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

Midland States Bancorp, Inc. (NASDAQ:MSBI - Free Report) - Equities researchers at DA Davidson cut their FY2025 earnings per share (EPS) estimates for shares of Midland States Bancorp in a report issued on Thursday, December 19th. DA Davidson analyst J. Rulis now expects that the financial services provider will earn $2.68 per share for the year, down from their prior forecast of $2.70. The consensus estimate for Midland States Bancorp's current full-year earnings is $2.16 per share.

MSBI has been the subject of several other reports. Keefe, Bruyette & Woods boosted their price objective on Midland States Bancorp from $24.00 to $28.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. Piper Sandler boosted their price target on Midland States Bancorp from $26.00 to $27.00 and gave the company a "neutral" rating in a report on Tuesday, October 29th. Finally, StockNews.com cut Midland States Bancorp from a "buy" rating to a "hold" rating in a research note on Friday, November 22nd.

Midland States Bancorp Stock Up 0.8 %

Shares of Midland States Bancorp stock traded up $0.20 during trading on Friday, reaching $24.60. The company had a trading volume of 228,102 shares, compared to its average volume of 79,984. 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 fifty-two week low of $20.54 and a fifty-two week high of $28.47. The firm's fifty day moving average is $25.70 and its 200-day moving average is $23.59. The company has a market cap of $526.46 million, a price-to-earnings ratio of 10.65 and a beta of 0.75.

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

Midland States Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Monday, November 18th were paid a $0.31 dividend. The ex-dividend date of this dividend 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 currently 53.68%.

Insider Activity

In other news, CEO Jeffrey G. Ludwig sold 12,753 shares of the business'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 transaction, the chief executive officer now owns 343,935 shares of the company's stock, valued at approximately $8,433,286.20. The trade was a 3.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 5.60% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Point72 DIFC Ltd acquired a new stake in shares of Midland States Bancorp in the third quarter valued at approximately $31,000. Point72 Asset Management L.P. bought a new position in Midland States Bancorp in the 3rd quarter worth approximately $45,000. Quantbot Technologies LP increased its position in Midland States Bancorp by 25.8% in the 3rd quarter. Quantbot Technologies LP now owns 2,475 shares of the financial services provider's stock valued at $55,000 after acquiring an additional 507 shares during the period. US Bancorp DE raised its stake in Midland States Bancorp by 141.6% during the 3rd quarter. US Bancorp DE now owns 3,803 shares of the financial services provider's stock valued at $85,000 after acquiring an additional 2,229 shares in the last quarter. Finally, Quest Partners LLC acquired a new position in Midland States Bancorp during the 3rd quarter worth $148,000. 60.93% of the stock is owned by institutional investors and hedge funds.

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.