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

Midland States Bancorp (NASDAQ:MSBIGet Rating) is set to announce its earnings results after the market closes on Thursday, January 26th. Analysts expect the company to announce earnings of $0.91 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Midland States Bancorp Price Performance

Shares of MSBI opened at $26.37 on Wednesday. The company has a market capitalization of $584.07 million, a P/E ratio of 6.68 and a beta of 0.89. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.87. The firm has a 50 day moving average of $26.66 and a 200 day moving average of $26.29. Midland States Bancorp has a twelve month low of $23.48 and a twelve month high of $30.60.

Midland States Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, November 21st. Investors of record on Monday, November 14th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 4.40%. The ex-dividend date was Thursday, November 10th. Midland States Bancorp’s dividend payout ratio (DPR) is currently 29.37%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on MSBI shares. Stephens reduced their price target on shares of Midland States Bancorp from $32.00 to $31.00 and set an “equal weight” rating for the company in a research report on Monday, October 24th. StockNews.com downgraded shares of Midland States Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, November 25th. DA Davidson reaffirmed a “neutral” rating on shares of Midland States Bancorp in a research report on Wednesday, December 21st. Finally, Piper Sandler cut their target price on shares of Midland States Bancorp to $27.00 in a research report on Thursday, September 29th.

Insiders Place Their Bets

In other news, President Jeffrey S. Mefford sold 1,600 shares of Midland States Bancorp stock in a transaction on Wednesday, November 30th. The shares were sold at an average price of $26.36, for a total transaction of $42,176.00. Following the transaction, the president now owns 30,822 shares in the company, valued at approximately $812,467.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, President Jeffrey S. Mefford sold 1,600 shares of Midland States Bancorp stock in a transaction on Wednesday, November 30th. The shares were sold at an average price of $26.36, for a total transaction of $42,176.00. Following the transaction, the president now owns 30,822 shares in the company, valued at approximately $812,467.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Douglas J. Tucker purchased 2,000 shares of the company’s stock in a transaction dated Monday, November 28th. The shares were acquired at an average price of $25.45 per share, for a total transaction of $50,900.00. Following the purchase, the senior vice president now directly owns 2,000 shares in the company, valued at $50,900. The disclosure for this purchase can be found here. 5.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Captrust Financial Advisors lifted its stake in shares of Midland States Bancorp by 98.5% during the 1st quarter. Captrust Financial Advisors now owns 1,574 shares of the financial services provider’s stock valued at $45,000 after buying an additional 781 shares in the last quarter. Quantbot Technologies LP lifted its stake in shares of Midland States Bancorp by 86.7% during the 2nd quarter. Quantbot Technologies LP now owns 1,680 shares of the financial services provider’s stock valued at $40,000 after buying an additional 780 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Midland States Bancorp by 185.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,044 shares of the financial services provider’s stock valued at $48,000 after buying an additional 1,327 shares in the last quarter. Great West Life Assurance Co. Can lifted its stake in shares of Midland States Bancorp by 36.5% during the 1st quarter. Great West Life Assurance Co. Can now owns 2,063 shares of the financial services provider’s stock valued at $62,000 after buying an additional 552 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its stake in Midland States Bancorp by 95.5% in the 1st quarter. Lazard Asset Management LLC now owns 2,078 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 1,015 shares in the last quarter. Hedge funds and other institutional investors own 60.72% of the company’s stock.

Midland States Bancorp Company Profile

(Get Rating)

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 accepts various deposits, such as checking, savings, money market, and sweep accounts, as well as certificates of deposits.

Further Reading

Earnings History for Midland States Bancorp (NASDAQ:MSBI)

Receive News & Ratings for Midland States Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Midland States Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.