Midland States Bancorp (MSBI) Expected to Announce Quarterly Earnings on Thursday

Midland States Bancorp (NASDAQ:MSBI) will likely be posting its quarterly earnings results after the market closes on Thursday, January 23rd. Analysts expect Midland States Bancorp to post 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 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.11. Midland States Bancorp had a return on equity of 8.90% and a net margin of 12.13%. The company 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 earnings per share. 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 Trading Up 1.2 %

MSBI stock opened at $24.32 on Thursday. Midland States Bancorp has a 52 week low of $20.54 and a 52 week high of $28.10. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.91 and a current ratio of 0.91. The company’s 50-day simple moving average is $25.65 and its 200 day simple moving average is $23.86. The company has a market capitalization of $520.47 million, a PE ratio of 10.53 and a beta of 0.76.

Midland States Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 5.10%. The ex-dividend date was Monday, November 18th. Midland States Bancorp’s dividend payout ratio is currently 53.68%.

Wall Street Analysts Forecast Growth

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

Insider Activity at Midland States Bancorp

In other news, CEO Jeffrey G. Ludwig sold 12,753 shares of the stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $24.52, for a total value of $312,703.56. Following the completion of the transaction, the chief executive officer now owns 343,935 shares of the company’s stock, valued at approximately $8,433,286.20. This represents a 3.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.60% of the stock is currently owned by insiders.

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.