Midland States Bancorp (MSBI) to Release Quarterly Earnings on Thursday

Midland States Bancorp (NASDAQ:MSBI - Get Free Report) is projected to issue its quarterly earnings data after the market closes on Thursday, January 23rd. Analysts expect the company to announce earnings of $0.67 per share and revenue of $73,571.80 billion for the quarter.

Midland States Bancorp (NASDAQ:MSBI - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $124.17 million for the quarter, compared to analysts' expectations of $72.90 million. During the same period in the prior year, the firm earned $0.78 earnings per share. On average, analysts expect Midland States Bancorp to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Midland States Bancorp Stock Down 0.3 %

Shares of NASDAQ MSBI traded down $0.08 on Thursday, reaching $24.24. 78,370 shares of the company's stock traded hands, compared to its average volume of 75,307. The business's 50 day simple moving average is $25.60 and its two-hundred day simple moving average is $23.86. Midland States Bancorp has a 12 month low of $20.54 and a 12 month high of $28.10. The company has a market cap of $518.76 million, a price-to-earnings ratio of 10.49 and a beta of 0.76. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Monday, November 18th were paid 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 5.12%. Midland States Bancorp's dividend payout ratio is currently 53.68%.

Insider Buying and Selling

In other news, CEO Jeffrey G. Ludwig sold 12,753 shares of the business's stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $24.52, for a total value of $312,703.56. Following the transaction, the chief executive officer now directly owns 343,935 shares in the company, valued at $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 Securities & Exchange Commission, which is available at this hyperlink. 5.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on MSBI shares. Piper Sandler upped their target price on shares of Midland States Bancorp from $26.00 to $27.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 29th. StockNews.com upgraded shares of Midland States Bancorp from a "hold" rating to a "buy" rating in a research note on Monday. Finally, Keefe, Bruyette & Woods upped their target price on shares of Midland States Bancorp from $24.00 to $28.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th.

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.