Research Analysts Issue Forecasts for MSBI Q1 Earnings

Midland States Bancorp, Inc. (NASDAQ:MSBI - Free Report) - DA Davidson issued their Q1 2025 earnings per share (EPS) estimates for shares of Midland States Bancorp in a report issued on Tuesday, January 28th. DA Davidson analyst J. Rulis expects that the financial services provider will post earnings of $0.52 per share for the quarter. DA Davidson has a "Neutral" rating and a $21.00 price target on the stock. The consensus estimate for Midland States Bancorp's current full-year earnings is $2.16 per share.

Several other equities analysts have also weighed in on the stock. Piper Sandler decreased their target price on shares of Midland States Bancorp from $28.50 to $23.00 and set a "neutral" rating on the stock in a report on Tuesday. Keefe, Bruyette & Woods cut their target price 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. Finally, StockNews.com lowered Midland States Bancorp from a "buy" rating to a "hold" rating in a research note on Friday, January 24th. Five research analysts have rated the stock with a hold rating, According to MarketBeat.com, Midland States Bancorp has a consensus rating of "Hold" and an average price target of $23.50.

Midland States Bancorp Price Performance

Shares of NASDAQ:MSBI traded up $0.39 during midday trading on Wednesday, hitting $19.67. The company had a trading volume of 159,222 shares, compared to its average volume of 129,679. Midland States Bancorp has a twelve month low of $18.75 and a twelve month high of $28.10. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.91 and a quick ratio of 0.91. The business's 50-day simple moving average is $24.84 and its 200-day simple moving average is $23.86. The stock has a market cap of $420.96 million, a price-to-earnings ratio of 8.52 and a beta of 0.76.

Midland States Bancorp (NASDAQ:MSBI - Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The financial services provider reported ($2.52) earnings per share for the quarter, missing the consensus estimate of $0.67 by ($3.19). Midland States Bancorp had a return on equity of 8.90% and a net margin of 12.13%.

Institutional Investors Weigh In On Midland States Bancorp

Several institutional investors have recently modified their holdings of MSBI. Jacobs Levy Equity Management Inc. lifted its position in Midland States Bancorp by 31.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 89,187 shares of the financial services provider's stock valued at $1,996,000 after acquiring an additional 21,416 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Midland States Bancorp by 51.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 29,370 shares of the financial services provider's stock valued at $657,000 after buying an additional 9,953 shares during the last quarter. JPMorgan Chase & Co. raised its position in Midland States Bancorp by 52.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 110,306 shares of the financial services provider's stock worth $2,469,000 after buying an additional 37,889 shares during the last quarter. Barclays PLC lifted its position in Midland States Bancorp by 55.2% in the third quarter. Barclays PLC now owns 65,384 shares of the financial services provider's stock valued at $1,463,000 after purchasing an additional 23,242 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Midland States Bancorp by 0.5% in the third quarter. Geode Capital Management LLC now owns 511,936 shares of the financial services provider's stock valued at $11,460,000 after buying an additional 2,294 shares in the last quarter. 60.93% of the stock is owned by hedge funds and other institutional investors.

Midland States Bancorp Announces Dividend

The business 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 6.30%. The ex-dividend date of this dividend was Monday, November 18th. Midland States Bancorp's dividend payout ratio is presently -118.10%.

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.