DA Davidson Cuts Midland States Bancorp (NASDAQ:MSBI) Price Target to $21.00

Midland States Bancorp (NASDAQ:MSBI) had its target price cut by DA Davidson from $27.00 to $21.00 in a research note published on Tuesday morning,Benzinga reports. They currently have a neutral rating on the financial services provider’s stock. DA Davidson also issued estimates for Midland States Bancorp’s Q1 2025 earnings at $0.52 EPS and FY2025 earnings at $2.25 EPS.

Several other analysts have also recently weighed in on MSBI. StockNews.com cut shares of Midland States Bancorp from a “buy” rating to a “hold” rating in a report on Friday, January 24th. Keefe, Bruyette & Woods decreased their price objective on shares of Midland States Bancorp from $28.00 to $23.00 and set a “market perform” rating for the company in a research report on Monday. Finally, Piper Sandler dropped their target price on Midland States Bancorp from $28.50 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, Midland States Bancorp has an average rating of “Hold” and a consensus target price of $23.50.

Midland States Bancorp Stock Performance

NASDAQ MSBI opened at $19.81 on Tuesday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market cap of $423.93 million, a P/E ratio of 8.58 and a beta of 0.76. The stock has a 50-day moving average of $24.70 and a two-hundred day moving average of $23.83. Midland States Bancorp has a 1-year low of $18.75 and a 1-year high of $28.08.

Midland States Bancorp (NASDAQ:MSBI) last announced its quarterly earnings data on Thursday, January 23rd. The financial services provider reported ($2.52) earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($3.19). Midland States Bancorp had a net margin of 12.13% and a return on equity of 8.90%. As a group, analysts anticipate that Midland States Bancorp will post 2.16 EPS for the current year.

Midland States Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were given a $0.31 dividend. The ex-dividend date was Monday, November 18th. This represents a $1.24 dividend on an annualized basis and a yield of 6.26%. Midland States Bancorp’s dividend payout ratio (DPR) is presently 53.68%.

Institutional Trading of Midland States Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in MSBI. Jacobs Levy Equity Management Inc. grew its stake in Midland States Bancorp by 31.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 89,187 shares of the financial services provider’s stock worth $1,996,000 after buying an additional 21,416 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Midland States Bancorp by 51.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 29,370 shares of the financial services provider’s stock valued at $657,000 after acquiring an additional 9,953 shares during the period. JPMorgan Chase & Co. raised its position in Midland States Bancorp by 52.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 110,306 shares of the financial services provider’s stock valued at $2,469,000 after purchasing an additional 37,889 shares during the last quarter. Barclays PLC boosted its stake in Midland States Bancorp by 55.2% during the 3rd quarter. Barclays PLC now owns 65,384 shares of the financial services provider’s stock worth $1,463,000 after purchasing an additional 23,242 shares during the period. Finally, Geode Capital Management LLC grew its position in Midland States Bancorp by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 511,936 shares of the financial services provider’s stock worth $11,460,000 after purchasing an additional 2,294 shares during the last quarter. Institutional investors and hedge funds own 60.93% of the company’s stock.

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.