What is DA Davidson’s Estimate for MSBI FY2025 Earnings?

Midland States Bancorp, Inc. (NASDAQ:MSBI) – Investment analysts at DA Davidson cut their FY2025 earnings per share estimates for shares of Midland States Bancorp in a research note issued on Tuesday, January 28th. DA Davidson analyst J. Rulis now expects that the financial services provider will earn $2.25 per share for the year, down from their prior estimate of $2.68. DA Davidson currently has a “Neutral” rating and a $21.00 target price on the stock. The consensus estimate for Midland States Bancorp’s current full-year earnings is $2.16 per share.

Midland States Bancorp (NASDAQ:MSBI) last posted its quarterly earnings data on Thursday, January 23rd. The financial services provider reported ($2.52) earnings per share for the quarter, missing the consensus estimate of $0.67 by ($3.19). Midland States Bancorp had a return on equity of 8.90% and a net margin of 12.13%.

A number of other research firms have also recently commented on MSBI. Piper Sandler lowered their price target on Midland States Bancorp from $28.50 to $23.00 and set a “neutral” rating for the company in a report on Tuesday. StockNews.com cut shares of Midland States Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, January 24th. Finally, Keefe, Bruyette & Woods dropped their price target on Midland States Bancorp from $28.00 to $23.00 and set a “market perform” rating for the company in a research note on Monday. Five analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $23.50.

Midland States Bancorp Stock Performance

Shares of Midland States Bancorp stock opened at $19.81 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.79. The company has a market cap of $423.93 million, a PE ratio of 8.58 and a beta of 0.76. The company has a 50 day moving average of $24.70 and a 200-day moving average of $23.83. Midland States Bancorp has a 1-year low of $18.75 and a 1-year high of $28.08.

Midland States Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Monday, November 18th were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 6.26%. Midland States Bancorp’s dividend payout ratio (DPR) is presently 53.68%.

Institutional Trading of Midland States Bancorp

Several institutional investors have recently modified their holdings of the business. Point72 DIFC Ltd acquired a new position in Midland States Bancorp during the 3rd quarter worth about $31,000. R Squared Ltd bought a new position in shares of Midland States Bancorp during the fourth quarter worth about $39,000. Point72 Asset Management L.P. bought a new position in shares of Midland States Bancorp during the third quarter worth about $45,000. Quantbot Technologies LP boosted its holdings in Midland States Bancorp by 25.8% in the third quarter. Quantbot Technologies LP now owns 2,475 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 507 shares during the last quarter. Finally, US Bancorp DE boosted its holdings in Midland States Bancorp by 141.6% in the third quarter. US Bancorp DE now owns 3,803 shares of the financial services provider’s stock valued at $85,000 after acquiring an additional 2,229 shares during the last quarter. Institutional investors 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.