DA Davidson Has Negative Outlook of MSBI FY2025 Earnings

Midland States Bancorp, Inc. (NASDAQ:MSBI) – Research analysts at DA Davidson lowered their FY2025 earnings per share estimates for Midland States Bancorp in a note issued to investors on Wednesday, November 5th. DA Davidson analyst J. Rulis now forecasts that the financial services provider will post earnings of $1.46 per share for the year, down from their previous estimate of $1.95. The consensus estimate for Midland States Bancorp’s current full-year earnings is $2.53 per share. DA Davidson also issued estimates for Midland States Bancorp’s Q4 2025 earnings at $0.42 EPS and FY2026 earnings at $2.40 EPS.

Midland States Bancorp (NASDAQ:MSBI) last issued its quarterly earnings data on Wednesday, March 23rd. The financial services provider reported $0.54 earnings per share (EPS) for the quarter. The business had revenue of $70.61 million for the quarter. Midland States Bancorp had a negative return on equity of 1.30% and a negative net margin of 1.50%.

MSBI has been the subject of several other research reports. Wall Street Zen raised shares of Midland States Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, September 5th. Weiss Ratings reissued a “sell (d)” rating on shares of Midland States Bancorp in a report on Tuesday, October 14th. Stephens upgraded shares of Midland States Bancorp to a “hold” rating in a research report on Thursday, September 11th. Piper Sandler lowered their price objective on Midland States Bancorp from $21.00 to $18.00 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, Keefe, Bruyette & Woods dropped their price objective on Midland States Bancorp from $20.00 to $17.00 and set a “market perform” rating for the company in a research note on Monday. Four investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Midland States Bancorp currently has a consensus rating of “Reduce” and a consensus price target of $19.25.

Midland States Bancorp Trading Up 0.2%

Shares of MSBI opened at $15.97 on Friday. Midland States Bancorp has a twelve month low of $14.24 and a twelve month high of $28.08. The stock has a market cap of $344.06 million, a PE ratio of -20.74 and a beta of 0.77. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 1.02. The business’s 50-day moving average price is $17.06 and its 200-day moving average price is $17.38.

Institutional Investors Weigh In On Midland States Bancorp

Hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its position in shares of Midland States Bancorp by 100.7% during the 1st quarter. AQR Capital Management LLC now owns 391,822 shares of the financial services provider’s stock valued at $6,708,000 after purchasing an additional 196,555 shares during the last quarter. Nuveen LLC bought a new stake in Midland States Bancorp in the 1st quarter worth approximately $2,886,000. Segall Bryant & Hamill LLC purchased a new stake in Midland States Bancorp in the first quarter worth approximately $1,644,000. Los Angeles Capital Management LLC bought a new position in Midland States Bancorp during the second quarter valued at approximately $1,006,000. Finally, LPL Financial LLC grew its position in Midland States Bancorp by 60.4% during the first quarter. LPL Financial LLC now owns 117,505 shares of the financial services provider’s stock valued at $2,012,000 after acquiring an additional 44,230 shares during the last quarter. Institutional investors own 60.93% of the company’s stock.

Midland States Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Friday, November 14th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 8.0%. The ex-dividend date of this dividend is Friday, November 14th. Midland States Bancorp’s dividend payout ratio is currently -100.79%.

Midland States Bancorp announced that its Board of Directors has authorized a share buyback program on Monday, November 3rd that allows the company to repurchase $25.00 million in shares. This repurchase authorization allows the financial services provider to purchase up to 7.3% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

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.