Insider Selling: Midland States Bancorp Inc (MSBI) CEO Sells 2,000 Shares of Stock

Midland States Bancorp Inc (NASDAQ:MSBI) CEO Leon J. Holschbach sold 2,000 shares of the stock in a transaction dated Friday, November 23rd. The stock was sold at an average price of $25.36, for a total transaction of $50,720.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Leon J. Holschbach also recently made the following trade(s):

  • On Monday, November 26th, Leon J. Holschbach sold 6,000 shares of Midland States Bancorp stock. The stock was sold at an average price of $25.56, for a total transaction of $153,360.00.
  • On Tuesday, November 20th, Leon J. Holschbach sold 2,000 shares of Midland States Bancorp stock. The stock was sold at an average price of $25.43, for a total transaction of $50,860.00.

Shares of Midland States Bancorp stock traded up $0.73 on Monday, reaching $26.27. The stock had a trading volume of 59,200 shares, compared to its average volume of 76,610. Midland States Bancorp Inc has a 1 year low of $23.27 and a 1 year high of $36.06. The company has a market cap of $605.42 million, a price-to-earnings ratio of 13.20, a PEG ratio of 1.49 and a beta of 1.36. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.34.

Midland States Bancorp (NASDAQ:MSBI) last announced its quarterly earnings results on Friday, October 26th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.03. Midland States Bancorp had a net margin of 9.27% and a return on equity of 9.01%. The firm had revenue of $63.35 million for the quarter, compared to the consensus estimate of $66.90 million. On average, sell-side analysts predict that Midland States Bancorp Inc will post 2.45 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, November 26th. Stockholders of record on Monday, November 19th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date of this dividend is Friday, November 16th. Midland States Bancorp’s payout ratio is 44.22%.

A number of brokerages have recently issued reports on MSBI. Zacks Investment Research downgraded shares of Midland States Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, November 17th. ValuEngine downgraded shares of Midland States Bancorp from a “hold” rating to a “sell” rating in a report on Friday, October 12th. Finally, BidaskClub downgraded shares of Midland States Bancorp from a “sell” rating to a “strong sell” rating in a report on Thursday, October 4th.

Hedge funds have recently bought and sold shares of the stock. Zebra Capital Management LLC bought a new position in shares of Midland States Bancorp in the second quarter worth approximately $235,000. Metropolitan Life Insurance Co. NY increased its position in shares of Midland States Bancorp by 32.1% in the second quarter. Metropolitan Life Insurance Co. NY now owns 7,086 shares of the financial services provider’s stock worth $243,000 after purchasing an additional 1,723 shares during the last quarter. Assetmark Inc. increased its position in shares of Midland States Bancorp by 63.7% in the second quarter. Assetmark Inc. now owns 7,133 shares of the financial services provider’s stock worth $244,000 after purchasing an additional 2,775 shares during the last quarter. Associated Banc Corp bought a new position in shares of Midland States Bancorp in the third quarter worth approximately $331,000. Finally, MetLife Investment Advisors LLC increased its position in shares of Midland States Bancorp by 33.4% in the second quarter. MetLife Investment Advisors LLC now owns 10,034 shares of the financial services provider’s stock worth $344,000 after purchasing an additional 2,513 shares during the last quarter. Institutional investors own 45.63% of the company’s stock.

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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 banking and financial products and services to individuals, businesses, municipalities, and other entities. The company's deposit products include checking, savings, money market, and sweep accounts, as well as certificates of deposits, noninterest-bearing and interest-bearing demand deposits, and time deposits.

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

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