Midland States Bancorp (NASDAQ:MSBI) Releases Earnings Results, Beats Estimates By $0.19 EPS

Midland States Bancorp (NASDAQ:MSBI) posted its quarterly earnings data on Thursday. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.19, FiscalAI reports. The business had revenue of $81.10 million during the quarter, compared to the consensus estimate of $75.59 million. Midland States Bancorp had a return on equity of 10.47% and a net margin of 6.62%.

Midland States Bancorp Stock Up 4.8%

MSBI stock traded up $1.13 during mid-day trading on Friday, reaching $24.52. The company had a trading volume of 37,661 shares, compared to its average volume of 150,682. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.80 and a quick ratio of 0.80. The stock has a 50 day simple moving average of $22.51 and a two-hundred day simple moving average of $20.47. The company has a market capitalization of $526.42 million, a price-to-earnings ratio of 24.22 and a beta of 0.57. Midland States Bancorp has a 52 week low of $14.24 and a 52 week high of $25.00.

Midland States Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Friday, February 13th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date was Friday, February 13th. Midland States Bancorp’s dividend payout ratio (DPR) is currently 126.73%.

Insiders Place Their Bets

In other Midland States Bancorp news, COO Kyle Owen Mooney sold 2,808 shares of the firm’s stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $22.67, for a total value of $63,657.36. Following the completion of the transaction, the chief operating officer directly owned 14,207 shares in the company, valued at $322,072.69. This trade represents a 16.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 8.57% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Amundi boosted its stake in shares of Midland States Bancorp by 39.4% during the 1st quarter. Amundi now owns 2,194 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 620 shares during the period. CANADA LIFE ASSURANCE Co boosted its stake in shares of Midland States Bancorp by 33.1% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 2,022 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 503 shares during the period. CIBC Private Wealth Group LLC bought a new position in shares of Midland States Bancorp during the 3rd quarter worth approximately $46,000. Quadrant Capital Group LLC boosted its stake in shares of Midland States Bancorp by 302.7% during the 4th quarter. Quadrant Capital Group LLC now owns 4,599 shares of the financial services provider’s stock worth $97,000 after acquiring an additional 3,457 shares during the period. Finally, Quantbot Technologies LP boosted its stake in shares of Midland States Bancorp by 32.0% during the 2nd quarter. Quantbot Technologies LP now owns 7,372 shares of the financial services provider’s stock worth $128,000 after acquiring an additional 1,787 shares during the period. 60.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MSBI. UBS Group set a $25.50 price objective on Midland States Bancorp in a report on Monday, January 26th. Piper Sandler increased their price objective on Midland States Bancorp from $23.00 to $25.50 and gave the stock a “neutral” rating in a report on Monday, January 26th. Zacks Research downgraded Midland States Bancorp from a “strong-buy” rating to a “hold” rating in a report on Friday, February 20th. DA Davidson increased their price objective on Midland States Bancorp from $23.00 to $24.00 and gave the stock a “neutral” rating in a report on Monday, January 26th. Finally, Wall Street Zen upgraded Midland States Bancorp from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. Five research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $23.00.

About Midland States Bancorp

Midland States Bancorp, Inc is a bank holding company headquartered in Effingham, Illinois, that oversees Midland States Bank, a community-focused financial institution. Through its subsidiary, the company provides a full range of commercial and retail banking services designed to meet the needs of individuals, small and mid-sized businesses, and nonprofit organizations. Its branch network spans key markets in Illinois, Missouri and Florida, where it emphasizes relationship-driven banking and local decision-making.

The company’s offerings include traditional deposit accounts, business and commercial lending, treasury and cash management services, mortgage financing and home equity products.