recently made the following trade(s):

  • On Thursday, June 1st, John M. Schultz sold 2,000 shares of Midland States Bancorp stock. The stock was sold at an average price of $34.45, for a total value of $68,900.00.
  • On Monday, May 1st, John M. Schultz sold 2,000 shares of Midland States Bancorp stock. The stock was sold at an average price of $34.30, for a total value of $68,600.00.

Midland States Bancorp Inc (MSBI) traded down 0.312% on Monday, reaching $33.545. The company had a trading volume of 23,533 shares. Midland States Bancorp Inc has a one year low of $21.96 and a one year high of $37.58. The company’s 50 day moving average is $34.51 and its 200-day moving average is $34.28. The firm has a market capitalization of $529.64 million, a price-to-earnings ratio of 14.955 and a beta of 2.49.

Midland States Bancorp (NASDAQ:MSBI) last issued its quarterly earnings data on Thursday, April 27th. The financial services provider reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.01. Midland States Bancorp had a net margin of 19.39% and a return on equity of 10.32%. The business had revenue of $43.79 million during the quarter, compared to analyst estimates of $45.50 million. On average, equities research analysts expect that Midland States Bancorp Inc will post $2.30 earnings per share for the current fiscal year.

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Hedge funds have recently modified their holdings of the company. Wellington Management Group LLP bought a new stake in shares of Midland States Bancorp during the first quarter valued at approximately $12,813,000. Bank of New York Mellon Corp raised its stake in shares of Midland States Bancorp by 101.2% in the first quarter. Bank of New York Mellon Corp now owns 425,190 shares of the financial services provider’s stock valued at $14,621,000 after buying an additional 213,854 shares during the period. Pacific Ridge Capital Partners LLC bought a new stake in shares of Midland States Bancorp during the first quarter valued at approximately $2,825,000. Russell Investments Group Ltd. bought a new stake in shares of Midland States Bancorp during the fourth quarter valued at approximately $2,882,000. Finally, Vanguard Group Inc. raised its stake in shares of Midland States Bancorp by 18.4% in the first quarter. Vanguard Group Inc. now owns 326,889 shares of the financial services provider’s stock valued at $11,241,000 after buying an additional 50,868 shares during the period. Institutional investors and hedge funds own 37.24% of the company’s stock.

A number of research analysts recently weighed in on the company. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $37.00 price target on shares of Midland States Bancorp in a research note on Friday, May 12th. Zacks Investment Research raised Midland States Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, April 5th.

About Midland States Bancorp

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

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