John M. Schultz Sells 2,000 Shares of Midland States Bancorp Inc (MSBI) Stock

Midland States Bancorp Inc (NASDAQ:MSBI) Director John M. Schultz sold 2,000 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $32.61, for a total value of $65,220.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

  • On Friday, December 1st, John M. Schultz sold 2,000 shares of Midland States Bancorp stock. The shares were sold at an average price of $32.90, for a total value of $65,800.00.
  • On Wednesday, November 1st, John M. Schultz sold 2,000 shares of Midland States Bancorp stock. The shares were sold at an average price of $32.22, for a total value of $64,440.00.

Shares of Midland States Bancorp Inc (NASDAQ MSBI) traded up $0.06 during midday trading on Wednesday, reaching $32.53. The company had a trading volume of 27,978 shares, compared to its average volume of 50,100. Midland States Bancorp Inc has a 1 year low of $28.70 and a 1 year high of $36.50. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 1.32. The firm has a market capitalization of $626.83 and a PE ratio of 22.28.

Midland States Bancorp (NASDAQ:MSBI) last issued its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.49 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.09). Midland States Bancorp had a net margin of 11.90% and a return on equity of 10.22%. The company had revenue of $52.17 million for the quarter, compared to analyst estimates of $55.20 million. sell-side analysts forecast that Midland States Bancorp Inc will post 1.38 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC boosted its position in Midland States Bancorp by 20.7% during the second quarter. FMR LLC now owns 843,862 shares of the financial services provider’s stock valued at $28,286,000 after purchasing an additional 144,544 shares during the last quarter. Jacobs Asset Management LLC lifted its position in shares of Midland States Bancorp by 30.1% in the second quarter. Jacobs Asset Management LLC now owns 494,512 shares of the financial services provider’s stock valued at $16,576,000 after buying an additional 114,512 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Midland States Bancorp by 41.0% in the second quarter. Vanguard Group Inc. now owns 461,065 shares of the financial services provider’s stock valued at $15,455,000 after buying an additional 134,176 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Midland States Bancorp by 6.0% in the second quarter. Bank of New York Mellon Corp now owns 450,846 shares of the financial services provider’s stock valued at $15,112,000 after buying an additional 25,656 shares during the last quarter. Finally, Capital Z Partners Management LLC acquired a new stake in shares of Midland States Bancorp in the second quarter valued at approximately $13,138,000. 45.99% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently commented on MSBI shares. Zacks Investment Research raised Midland States Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. BidaskClub cut Midland States Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, December 15th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $42.00 price target on shares of Midland States Bancorp in a research report on Thursday, October 19th.

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Midland States Bancorp Company Profile

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

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