Equities Analysts Set Expectations for MSBI FY2025 Earnings

Midland States Bancorp, Inc. (NASDAQ:MSBI) – Equities research analysts at DA Davidson cut their FY2025 earnings estimates for shares of Midland States Bancorp in a note issued to investors on Thursday, December 19th. DA Davidson analyst J. Rulis now expects that the financial services provider will earn $2.68 per share for the year, down from their previous forecast of $2.70. The consensus estimate for Midland States Bancorp’s current full-year earnings is $2.16 per share.

Midland States Bancorp (NASDAQ:MSBI) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.11. Midland States Bancorp had a return on equity of 8.90% and a net margin of 12.13%. The company had revenue of $124.17 million during the quarter, compared to analysts’ expectations of $72.90 million. During the same period in the previous year, the business earned $0.78 earnings per share.

Other equities analysts have also recently issued reports about the company. StockNews.com cut Midland States Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, November 22nd. Piper Sandler lifted their target price on shares of Midland States Bancorp from $26.00 to $27.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods upped their price target on Midland States Bancorp from $24.00 to $28.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th.

Midland States Bancorp Stock Performance

Shares of NASDAQ MSBI opened at $24.40 on Friday. The stock has a market cap of $522.18 million, a price-to-earnings ratio of 10.56 and a beta of 0.75. The stock’s 50-day moving average is $25.67 and its 200 day moving average is $23.57. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.79. Midland States Bancorp has a 1-year low of $20.54 and a 1-year high of $28.47.

Midland States Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Shareholders of record on Monday, November 18th were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.24 dividend on an annualized basis and a yield of 5.08%. Midland States Bancorp’s dividend payout ratio is currently 53.68%.

Insiders Place Their Bets

In related news, CEO Jeffrey G. Ludwig sold 12,753 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $24.52, for a total transaction of $312,703.56. Following the sale, the chief executive officer now directly owns 343,935 shares of the company’s stock, valued at $8,433,286.20. This trade represents a 3.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 5.60% of the company’s stock.

Institutional Trading of Midland States Bancorp

A number of institutional investors have recently made changes to their positions in the stock. Point72 DIFC Ltd bought a new stake in shares of Midland States Bancorp in the third quarter worth $31,000. Point72 Asset Management L.P. purchased a new stake in shares of Midland States Bancorp during the 3rd quarter valued at about $45,000. Quantbot Technologies LP lifted its stake in shares of Midland States Bancorp by 25.8% in the 3rd quarter. Quantbot Technologies LP now owns 2,475 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 507 shares during the period. US Bancorp DE boosted its holdings in shares of Midland States Bancorp by 141.6% in the third quarter. US Bancorp DE now owns 3,803 shares of the financial services provider’s stock worth $85,000 after buying an additional 2,229 shares during the last quarter. Finally, Quest Partners LLC bought a new stake in Midland States Bancorp during the third quarter valued at approximately $148,000. Hedge funds and other institutional investors 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.