FY2025 EPS Estimates for Midland States Bancorp, Inc. (NASDAQ:MSBI) Increased by DA Davidson

Midland States Bancorp, Inc. (NASDAQ:MSBI - Free Report) - Equities research analysts at DA Davidson upped their FY2025 earnings per share estimates for shares of Midland States Bancorp in a research report issued to clients and investors on Thursday, October 3rd. DA Davidson analyst J. Rulis now anticipates that the financial services provider will post earnings of $2.90 per share for the year, up from their previous forecast of $2.85. The consensus estimate for Midland States Bancorp's current full-year earnings is $1.99 per share.

Midland States Bancorp (NASDAQ:MSBI - Get Free Report) last released its earnings results on Thursday, July 25th. The financial services provider reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.52). The firm had revenue of $120.95 million during the quarter, compared to analyst estimates of $74.90 million. Midland States Bancorp had a net margin of 12.10% and a return on equity of 9.24%. During the same period in the prior year, the firm earned $0.87 earnings per share.

Several other brokerages have also recently issued reports on MSBI. Piper Sandler lifted their price objective on Midland States Bancorp from $24.50 to $27.00 and gave the company a "neutral" rating in a research note on Tuesday, July 30th. Keefe, Bruyette & Woods decreased their target price on Midland States Bancorp from $26.00 to $24.00 and set a "market perform" rating for the company in a research note on Monday, July 29th.

Midland States Bancorp Stock Up 0.7 %

Shares of MSBI traded up $0.15 during midday trading on Monday, hitting $21.85. The company had a trading volume of 46,548 shares, compared to its average volume of 79,488. The company's 50-day simple moving average is $22.12 and its 200-day simple moving average is $22.90. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market capitalization of $469.38 million, a P/E ratio of 7.38 and a beta of 0.75. Midland States Bancorp has a 1 year low of $19.96 and a 1 year high of $28.47.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Acadian Asset Management LLC acquired a new position in shares of Midland States Bancorp in the first quarter valued at approximately $1,106,000. Janney Montgomery Scott LLC acquired a new position in Midland States Bancorp during the first quarter worth $581,000. Midland Wealth Advisors LLC acquired a new position in Midland States Bancorp during the fourth quarter worth $1,573,000. American Century Companies Inc. grew its holdings in Midland States Bancorp by 16.0% during the second quarter. American Century Companies Inc. now owns 402,092 shares of the financial services provider's stock worth $9,107,000 after acquiring an additional 55,555 shares during the period. Finally, Wellington Management Group LLP grew its holdings in Midland States Bancorp by 5.7% during the fourth quarter. Wellington Management Group LLP now owns 132,424 shares of the financial services provider's stock worth $3,650,000 after acquiring an additional 7,103 shares during the period. Institutional investors and hedge funds own 60.93% of the company's stock.

Midland States Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 16th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 5.68%. The ex-dividend date was Friday, August 16th. Midland States Bancorp's dividend payout ratio is currently 42.18%.

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.