DA Davidson Has Optimistic Outlook of MSBI FY2026 Earnings

Key Points

• DA Davidson has revised its FY2026 earnings per share (EPS) estimate for Midland States Bancorp to $2.42, slightly increasing from the prior estimate of $2.40.
• The company recently declared a quarterly dividend of $0.32, increasing from the previous $0.31, reflecting a dividend yield of 7.3%.
• Midland States Bancorp's current consensus rating among analysts is "Hold," with a price target of $20.75.

Midland States Bancorp, Inc. (NASDAQ:MSBI - Free Report) - DA Davidson upped their FY2026 earnings per share (EPS) estimates for shares of Midland States Bancorp in a report issued on Friday, September 26th. DA Davidson analyst J. Rulis now forecasts that the financial services provider will post earnings of $2.42 per share for the year, up from their prior estimate of $2.40. The consensus estimate for Midland States Bancorp's current full-year earnings is $2.53 per share.

MSBI has been the topic of a number of other research reports. Piper Sandler reiterated a "neutral" rating and issued a $21.00 price target (up previously from $18.00) on shares of Midland States Bancorp in a research report on Friday, July 11th. Wall Street Zen upgraded Midland States Bancorp from a "sell" rating to a "hold" rating in a research report on Friday, September 5th. Finally, Stephens raised Midland States Bancorp to a "hold" rating in a research note on Thursday, September 11th. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $20.75.

Midland States Bancorp Trading Up 0.6%

NASDAQ MSBI opened at $17.55 on Monday. The business's 50-day moving average price is $17.86 and its two-hundred day moving average price is $17.47. Midland States Bancorp has a 12 month low of $14.79 and a 12 month high of $28.08. The firm has a market capitalization of $378.03 million, a PE ratio of -22.79 and a beta of 0.78. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 1.02.

Midland States Bancorp (NASDAQ:MSBI - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.44 EPS for the quarter, missing analysts' consensus estimates of $0.63 by ($0.19). Midland States Bancorp had a negative net margin of 1.50% and a negative return on equity of 1.30%. The company had revenue of $82.50 million during the quarter, compared to the consensus estimate of $75.76 million.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Valeo Financial Advisors LLC raised its stake in Midland States Bancorp by 5.3% during the 2nd quarter. Valeo Financial Advisors LLC now owns 19,126 shares of the financial services provider's stock worth $331,000 after buying an additional 955 shares during the period. Rafferty Asset Management LLC raised its stake in Midland States Bancorp by 18.7% during the 2nd quarter. Rafferty Asset Management LLC now owns 18,495 shares of the financial services provider's stock worth $320,000 after buying an additional 2,910 shares during the period. BNP Paribas Financial Markets raised its stake in Midland States Bancorp by 6.8% during the 2nd quarter. BNP Paribas Financial Markets now owns 58,182 shares of the financial services provider's stock worth $1,008,000 after buying an additional 3,680 shares during the period. Brevan Howard Capital Management LP acquired a new position in Midland States Bancorp during the 2nd quarter worth approximately $211,000. Finally, Bank of America Corp DE raised its stake in Midland States Bancorp by 9.9% during the 2nd quarter. Bank of America Corp DE now owns 194,353 shares of the financial services provider's stock worth $3,366,000 after buying an additional 17,565 shares during the period. 60.93% of the stock is owned by institutional investors and hedge funds.

Midland States Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 15th were paid a $0.32 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 7.3%. This is a positive change from Midland States Bancorp's previous quarterly dividend of $0.31. Midland States Bancorp's dividend payout ratio (DPR) is presently -166.23%.

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.

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