DA Davidson Has Pessimistic Outlook of MSBI FY2025 Earnings

Midland States Bancorp, Inc. (NASDAQ:MSBI) – Equities research analysts at DA Davidson dropped their FY2025 earnings estimates for Midland States Bancorp in a research report issued on Thursday, December 19th. DA Davidson analyst J. Rulis now anticipates that the financial services provider will post earnings per share of $2.68 for the year, down from their previous estimate of $2.70. The consensus estimate for Midland States Bancorp’s current full-year earnings is $2.16 per share.

MSBI has been the subject of a number of other reports. StockNews.com cut Midland States Bancorp from a “buy” rating to a “hold” rating in a report on Friday, November 22nd. Keefe, Bruyette & Woods increased their target price on shares of 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. Finally, Piper Sandler boosted their price target 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 Price Performance

MSBI stock opened at $24.60 on Friday. Midland States Bancorp has a 52-week low of $20.54 and a 52-week high of $28.47. 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 stock has a market cap of $526.46 million, a price-to-earnings ratio of 10.65 and a beta of 0.75. The business has a fifty day moving average of $25.70 and a two-hundred day moving average of $23.59.

Midland States Bancorp (NASDAQ:MSBI) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.11. Midland States Bancorp had a net margin of 12.13% and a return on equity of 8.90%. The business had revenue of $124.17 million during the quarter, compared to the consensus estimate of $72.90 million. During the same quarter last year, the firm earned $0.78 EPS.

Midland States Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were issued a $0.31 dividend. The ex-dividend date was Monday, November 18th. This represents a $1.24 annualized dividend and a dividend yield of 5.04%. Midland States Bancorp’s dividend payout ratio is presently 53.68%.

Insider Buying and Selling

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 of the company’s stock, valued at $8,433,286.20. This represents a 3.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Midland States Bancorp

Several institutional investors have recently modified their holdings of the business. State Street Corp raised its stake in shares of Midland States Bancorp by 2.5% in the third quarter. State Street Corp now owns 587,947 shares of the financial services provider’s stock valued at $13,158,000 after acquiring an additional 14,157 shares in the last quarter. Geode Capital Management LLC raised its position in Midland States Bancorp by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 511,936 shares of the financial services provider’s stock valued at $11,460,000 after purchasing an additional 2,294 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Midland States Bancorp by 16.0% in the 2nd quarter. American Century Companies Inc. now owns 402,092 shares of the financial services provider’s stock valued at $9,107,000 after buying an additional 55,555 shares during the period. Hotchkis & Wiley Capital Management LLC purchased a new position in shares of Midland States Bancorp in the 3rd quarter valued at about $5,764,000. Finally, Bank of New York Mellon Corp grew its position in shares of Midland States Bancorp by 6.7% during the second quarter. Bank of New York Mellon Corp now owns 165,615 shares of the financial services provider’s stock worth $3,751,000 after buying an additional 10,354 shares in the last quarter. Institutional investors and hedge funds own 60.93% of the company’s stock.

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.