What is DA Davidson’s Estimate for MSBI FY2025 Earnings?

Midland States Bancorp, Inc. (NASDAQ:MSBI) – Equities researchers at DA Davidson decreased their FY2025 earnings per share (EPS) estimates for Midland States Bancorp in a research note issued to investors on Thursday, December 19th. DA Davidson analyst J. Rulis now forecasts that the financial services provider will earn $2.68 per share for the year, down from their previous forecast of $2.70. The consensus estimate for Midland States Bancorp’s current full-year earnings is $2.16 per share.

Midland States Bancorp (NASDAQ:MSBI) last released its quarterly earnings data 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. Midland States Bancorp had a return on equity of 8.90% and a net margin of 12.13%. The business had revenue of $124.17 million for the quarter, compared to the consensus estimate of $72.90 million. During the same quarter in the prior year, the business posted $0.78 EPS.

Several other analysts also recently weighed in on the stock. Piper Sandler boosted their price objective on shares of Midland States Bancorp from $26.00 to $27.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. StockNews.com cut shares of Midland States Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, November 22nd. Finally, Keefe, Bruyette & Woods raised their price objective on Midland States Bancorp from $24.00 to $28.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th.

Midland States Bancorp Stock Performance

Shares of MSBI opened at $24.60 on Friday. The company has a market capitalization of $526.46 million, a price-to-earnings ratio of 10.65 and a beta of 0.75. Midland States Bancorp has a 52-week low of $20.54 and a 52-week high of $28.47. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.79. The stock has a 50 day moving average price of $25.70 and a 200 day moving average price of $23.59.

Midland States Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Stockholders of record on Monday, November 18th were issued a $0.31 dividend. The ex-dividend date was Monday, November 18th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 5.04%. Midland States Bancorp’s payout ratio is 53.68%.

Insider Activity at Midland States Bancorp

In related news, CEO Jeffrey G. Ludwig sold 12,753 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $24.52, for a total transaction of $312,703.56. Following the transaction, the chief executive officer now owns 343,935 shares of the company’s stock, valued at $8,433,286.20. This trade represents a 3.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 5.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Point72 DIFC Ltd purchased a new stake in shares of Midland States Bancorp during the third quarter worth approximately $31,000. Point72 Asset Management L.P. purchased a new position in Midland States Bancorp during the 3rd quarter worth $45,000. Quantbot Technologies LP raised its position in Midland States Bancorp by 25.8% during the 3rd quarter. Quantbot Technologies LP now owns 2,475 shares of the financial services provider’s stock worth $55,000 after buying an additional 507 shares during the last quarter. US Bancorp DE lifted its stake in shares of Midland States Bancorp by 141.6% in the 3rd quarter. US Bancorp DE now owns 3,803 shares of the financial services provider’s stock worth $85,000 after acquiring an additional 2,229 shares during the period. Finally, Quest Partners LLC purchased a new stake in shares of Midland States Bancorp in the third quarter valued at about $148,000. 60.93% of the stock is currently owned by hedge funds and other institutional investors.

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.