Midland States Bancorp (NASDAQ:MSBI) Shares Cross Below 50-Day Moving Average – What’s Next?

Midland States Bancorp, Inc. (NASDAQ:MSBI)’s share price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $22.49 and traded as low as $21.77. Midland States Bancorp shares last traded at $21.83, with a volume of 126,714 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on MSBI shares. Wall Street Zen upgraded Midland States Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, January 23rd. UBS Group set a $25.50 target price on shares of Midland States Bancorp in a research report on Monday, January 26th. Piper Sandler upped their price target on shares of Midland States Bancorp from $23.00 to $25.50 and gave the stock a “neutral” rating in a research note on Monday, January 26th. Keefe, Bruyette & Woods increased their price target on shares of Midland States Bancorp from $17.00 to $19.00 and gave the company a “market perform” rating in a report on Monday, December 8th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Midland States Bancorp in a research note on Monday, December 29th. Five equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $23.00.

Midland States Bancorp Stock Down 0.0%

The stock has a market capitalization of $468.69 million, a PE ratio of 21.61 and a beta of 0.62. The firm has a 50 day moving average of $22.49 and a two-hundred day moving average of $19.66. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 0.82.

Midland States Bancorp (NASDAQ:MSBI) last posted its earnings results on Thursday, January 22nd. The financial services provider reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.17). The firm had revenue of $85.79 million for the quarter, compared to analysts’ expectations of $74.49 million. Midland States Bancorp had a return on equity of 10.47% and a net margin of 6.62%. Equities research analysts anticipate that Midland States Bancorp, Inc. will post 2.53 earnings per share for the current year.

Midland States Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, February 13th were given a $0.32 dividend. The ex-dividend date was Friday, February 13th. This represents a $1.28 annualized dividend and a dividend yield of 5.9%. Midland States Bancorp’s payout ratio is currently 126.73%.

Insider Buying and Selling

In related news, COO Kyle Owen Mooney sold 2,808 shares of the stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $22.67, for a total value of $63,657.36. Following the sale, the chief operating officer directly owned 14,207 shares of the company’s stock, valued at approximately $322,072.69. This represents a 16.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.27% of the company’s stock.

Institutional Trading of Midland States Bancorp

Several institutional investors and hedge funds have recently modified their holdings of the business. Hsbc Holdings PLC grew its position in shares of Midland States Bancorp by 34.9% in the fourth quarter. Hsbc Holdings PLC now owns 47,004 shares of the financial services provider’s stock valued at $990,000 after purchasing an additional 12,172 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its stake in shares of Midland States Bancorp by 35.7% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 14,570 shares of the financial services provider’s stock worth $308,000 after purchasing an additional 3,837 shares in the last quarter. Empowered Funds LLC raised its position in shares of Midland States Bancorp by 10.7% during the 4th quarter. Empowered Funds LLC now owns 67,472 shares of the financial services provider’s stock worth $1,428,000 after purchasing an additional 6,513 shares during the last quarter. XTX Topco Ltd acquired a new position in shares of Midland States Bancorp during the 4th quarter worth approximately $471,000. Finally, Susquehanna Portfolio Strategies LLC purchased a new stake in Midland States Bancorp in the 4th quarter valued at approximately $203,000. Hedge funds and other institutional investors own 60.93% of the company’s stock.

Midland States Bancorp Company Profile

Midland States Bancorp, Inc is a bank holding company headquartered in Effingham, Illinois, that oversees Midland States Bank, a community-focused financial institution. Through its subsidiary, the company provides a full range of commercial and retail banking services designed to meet the needs of individuals, small and mid-sized businesses, and nonprofit organizations. Its branch network spans key markets in Illinois, Missouri and Florida, where it emphasizes relationship-driven banking and local decision-making.

The company’s offerings include traditional deposit accounts, business and commercial lending, treasury and cash management services, mortgage financing and home equity products.