Midland States Bancorp Inc (NASDAQ:MSBI) Expected to Post Earnings of $0.59 Per Share

Wall Street analysts expect Midland States Bancorp Inc (NASDAQ:MSBI) to report earnings per share (EPS) of $0.59 for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Midland States Bancorp’s earnings. Midland States Bancorp reported earnings of $0.67 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 11.9%. The firm is expected to report its next earnings results after the market closes on Thursday, January 23rd.

On average, analysts expect that Midland States Bancorp will report full year earnings of $2.49 per share for the current financial year, with EPS estimates ranging from $2.34 to $2.63. For the next fiscal year, analysts forecast that the company will post earnings of $2.78 per share, with EPS estimates ranging from $2.74 to $2.82. Zacks’ earnings per share calculations are an average based on a survey of research firms that cover Midland States Bancorp.

Midland States Bancorp (NASDAQ:MSBI) last released its quarterly earnings results on Friday, October 25th. The financial services provider reported $0.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.64 by ($0.13). The business had revenue of $69.06 million during the quarter. Midland States Bancorp had a return on equity of 10.01% and a net margin of 18.30%.

A number of brokerages have issued reports on MSBI. BidaskClub lowered Midland States Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday. DA Davidson restated a “buy” rating on shares of Midland States Bancorp in a research note on Monday, November 18th. Zacks Investment Research raised shares of Midland States Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th. Finally, ValuEngine cut Midland States Bancorp from a “sell” rating to a “strong sell” rating in a research report on Wednesday, December 4th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $27.00.

NASDAQ MSBI traded up $0.28 during mid-day trading on Thursday, reaching $28.87. 792 shares of the company’s stock traded hands, compared to its average volume of 51,676. The company has a current ratio of 1.05, a quick ratio of 1.04 and a debt-to-equity ratio of 1.25. Midland States Bancorp has a 1-year low of $22.61 and a 1-year high of $29.50. The company has a fifty day simple moving average of $28.64 and a 200-day simple moving average of $27.02. The company has a market cap of $697.76 million, a price-to-earnings ratio of 14.10 and a beta of 1.37.

In related news, Director Leon J. Holschbach sold 9,500 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $28.65, for a total value of $272,175.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Douglas J. Tucker sold 40,000 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $28.00, for a total transaction of $1,120,000.00. Following the sale, the senior vice president now directly owns 73,577 shares of the company’s stock, valued at $2,060,156. The disclosure for this sale can be found here. Insiders sold a total of 119,622 shares of company stock worth $3,341,842 in the last three months. Company insiders own 12.70% of the company’s stock.

Large investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC grew its holdings in shares of Midland States Bancorp by 63.1% during the second quarter. Tower Research Capital LLC TRC now owns 1,036 shares of the financial services provider’s stock valued at $28,000 after buying an additional 401 shares during the last quarter. Bank of Montreal Can grew its stake in shares of Midland States Bancorp by 687.3% in the 2nd quarter. Bank of Montreal Can now owns 2,102 shares of the financial services provider’s stock worth $56,000 after buying an additional 1,835 shares in the last quarter. Susquehanna International Group LLP purchased a new position in shares of Midland States Bancorp in the 2nd quarter worth $211,000. UBS Asset Management Americas Inc. bought a new stake in shares of Midland States Bancorp in the 2nd quarter worth about $216,000. Finally, California Public Employees Retirement System bought a new stake in shares of Midland States Bancorp in the 3rd quarter worth about $281,000. Hedge funds and other institutional investors own 48.76% 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, Commercial FHA Origination and Servicing, Wealth Management, and Other segments.

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