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

Midland States Bancorp, Inc. (NASDAQ:MSBI) – Equities research analysts at DA Davidson lowered their FY2025 earnings estimates for Midland States Bancorp in a report issued on Thursday, December 19th. DA Davidson analyst J. Rulis now expects that the financial services provider will post earnings per share of $2.68 for the year, down from their previous estimate of $2.70. The consensus estimate for Midland States Bancorp’s current full-year earnings is $2.16 per share.

Midland States Bancorp (NASDAQ:MSBI) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.11. Midland States Bancorp had a return on equity of 8.90% and a net margin of 12.13%. The firm had revenue of $124.17 million during the quarter, compared to analysts’ expectations of $72.90 million. During the same period last year, the firm posted $0.78 EPS.

Other equities research analysts have also issued research reports about the stock. Piper Sandler increased their price objective 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. Keefe, Bruyette & Woods increased their price target on shares of 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. Finally, StockNews.com cut shares of Midland States Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, November 22nd.

Midland States Bancorp Price Performance

Shares of MSBI stock opened at $24.60 on Friday. The stock’s fifty day moving average is $25.70 and its 200-day moving average is $23.60. 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 has a 52 week low of $20.54 and a 52 week high of $28.47. The stock has a market capitalization of $526.46 million, a PE ratio of 10.65 and a beta of 0.75.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of MSBI. Hotchkis & Wiley Capital Management LLC bought a new position in shares of Midland States Bancorp during the 3rd quarter valued at about $5,764,000. Bank of Montreal Can bought a new position in Midland States Bancorp in the second quarter valued at approximately $1,350,000. American Century Companies Inc. boosted its holdings in shares of Midland States Bancorp by 16.0% in the second quarter. American Century Companies Inc. now owns 402,092 shares of the financial services provider’s stock valued at $9,107,000 after buying an additional 55,555 shares during the period. Acadian Asset Management LLC increased its position in shares of Midland States Bancorp by 69.6% during the second quarter. Acadian Asset Management LLC now owns 74,722 shares of the financial services provider’s stock worth $1,691,000 after acquiring an additional 30,677 shares in the last quarter. Finally, Barclays PLC raised its holdings in shares of Midland States Bancorp by 55.2% during the third quarter. Barclays PLC now owns 65,384 shares of the financial services provider’s stock worth $1,463,000 after acquiring an additional 23,242 shares during the period. Institutional investors and hedge funds own 60.93% of the company’s stock.

Insider Activity

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

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 given a dividend of $0.31 per share. The ex-dividend date was Monday, November 18th. This represents a $1.24 dividend on an annualized basis and a yield of 5.04%. Midland States Bancorp’s payout ratio is presently 53.68%.

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.