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

Midland States Bancorp, Inc. (NASDAQ:MSBI) – Research analysts at DA Davidson reduced their FY2025 EPS estimates for Midland States Bancorp in a research note issued to investors on Tuesday, January 28th. DA Davidson analyst J. Rulis now expects that the financial services provider will post earnings of $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 $2.50 per share.

Midland States Bancorp (NASDAQ:MSBI) last released its earnings results on Thursday, January 23rd. The financial services provider reported ($2.52) earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($3.19). Midland States Bancorp had a negative return on equity of 1.95% and a negative net margin of 2.74%.

Several other research analysts also recently commented on MSBI. Keefe, Bruyette & Woods dropped their price target on Midland States Bancorp from $28.00 to $23.00 and set a “market perform” rating on the stock in a research report on Monday, January 27th. StockNews.com lowered shares of Midland States Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, January 24th. Finally, Piper Sandler reduced their price target on shares of Midland States Bancorp from $28.50 to $23.00 and set a “neutral” rating for the company in a report on Tuesday. Five analysts have rated the stock with a hold rating, According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $23.50.

Midland States Bancorp Price Performance

NASDAQ MSBI opened at $19.26 on Thursday. The stock has a 50-day simple moving average of $24.54 and a 200 day simple moving average of $23.80. Midland States Bancorp has a twelve month low of $18.75 and a twelve month high of $28.08. The stock has a market capitalization of $412.16 million, a PE ratio of -18.34 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 company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Stockholders 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 dividend yield of 6.44%. The ex-dividend date of this dividend was Monday, November 18th. Midland States Bancorp’s dividend payout ratio is presently -118.10%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of MSBI. Quantbot Technologies LP raised its stake in shares of Midland States Bancorp by 25.8% in the 3rd quarter. Quantbot Technologies LP now owns 2,475 shares of the financial services provider’s stock valued at $55,000 after buying an additional 507 shares in the last quarter. Point72 DIFC Ltd bought a new stake in Midland States Bancorp in the third quarter valued at about $31,000. R Squared Ltd acquired a new position in Midland States Bancorp in the fourth quarter worth about $39,000. Point72 Asset Management L.P. bought a new position in Midland States Bancorp during the third quarter worth about $45,000. Finally, SG Americas Securities LLC lifted its stake in Midland States Bancorp by 14.8% during the fourth quarter. SG Americas Securities LLC now owns 16,317 shares of the financial services provider’s stock worth $398,000 after purchasing an additional 2,103 shares during the period. 60.93% of the stock is owned by institutional investors.

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.