Brandywine Global Investment Management LLC Sells 2,300 Shares of Midland States Bancorp, Inc. (NASDAQ:MSBI)

Brandywine Global Investment Management LLC decreased its position in shares of Midland States Bancorp, Inc. (NASDAQ:MSBI) by 4.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,587 shares of the financial services provider’s stock after selling 2,300 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.24% of Midland States Bancorp worth $1,234,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Point72 DIFC Ltd purchased a new stake in Midland States Bancorp in the third quarter worth about $31,000. R Squared Ltd purchased a new stake in Midland States Bancorp during the fourth quarter worth $39,000. Point72 Asset Management L.P. bought a new stake in Midland States Bancorp during the third quarter valued at about $45,000. Quantbot Technologies LP lifted its position in Midland States Bancorp by 25.8% during the third quarter. Quantbot Technologies LP now owns 2,475 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 507 shares during the last quarter. Finally, Ieq Capital LLC acquired a new stake in shares of Midland States Bancorp in the 4th quarter worth $210,000. Hedge funds and other institutional investors own 60.93% of the company’s stock.

Midland States Bancorp Trading Up 0.3 %

Shares of NASDAQ:MSBI opened at $17.26 on Thursday. The business has a 50 day moving average of $18.97 and a two-hundred day moving average of $22.60. Midland States Bancorp, Inc. has a 12-month low of $16.57 and a 12-month high of $28.08. The company has a market capitalization of $369.38 million, a PE ratio of -16.44 and a beta of 0.58. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.79.

Midland States Bancorp (NASDAQ:MSBI) last issued its quarterly earnings data on Thursday, January 23rd. The financial services provider reported ($2.52) EPS for the quarter, missing the consensus estimate of $0.67 by ($3.19). Midland States Bancorp had a negative net margin of 2.74% and a negative return on equity of 1.95%. As a group, analysts forecast that Midland States Bancorp, Inc. will post 2.53 EPS for the current year.

Midland States Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 14th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 7.18%. The ex-dividend date was Friday, February 14th. Midland States Bancorp’s payout ratio is presently -118.10%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MSBI. DA Davidson dropped their target price on shares of Midland States Bancorp from $27.00 to $21.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 28th. Piper Sandler dropped their price objective on shares of Midland States Bancorp from $28.50 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, January 28th. Keefe, Bruyette & Woods dropped their price target on Midland States Bancorp from $28.00 to $23.00 and set a “market perform” rating on the stock in a research note on Monday, January 27th. Finally, StockNews.com cut Midland States Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, January 24th. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Midland States Bancorp presently has a consensus rating of “Hold” and an average target price of $23.50.

About Midland States Bancorp

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, Wealth Management, and Other segments. The company provides a range of financial products and services to consumers and businesses, including commercial loans to finance agricultural equipment and production; and commercial real estate loans for owner occupied offices, warehouses and production facilities, office buildings, hotels, mixed-use residential and commercial facilities, retail centers, multifamily properties, and assisted living facilities.