DA Davidson Has Lowered Expectations for Midland States Bancorp (NASDAQ:MSBI) Stock Price

Midland States Bancorp (NASDAQ:MSBI - Free Report) had its target price decreased by DA Davidson from $27.00 to $21.00 in a research note released on Tuesday,Benzinga reports. DA Davidson currently has a neutral rating on the financial services provider's stock. DA Davidson also issued estimates for Midland States Bancorp's Q1 2025 earnings at $0.52 EPS and FY2025 earnings at $2.25 EPS.

MSBI has been the subject of several other research reports. Keefe, Bruyette & Woods cut their price target on shares of Midland States Bancorp from $28.00 to $23.00 and set a "market perform" rating for the company in a report on Monday. StockNews.com cut shares of Midland States Bancorp from a "buy" rating to a "hold" rating in a research note on Friday, January 24th. Finally, Piper Sandler cut their price objective on shares of Midland States Bancorp from $28.50 to $23.00 and set a "neutral" rating for the company in a research report on Tuesday. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $23.50.

Midland States Bancorp Trading Down 2.5 %

MSBI stock traded down $0.50 during trading on Tuesday, hitting $19.31. The company had a trading volume of 92,210 shares, compared to its average volume of 124,701. The firm has a market capitalization of $413.23 million, a P/E ratio of -18.39 and a beta of 0.76. The company has a 50 day simple moving average of $24.70 and a 200-day simple moving average of $23.83. Midland States Bancorp has a 52-week low of $18.75 and a 52-week high of $28.08. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.79.

Midland States Bancorp (NASDAQ:MSBI - Get Free Report) last posted its earnings results on Thursday, January 23rd. The financial services provider reported ($2.52) EPS for the quarter, missing analysts' consensus estimates of $0.67 by ($3.19). Midland States Bancorp had a negative net margin of 2.74% and a negative return on equity of 1.95%. As a group, research analysts forecast that Midland States Bancorp will post 2.5 earnings per share for the current fiscal year.

Midland States Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.24 annualized dividend and a dividend yield of 6.42%. Midland States Bancorp's dividend payout ratio is currently -118.10%.

Institutional Investors Weigh In On Midland States Bancorp

Institutional investors have recently bought and sold shares of the stock. Thrivent Financial for Lutherans boosted its holdings in Midland States Bancorp by 6.1% in the second quarter. Thrivent Financial for Lutherans now owns 68,640 shares of the financial services provider's stock valued at $1,554,000 after purchasing an additional 3,976 shares during the last quarter. Bank of Montreal Can acquired a new position in Midland States Bancorp during the 2nd quarter valued at about $1,350,000. Squarepoint Ops LLC acquired a new position in Midland States Bancorp during the 2nd quarter worth $248,000. SG Americas Securities LLC lifted its position in Midland States Bancorp by 47.5% in the third quarter. SG Americas Securities LLC now owns 14,214 shares of the financial services provider's stock worth $318,000 after purchasing an additional 4,576 shares during the period. Finally, Wedge Capital Management L L P NC boosted its position in shares of Midland States Bancorp by 8.8% during the 3rd quarter. Wedge Capital Management L L P NC now owns 28,461 shares of the financial services provider's stock valued at $637,000 after purchasing an additional 2,295 shares in the last quarter. 60.93% of the stock is currently owned by hedge funds and other institutional investors.

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.