Public Employees Retirement System of Ohio Takes $655,000 Position in Midland States Bancorp, Inc. $MSBI

Posted by Brenda Bartman on Sep 10th, 2026

Public Employees Retirement System of Ohio purchased a new position in shares of Midland States Bancorp, Inc. (NASDAQ:MSBI – Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 21,018 shares of the financial services provider’s stock, valued at approximately $655,000. Public Employees Retirement System of Ohio owned 0.10% of Midland States Bancorp as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co boosted its holdings in Midland States Bancorp by 33.1% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 2,022 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 503 shares in the last quarter. Amundi raised its stake in shares of Midland States Bancorp by 39.4% during the 1st quarter. Amundi now owns 2,194 shares of the financial services provider’s stock worth $38,000 after buying an additional 620 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of Midland States Bancorp by 2.4% during the 4th quarter. Commonwealth Equity Services LLC now owns 41,792 shares of the financial services provider’s stock worth $885,000 after buying an additional 992 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of Midland States Bancorp by 8.1% in the 2nd quarter. First Trust Advisors LP now owns 14,385 shares of the financial services provider’s stock valued at $249,000 after buying an additional 1,084 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Midland States Bancorp by 12.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 12,334 shares of the financial services provider’s stock valued at $262,000 after buying an additional 1,403 shares during the period. 60.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of Midland States Bancorp in a research note on Friday, July 31st. Wall Street Zen downgraded Midland States Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. DA Davidson increased their price target on shares of Midland States Bancorp from $30.00 to $33.00 and gave the company a “neutral” rating in a report on Monday, July 27th. Piper Sandler boosted their price objective on shares of Midland States Bancorp from $32.00 to $35.00 and gave the stock a “neutral” rating in a report on Tuesday, July 28th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Midland States Bancorp from $28.00 to $31.00 and gave the company a “market perform” rating in a report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $31.12.

Check Out Our Latest Stock Analysis on Midland States Bancorp

Insider Buying and Selling

In other news, CEO Jeffrey G. Ludwig sold 8,383 shares of the business’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $34.00, for a total value of $285,022.00. Following the completion of the transaction, the chief executive officer directly owned 400,971 shares of the company’s stock, valued at $13,633,014. The trade was a 2.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Kyle Mooney sold 2,400 shares of the business’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $33.33, for a total value of $79,992.00. Following the completion of the transaction, the chief operating officer directly owned 13,610 shares of the company’s stock, valued at approximately $453,621.30. This trade represents a 14.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 12,470 shares of company stock worth $421,374. 8.57% of the stock is owned by corporate insiders.

Midland States Bancorp Stock Performance

NASDAQ:MSBI opened at $32.89 on Thursday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $682.47 million, a P/E ratio of 21.08 and a beta of 0.65. The firm has a 50-day moving average price of $32.44 and a two-hundred day moving average price of $27.89. Midland States Bancorp, Inc. has a twelve month low of $14.24 and a twelve month high of $35.10.

Midland States Bancorp (NASDAQ:MSBI – Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.04. The company had revenue of $83.74 million for the quarter, compared to the consensus estimate of $80.70 million. Midland States Bancorp had a net margin of 9.40% and a return on equity of 13.32%. As a group, research analysts expect that Midland States Bancorp, Inc. will post 3.4 earnings per share for the current fiscal year.

Midland States Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 14th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Friday, August 14th. This is an increase from Midland States Bancorp’s previous quarterly dividend of $0.32. Midland States Bancorp’s dividend payout ratio is currently 84.62%.

Midland States Bancorp Profile

(Free Report)

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.