Midland States Bancorp (MSBI) to Release Quarterly Earnings on Thursday

Midland States Bancorp (NASDAQ:MSBI) is set to issue its quarterly earnings data 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 released its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.10. The firm had revenue of $78.59 million for the quarter, compared to analyst estimates of $75.65 million. Midland States Bancorp had a net margin of 17.19% and a return on equity of 12.82%. 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

MSBI opened at $24.33 on Wednesday. The firm has a market cap of $531.61 million, a price-to-earnings ratio of 7.45 and a beta of 0.77. Midland States Bancorp has a fifty-two week low of $17.98 and a fifty-two week high of $28.47. The company’s 50-day moving average price is $24.17 and its 200 day moving average price is $24.33. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.91.

Midland States Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 16th were paid a dividend of $0.31 per share. This is a positive change from Midland States Bancorp’s previous quarterly dividend of $0.30. The ex-dividend date was Thursday, February 15th. This represents a $1.24 annualized dividend and a yield of 5.10%. Midland States Bancorp’s dividend payout ratio is 37.92%.

Analyst Upgrades and Downgrades

Separately, Piper Sandler increased their price objective on shares of Midland States Bancorp from $26.00 to $29.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 30th.

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.