DA Davidson Issues Pessimistic Estimate for MSBI Earnings

Midland States Bancorp, Inc. (NASDAQ:MSBI) – Stock analysts at DA Davidson reduced their FY2025 earnings per share (EPS) estimates for shares of Midland States Bancorp in a research report issued on Tuesday, January 28th. DA Davidson analyst J. Rulis now forecasts that the financial services provider will post earnings of $2.25 per share for the year, down from their previous forecast of $2.68. DA Davidson currently has a “Neutral” rating and a $21.00 price target on the stock. The consensus estimate for Midland States Bancorp’s current full-year earnings is $2.16 per share.

Several other research firms also recently weighed in on MSBI. Keefe, Bruyette & Woods reduced their price target on shares of Midland States Bancorp from $28.00 to $23.00 and set a “market perform” rating for the company in a research report on Monday. Piper Sandler decreased their target price on Midland States Bancorp from $28.50 to $23.00 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, StockNews.com cut Midland States Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, January 24th. Five investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $23.50.

Midland States Bancorp Stock Performance

NASDAQ:MSBI opened at $19.67 on Thursday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market capitalization of $420.94 million, a PE ratio of 8.52 and a beta of 0.76. Midland States Bancorp has a fifty-two week low of $18.75 and a fifty-two week high of $28.10. The company has a fifty day moving average of $24.84 and a two-hundred day moving average of $23.86.

Midland States Bancorp (NASDAQ:MSBI) last announced its earnings results on Thursday, January 23rd. The financial services provider reported ($2.52) earnings per share for the quarter, missing the consensus estimate of $0.67 by ($3.19). Midland States Bancorp had a return on equity of 8.90% and a net margin of 12.13%.

Hedge Funds Weigh In On Midland States Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of the company. Hotchkis & Wiley Capital Management LLC purchased a new stake in Midland States Bancorp in the 3rd quarter valued at about $5,764,000. Bank of Montreal Can purchased a new stake in shares of Midland States Bancorp in the 2nd quarter valued at approximately $1,350,000. JPMorgan Chase & Co. raised its stake in shares of Midland States Bancorp by 52.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 110,306 shares of the financial services provider’s stock valued at $2,469,000 after acquiring an additional 37,889 shares during the period. Barclays PLC lifted its holdings in shares of Midland States Bancorp by 55.2% in the 3rd quarter. Barclays PLC now owns 65,384 shares of the financial services provider’s stock worth $1,463,000 after acquiring an additional 23,242 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its holdings in Midland States Bancorp by 31.6% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 89,187 shares of the financial services provider’s stock valued at $1,996,000 after purchasing an additional 21,416 shares during the last quarter. 60.93% of the stock is currently owned by institutional investors and hedge funds.

Midland States Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 6.30%. The ex-dividend date of this dividend was Monday, November 18th. Midland States Bancorp’s payout ratio is currently 53.68%.

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.