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

Midland States Bancorp (NASDAQ:MSBI - Get Free Report) is expected to be issuing its Q1 2025 quarterly 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 - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.57 earnings per share for the quarter, beating analysts' consensus estimates of $0.52 by $0.05. The business had revenue of $76.16 million for the quarter, compared to analysts' expectations of $72.93 million. Midland States Bancorp had a negative net margin of 2.59% and a negative return on equity of 1.89%. 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 0.5%

Shares of Midland States Bancorp stock traded up $0.09 during trading on Thursday, reaching $18.65. The company's stock had a trading volume of 84,275 shares, compared to its average volume of 108,984. The company has a 50-day simple moving average of $17.54 and a two-hundred day simple moving average of $18.57. The company has a market cap of $401.16 million, a price-to-earnings ratio of -18.47 and a beta of 0.74. The company has a quick ratio of 0.81, a current ratio of 0.86 and a debt-to-equity ratio of 0.64. Midland States Bancorp has a 1-year low of $14.79 and a 1-year high of $28.08.

Midland States Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Friday, May 16th were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.24 annualized dividend and a dividend yield of 6.65%. Midland States Bancorp's dividend payout ratio (DPR) is presently -122.77%.

Analysts Set New Price Targets

A number of analysts have recently commented on MSBI shares. Keefe, Bruyette & Woods cut their price objective on Midland States Bancorp from $21.00 to $20.00 and set a "market perform" rating for the company in a research report on Friday, May 2nd. Piper Sandler restated a "neutral" rating and issued a $21.00 price target (up from $18.00) on shares of Midland States Bancorp in a research report on Friday, July 11th. Finally, Wall Street Zen lowered shares of Midland States Bancorp from a "buy" rating to a "hold" rating in a report on Tuesday, May 20th.

Hedge Funds Weigh In On Midland States Bancorp

Hedge funds have recently modified their holdings of the business. Empowered Funds LLC boosted its stake in Midland States Bancorp by 3.5% during the first quarter. Empowered Funds LLC now owns 58,504 shares of the financial services provider's stock worth $1,002,000 after buying an additional 2,004 shares during the period. Jane Street Group LLC purchased a new position in Midland States Bancorp during the first quarter worth about $354,000. Finally, Amundi boosted its position in shares of Midland States Bancorp by 39.4% during the 1st quarter. Amundi now owns 2,194 shares of the financial services provider's stock worth $38,000 after purchasing an additional 620 shares during the period. 60.93% of the stock is currently owned by hedge funds and other institutional investors.

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.