Midland States Bancorp (MSBI) to Release Earnings on Thursday

Midland States Bancorp (NASDAQ:MSBI) 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) last issued its quarterly earnings data 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 company had revenue of $120.95 million for the quarter, compared to the consensus estimate 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 quarter last year, the business posted $0.87 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 Price Performance

MSBI opened at $22.94 on Tuesday. The firm’s fifty day moving average price is $22.31 and its two-hundred day moving average price is $22.76. The company has a market capitalization of $492.80 million, a price-to-earnings ratio of 7.80 and a beta of 0.75. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.95 and a quick ratio of 0.95. Midland States Bancorp has a 1 year low of $19.96 and a 1 year high of $28.47.

Midland States Bancorp Announces Dividend

The company 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. This represents a $1.24 dividend on an annualized basis and a yield of 5.41%. The ex-dividend date of this dividend was Friday, August 16th. Midland States Bancorp’s payout ratio is 42.18%.

Wall Street Analyst Weigh In

MSBI has been the topic of a number of research analyst reports. Piper Sandler boosted their target price on Midland States Bancorp from $24.50 to $27.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 30th. Keefe, Bruyette & Woods reduced their price objective 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.

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.