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

Midland States Bancorp (NASDAQ:MSBI) is projected 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 posted its earnings results on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, beating the consensus estimate of $0.63 by $0.11. The firm had revenue of $124.17 million during the quarter, compared to the consensus estimate of $72.90 million. Midland States Bancorp had a return on equity of 8.90% and a net margin of 12.13%. During the same period last year, the company 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 Stock Performance

NASDAQ:MSBI opened at $24.32 on Thursday. The stock’s 50-day moving average is $25.65 and its 200-day moving average is $23.86. Midland States Bancorp has a 1-year low of $20.54 and a 1-year high of $28.10. 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 stock has a market cap of $520.47 million, a P/E ratio of 10.53 and a beta of 0.76.

Midland States Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Monday, November 18th were issued 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 of this dividend was Monday, November 18th. Midland States Bancorp’s payout ratio is 53.68%.

Insider Transactions at Midland States Bancorp

In related news, CEO Jeffrey G. Ludwig sold 12,753 shares of the company’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 in the company, valued at $8,433,286.20. This represents a 3.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.60% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

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.