Midland States Bancorp, Inc. (NASDAQ:MSBI) to Issue Quarterly Dividend of $0.32

Key Points

• $0.32 quarterly dividend declared, payable May 22 to holders of record May 15, implying about a 4.7% yield; the payout ratio is 48.1% and analysts' forecasts imply a future payout ratio near 41%.
• Midland beat expectations with $0.79 EPS (vs. $0.60 est.) on $81.1M revenue, the stock rose ~4.3% and trades near its 52‑week high (~$27) with a market cap of roughly $561M and a P/E of ~23.

Midland States Bancorp, Inc. (NASDAQ:MSBI - Get Free Report) declared a quarterly dividend on Tuesday, May 5th. Stockholders of record on Friday, May 15th will be paid a dividend of 0.32 per share by the financial services provider on Friday, May 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Friday, May 15th.

Midland States Bancorp has raised its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Midland States Bancorp has a payout ratio of 48.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Midland States Bancorp to earn $3.12 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 41.0%.

Midland States Bancorp Trading Up 4.3%

Shares of MSBI stock opened at $27.08 on Wednesday. Midland States Bancorp has a fifty-two week low of $14.24 and a fifty-two week high of $27.10. The stock has a market cap of $561.37 million, a P/E ratio of 22.95 and a beta of 0.66. The business has a fifty day simple moving average of $22.84 and a 200-day simple moving average of $20.92. The company has a quick ratio of 0.80, a current ratio of 0.78 and a debt-to-equity ratio of 0.71.

Midland States Bancorp (NASDAQ:MSBI - Get Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.79 earnings per share for the quarter, beating analysts' consensus estimates of $0.60 by $0.19. Midland States Bancorp had a return on equity of 11.55% and a net margin of 7.53%.The business had revenue of $81.10 million during the quarter, compared to analysts' expectations of $75.59 million. On average, analysts forecast that Midland States Bancorp will post 3.17 earnings per share for the current fiscal year.

Midland States Bancorp Company Profile

Midland States Bancorp, Inc is a bank holding company headquartered in Effingham, Illinois, that oversees Midland States Bank, a community-focused financial institution. Through its subsidiary, the company provides a full range of commercial and retail banking services designed to meet the needs of individuals, small and mid-sized businesses, and nonprofit organizations. Its branch network spans key markets in Illinois, Missouri and Florida, where it emphasizes relationship-driven banking and local decision-making.

The company's offerings include traditional deposit accounts, business and commercial lending, treasury and cash management services, mortgage financing and home equity products.

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