Midland States Bancorp (MSBI) Scheduled to Post Quarterly Earnings on Thursday

Midland States Bancorp (NASDAQ:MSBI - Get Free Report) is scheduled to be releasing its earnings data after the market closes on Thursday, October 24th. Analysts expect Midland States Bancorp to post earnings of $0.63 per share for the quarter.

Midland States Bancorp (NASDAQ:MSBI - Get Free Report) last announced its quarterly 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). Midland States Bancorp had a net margin of 12.10% and a return on equity of 9.24%. The business had revenue of $120.95 million during the quarter, compared to analysts' expectations of $74.90 million. During the same quarter in the prior year, the firm earned $0.87 EPS. 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 Price Performance

Shares of Midland States Bancorp stock traded up $0.58 on Thursday, hitting $24.12. The company's stock had a trading volume of 79,650 shares, compared to its average volume of 79,259. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.95 and a current ratio of 0.95. Midland States Bancorp has a 1 year low of $19.96 and a 1 year high of $28.47. The firm has a fifty day moving average price of $22.15 and a 200-day moving average price of $22.79. The company has a market capitalization of $518.15 million, a price-to-earnings ratio of 8.01 and a beta of 0.75.

Midland States Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 16th were paid a $0.31 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.24 annualized dividend and a dividend yield of 5.14%. Midland States Bancorp's dividend payout ratio is presently 42.18%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MSBI. Piper Sandler lifted their price objective on Midland States Bancorp from $24.50 to $27.00 and gave the stock a "neutral" rating in a report on Tuesday, July 30th. Keefe, Bruyette & Woods lowered their price objective on Midland States Bancorp from $26.00 to $24.00 and set a "market perform" rating on the stock in a report on Monday, July 29th.

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.