Midland States Bancorp (MSBI) to Release Quarterly Earnings on Thursday

Midland States Bancorp (NASDAQ:MSBI) is projected to issue its quarterly earnings data after the market closes on Thursday, January 23rd. Analysts expect the company to announce earnings of $0.67 per share and revenue of $73,571.80 billion for the quarter.

Midland States Bancorp (NASDAQ:MSBI) last posted its earnings results on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, topping the consensus estimate of $0.63 by $0.11. The firm had revenue of $124.17 million for the quarter, compared to analysts’ expectations of $72.90 million. Midland States Bancorp had a net margin of 12.13% and a return on equity of 8.90%. During the same quarter last year, the firm earned $0.78 EPS. On average, analysts expect Midland States Bancorp to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Midland States Bancorp Stock Performance

MSBI stock opened at $24.90 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.79. The firm has a market cap of $532.88 million, a PE ratio of 10.78 and a beta of 0.76. The business has a 50 day moving average of $25.51 and a 200-day moving average of $23.90. Midland States Bancorp has a 12-month low of $20.54 and a 12-month high of $28.10.

Midland States Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Monday, November 18th were given a $0.31 dividend. The ex-dividend date was Monday, November 18th. This represents a $1.24 annualized dividend and a yield of 4.98%. Midland States Bancorp’s dividend payout ratio is currently 53.68%.

Insider Activity

In related news, CEO Jeffrey G. Ludwig sold 12,753 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $24.52, for a total transaction of $312,703.56. Following the sale, the chief executive officer now directly owns 343,935 shares in the company, valued at approximately $8,433,286.20. This represents a 3.58 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 5.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Keefe, Bruyette & Woods lifted their target price on Midland States Bancorp from $24.00 to $28.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. StockNews.com raised shares of Midland States Bancorp from a “hold” rating to a “buy” rating in a research report on Monday, January 13th. Finally, Piper Sandler boosted their target price on shares of Midland States Bancorp from $26.00 to $27.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th.

Midland States Bancorp Company Profile

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.