Midland States Bancorp (MSBI) to Release Quarterly Earnings on Thursday

Midland States Bancorp (NASDAQ:MSBI) will be issuing its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.71 per share for the quarter.

Midland States Bancorp (NASDAQ:MSBI) last issued its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.10. The firm had revenue of $78.59 million during the quarter, compared to analysts’ expectations of $75.65 million. Midland States Bancorp had a return on equity of 12.82% and a net margin of 17.19%. On average, analysts expect Midland States Bancorp to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Midland States Bancorp Trading Up 0.1 %

Shares of NASDAQ MSBI opened at $23.79 on Tuesday. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market capitalization of $519.81 million, a P/E ratio of 7.28 and a beta of 0.77. Midland States Bancorp has a 1-year low of $17.98 and a 1-year high of $28.47. The business has a fifty day moving average price of $24.21 and a 200 day moving average price of $24.31.

Midland States Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 16th were paid a dividend of $0.31 per share. This is a boost from Midland States Bancorp’s previous quarterly dividend of $0.30. This represents a $1.24 dividend on an annualized basis and a dividend yield of 5.21%. The ex-dividend date of this dividend was Thursday, February 15th. Midland States Bancorp’s dividend payout ratio is 37.92%.

Wall Street Analyst Weigh In

Separately, Piper Sandler increased their price target on Midland States Bancorp from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday, January 30th.

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.