SCHEDULE 13G/A: BlackRock Amends Stake in Midland States Bancorp, Reports 7.3% Beneficial Ownership
Beneficial Ownership Report
BlackRock, Inc. has filed an Amendment No. 7 to its Schedule 13G, disclosing a 7.3% beneficial ownership stake in Midland States Bancorp, Inc. as of January 31, 2025.
Summary
- BlackRock, Inc. filed an Amendment No. 7 to its Schedule 13G regarding its beneficial ownership in Midland States Bancorp, Inc.
- As of January 31, 2025, BlackRock, Inc. beneficially owns an aggregate of 1,579,386 shares of Midland States Bancorp, Inc. common stock.
- This ownership represents 7.3% of the total outstanding common stock of Midland States Bancorp, Inc.
- BlackRock, Inc. holds sole voting power over 1,540,916 shares and sole dispositive power over 1,579,386 shares.
- The filing identifies BlackRock, Inc. as a parent holding company or control person.
- Several BlackRock subsidiaries, including BlackRock Advisors, LLC and BlackRock Institutional Trust Company, National Association, are listed as entities that may beneficially own shares, with some individually owning 5% or greater of the outstanding shares.
Sentiment
Score: 5
Explanation: The document is a routine compliance filing (Schedule 13G Amendment) disclosing beneficial ownership, and as such, it does not convey positive or negative sentiment regarding the issuer's performance or outlook. It is purely factual.
Positives
- BlackRock, Inc., a major institutional investor, maintains a significant beneficial ownership stake of 7.3% in Midland States Bancorp, Inc., which may indicate continued institutional confidence in the company.
Negatives
- NA
Risks
- NA
Future Outlook
NA
Management Comments
- NA
Industry Context
This filing is a routine disclosure of a significant ownership stake by a large asset manager, BlackRock, in Midland States Bancorp, Inc., a financial institution. It reflects ongoing institutional investment activity within the banking and financial services sector.
Comparison to Industry Standards
- NA
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
Legal Proceedings
- NA
Related Party Transactions
- NA
Stakeholder Impact
- Increased transparency for shareholders regarding significant institutional ownership in Midland States Bancorp, Inc.
Next Steps
- NA
Key Dates
| Date | Description |
|---|---|
| 2023-04-30 | Previous Power of Attorney revoked by the new one. |
| 2025-01-21 | Date of execution of the new Power of Attorney by BlackRock, Inc. |
| 2025-01-31 | Date of event which requires filing of this statement (beneficial ownership snapshot date). |
| 2025-02-07 | Date of signing of the Schedule 13G filing by BlackRock, Inc. |
Keywords
Midland States Bancorp, BlackRock, Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, SEC Filing, Financial Services, Banking
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