Midland States Bancorp (MSBI) Projected to Post Earnings on Thursday

Midland States Bancorp (NASDAQ:MSBI) is expected to release its Q1 2025 earnings data after the market closes on Thursday, July 24th. Analysts expect Midland States Bancorp to post earnings of $0.63 per share and revenue of $75.76 million for the quarter.

Midland States Bancorp (NASDAQ:MSBI) last announced its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.05. The firm had revenue of $76.16 million for the quarter, compared to analyst estimates of $72.93 million. Midland States Bancorp had a negative return on equity of 1.89% and a negative net margin of 2.59%. 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 Stock Up 2.0%

Midland States Bancorp stock opened at $18.56 on Thursday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.81 and a current ratio of 0.86. The firm has a market capitalization of $399.23 million, a price-to-earnings ratio of -18.38 and a beta of 0.74. Midland States Bancorp has a fifty-two week low of $14.79 and a fifty-two week high of $28.08. The stock’s fifty day moving average is $17.54 and its two-hundred day moving average is $18.61.

Midland States Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 16th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 6.68%. The ex-dividend date was Friday, May 16th. Midland States Bancorp’s dividend payout ratio (DPR) is -122.77%.

Wall Street Analysts Forecast Growth

MSBI has been the topic of several research reports. Keefe, Bruyette & Woods lowered their target price on Midland States Bancorp from $21.00 to $20.00 and set a “market perform” rating on the stock in a report on Friday, May 2nd. Piper Sandler reissued a “neutral” rating and issued a $21.00 target price (up previously from $18.00) on shares of Midland States Bancorp in a report on Friday, July 11th. Finally, Wall Street Zen lowered Midland States Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, May 20th.

Hedge Funds Weigh In On Midland States Bancorp

A number of large investors have recently modified their holdings of the company. Empowered Funds LLC grew its position in shares of Midland States Bancorp by 3.5% in the 1st quarter. Empowered Funds LLC now owns 58,504 shares of the financial services provider’s stock worth $1,002,000 after acquiring an additional 2,004 shares in the last quarter. Jane Street Group LLC acquired a new position in Midland States Bancorp during the 1st quarter valued at approximately $354,000. Finally, Amundi raised its stake in Midland States Bancorp by 39.4% during the 1st quarter. Amundi now owns 2,194 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 620 shares in the last quarter. 60.93% of the stock is currently owned by hedge funds and other institutional investors.

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.