Midland States Bancorp (MSBI) Set to Announce Quarterly Earnings on Thursday

Midland States Bancorp (NASDAQ:MSBI) is scheduled to be announcing its earnings results 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 earnings results on Thursday, January 25th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.10. Midland States Bancorp had a net margin of 17.19% and a return on equity of 12.82%. The business had revenue of $78.59 million for the quarter, compared to analysts’ expectations of $75.65 million. 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 Price Performance

Midland States Bancorp stock opened at $22.73 on Thursday. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.96 and a quick ratio of 0.96. Midland States Bancorp has a one year low of $17.98 and a one year high of $28.47. The firm has a market capitalization of $496.65 million, a P/E ratio of 6.95 and a beta of 0.77. The business has a fifty day moving average price of $24.26 and a 200-day moving average price of $24.24.

Midland States Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Friday, February 16th were given a dividend of $0.31 per share. This is a positive change 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 5.46%. The ex-dividend date was Thursday, February 15th. Midland States Bancorp’s payout ratio is 37.92%.

Analysts Set New Price Targets

Separately, Piper Sandler lifted their price objective 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.

Institutional Trading of Midland States Bancorp

A number of hedge funds have recently made changes to their positions in the stock. Captrust Financial Advisors raised its position in Midland States Bancorp by 98.5% during the first quarter. Captrust Financial Advisors now owns 1,574 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 781 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Midland States Bancorp by 90.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,626 shares of the financial services provider’s stock valued at $33,000 after buying an additional 772 shares in the last quarter. Quantbot Technologies LP lifted its position in Midland States Bancorp by 86.7% in the 2nd quarter. Quantbot Technologies LP now owns 1,680 shares of the financial services provider’s stock worth $40,000 after buying an additional 780 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in Midland States Bancorp by 36.5% in the first quarter. Great West Life Assurance Co. Can now owns 2,063 shares of the financial services provider’s stock worth $62,000 after buying an additional 552 shares in the last quarter. Finally, Lazard Asset Management LLC grew its position in Midland States Bancorp by 95.5% during the first quarter. Lazard Asset Management LLC now owns 2,078 shares of the financial services provider’s stock valued at $59,000 after acquiring an additional 1,015 shares during the last quarter. 60.93% of the stock is owned by 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.