BlackRock Updates Passive Stake in Midland States Bancorp
Ticker: MSBIP · Form: SC 13G/A · Filed: Jan 23, 2024 · CIK: 1466026
| Field | Detail |
|---|---|
| Company | Midland States Bancorp, Inc. (MSBIP) |
| Form Type | SC 13G/A |
| Filed Date | Jan 23, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment, banking
TL;DR
**BlackRock's still holding Midland States Bancorp shares, no major changes.**
AI Summary
BlackRock, Inc. filed an amended Schedule 13G/A on January 23, 2024, indicating its ownership of Midland States Bancorp, Inc. common stock as of December 31, 2023. This filing, Amendment No. 6, updates BlackRock's passive investment position in Midland States Bancorp, Inc. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal shifts in confidence or strategy regarding the stock, potentially influencing other investors.
Why It Matters
This filing shows BlackRock's continued, albeit passive, interest in Midland States Bancorp, Inc., which can be a positive signal for the company's stability and long-term prospects.
Risk Assessment
Risk Level: low — This is a routine update from a passive institutional investor, indicating no immediate significant risk or change in company fundamentals.
Analyst Insight
Investors should note that BlackRock's passive stake remains, suggesting no immediate red flags or strong bullish signals from this major institutional holder. It's a routine update, not a change in investment thesis.
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person and institutional investor
- Midland States Bancorp, Inc. (company) — the subject company whose securities are being reported
- January 23, 2024 (date) — the filing date of the SC 13G/A
- December 31, 2023 (date) — the date of the event which required the filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, specifically Amendment No. 6, as stated on the cover page.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as clearly identified in item (1) of the cover page and the 'FILED BY' section.
What is the subject company of this filing?
The subject company, or 'Name of Issuer,' is Midland States Bancorp, Inc., as stated on the cover page and in the 'SUBJECT COMPANY' data.
What is the CUSIP number for the securities reported?
The CUSIP number for the Common Stock of Midland States Bancorp, Inc. is 597742105, as listed on the cover page.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified on the cover page.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 23, 2024 regarding Midland States Bancorp, Inc. (MSBIP).