Midland States Bancorp (NASDAQ:MSBI – Get Free Report) is scheduled to announce its earnings results after the market closes on Thursday, October 24th. Analysts expect the company to announce earnings of $0.63 per share for the quarter.
Midland States Bancorp (NASDAQ:MSBI – Get Free Report) last issued its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.52). Midland States Bancorp had a net margin of 12.10% and a return on equity of 9.24%. The company had revenue of $120.95 million during the quarter, compared to the consensus estimate of $74.90 million. During the same period in the previous year, the company earned $0.87 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 Price Performance
Midland States Bancorp stock opened at $23.54 on Thursday. The stock’s 50 day moving average is $22.10 and its 200-day moving average is $22.78. Midland States Bancorp has a 12 month low of $19.96 and a 12 month high of $28.47. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $505.69 million, a price-to-earnings ratio of 8.01 and a beta of 0.75.
Midland States Bancorp Announces Dividend
Analyst Ratings Changes
A number of research firms recently weighed in on MSBI. Keefe, Bruyette & Woods decreased their price objective on Midland States Bancorp from $26.00 to $24.00 and set a “market perform” rating for the company in a report on Monday, July 29th. Piper Sandler upped their price objective on shares of Midland States Bancorp from $24.50 to $27.00 and gave the company a “neutral” rating in a research note on Tuesday, July 30th.
Get Our Latest Stock Report on Midland States Bancorp
About Midland States Bancorp
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.
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