Equities Analysts Issue Forecasts for MSBI FY2025 Earnings

Midland States Bancorp, Inc. (NASDAQ:MSBI - Free Report) - DA Davidson reduced their FY2025 EPS estimates for Midland States Bancorp in a note issued to investors on Tuesday, January 28th. DA Davidson analyst J. Rulis now anticipates that the financial services provider will post earnings of $2.25 per share for the year, down from their previous estimate of $2.68. DA Davidson has a "Neutral" rating and a $21.00 price objective 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 - Get Free Report) last announced its earnings results on Thursday, January 23rd. The financial services provider reported ($2.52) earnings per share (EPS) for the quarter, missing the consensus estimate 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%.

Other equities research analysts also recently issued reports about the stock. StockNews.com downgraded shares of Midland States Bancorp from a "buy" rating to a "hold" rating in a research note on Friday, January 24th. 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 note on Monday, January 27th. Finally, Piper Sandler reduced their price objective on Midland States Bancorp from $28.50 to $23.00 and set a "neutral" rating for the company in a research note on Tuesday, January 28th. Five research analysts have rated the stock with a hold rating, According to MarketBeat.com, Midland States Bancorp currently has an average rating of "Hold" and an average target price of $23.50.

Midland States Bancorp Stock Performance

Shares of Midland States Bancorp stock traded down $0.49 during midday trading on Thursday, hitting $18.77. The company had a trading volume of 140,057 shares, compared to its average volume of 129,079. The company has a fifty day simple moving average of $24.37 and a 200 day simple moving average of $23.73. The stock has a market cap of $401.68 million, a price-to-earnings ratio of -17.88 and a beta of 0.74. 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 has a 12-month low of $18.55 and a 12-month high of $28.08.

Institutional Trading of Midland States Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the business. Thrivent Financial for Lutherans grew its stake in Midland States Bancorp by 6.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 68,640 shares of the financial services provider's stock valued at $1,554,000 after acquiring an additional 3,976 shares during the period. Bank of Montreal Can purchased a new position in Midland States Bancorp during the second quarter valued at $1,350,000. Squarepoint Ops LLC acquired a new stake in shares of Midland States Bancorp in the second quarter valued at about $248,000. SG Americas Securities LLC increased its stake in shares of Midland States Bancorp by 47.5% during 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 in the last quarter. Finally, Wedge Capital Management L L P NC raised 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 worth $637,000 after purchasing an additional 2,295 shares during the last quarter. 60.93% of the stock is currently owned by hedge funds and other institutional investors.

Midland States Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Monday, November 18th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 6.61%. The ex-dividend date was Monday, November 18th. Midland States Bancorp's payout ratio is currently -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.