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

Midland States Bancorp, Inc. (NASDAQ:MSBI - Free Report) - Investment analysts at DA Davidson reduced their FY2025 earnings estimates for Midland States Bancorp in a research report issued to clients and investors on Wednesday, October 30th. DA Davidson analyst J. Rulis now forecasts that the financial services provider will earn $2.70 per share for the year, down from their previous forecast of $2.90. The consensus estimate for Midland States Bancorp's current full-year earnings is $2.14 per share.

Midland States Bancorp (NASDAQ:MSBI - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.63 by $0.11. The business had revenue of $124.17 million during the quarter, compared to analyst estimates of $72.90 million. Midland States Bancorp had a net margin of 12.13% and a return on equity of 9.00%. During the same quarter in the previous year, the business posted $0.78 EPS.

MSBI has been the topic of a number of other research reports. Piper Sandler raised their target price on Midland States Bancorp from $26.00 to $27.00 and gave the company a "neutral" rating in a report on Tuesday. Keefe, Bruyette & Woods dropped their price objective on Midland States Bancorp from $26.00 to $24.00 and set a "market perform" rating on the stock in a research note on Monday, July 29th. Finally, StockNews.com raised shares of Midland States Bancorp from a "hold" rating to a "buy" rating in a report on Tuesday.

Midland States Bancorp Stock Down 0.2 %

NASDAQ MSBI traded down $0.04 during trading hours on Friday, hitting $24.77. The company's stock had a trading volume of 53,546 shares, compared to its average volume of 79,135. The company has a market capitalization of $529.90 million, a PE ratio of 10.85 and a beta of 0.75. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.10. Midland States Bancorp has a 52 week low of $20.54 and a 52 week high of $28.47. The company's 50-day simple moving average is $22.70 and its two-hundred day simple moving average is $22.78.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in MSBI. Acadian Asset Management LLC purchased a new stake in Midland States Bancorp in the 1st quarter worth about $1,106,000. Janney Montgomery Scott LLC bought a new stake in shares of Midland States Bancorp in the first quarter valued at approximately $581,000. American Century Companies Inc. raised its position in shares of Midland States Bancorp by 16.0% in the second quarter. American Century Companies Inc. now owns 402,092 shares of the financial services provider's stock valued at $9,107,000 after purchasing an additional 55,555 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of Midland States Bancorp by 60.1% during the 1st quarter. BNP Paribas Financial Markets now owns 20,702 shares of the financial services provider's stock valued at $520,000 after buying an additional 7,770 shares in the last quarter. Finally, Bank of Montreal Can bought a new position in Midland States Bancorp in the 2nd quarter worth approximately $1,350,000. Hedge funds and other institutional investors own 60.93% of the company's stock.

Insider Buying and Selling

In other Midland States Bancorp news, CEO Jeffrey G. Ludwig sold 12,753 shares of the business's stock in a transaction dated Tuesday, October 29th. The shares were 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 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 5.60% of the stock is owned by insiders.

Midland States Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 16th were given a $0.31 dividend. The ex-dividend date was Friday, August 16th. This represents a $1.24 annualized dividend and a yield of 5.01%. Midland States Bancorp's dividend payout ratio is currently 53.68%.

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.