Midland States Bancorp (MSBI) Projected to Post Earnings on Thursday

Midland States Bancorp (NASDAQ:MSBI) is expected to announce its earnings results 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 issued 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 company had revenue of $124.17 million for the quarter, compared to analyst estimates of $72.90 million. During the same period in the prior 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 1.5 %

NASDAQ MSBI opened at $24.61 on Tuesday. Midland States Bancorp has a one year low of $20.54 and a one year high of $28.10. The firm has a 50 day simple moving average of $25.51 and a 200-day simple moving average of $23.90. The firm has a market cap of $526.65 million, a price-to-earnings ratio of 10.65 and a beta of 0.76. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.91 and a current ratio of 0.91.

Midland States Bancorp Dividend Announcement

The firm also recently declared 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 5.04%. Midland States Bancorp’s dividend payout ratio is presently 53.68%.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Piper Sandler increased their price objective on Midland States Bancorp from $26.00 to $27.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. StockNews.com upgraded Midland States Bancorp from a “hold” rating to a “buy” rating in a research note on Monday, January 13th. Finally, Keefe, Bruyette & Woods upped 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.

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.