Midland States Bancorp (MSBI) Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Midland States Bancorp in the last year. There are currently 3 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MSBI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MSBI, but not buy additional shares or sell existing shares.
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3 analysts have issued 1 year price targets for Midland States Bancorp's shares. Their MSBI share price forecasts range from $21.00 to $31.00. On average, they predict the company's share price to reach $27.00 in the next twelve months. This suggests a possible upside of 25.1% from the stock's current price.
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Midland States Bancorp's stock was trading at $26.62 at the beginning of the year. Since then, MSBI stock has decreased by 18.9% and is now trading at $21.59.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our MSBI earnings forecast.

Midland States Bancorp, Inc. (NASDAQ:MSBI) released its quarterly earnings results on Thursday, April, 27th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.04. The financial services provider earned $76.28 million during the quarter, compared to analysts' expectations of $77.50 million. Midland States Bancorp had a trailing twelve-month return on equity of 14.05% and a net margin of 24.13%.

Midland States Bancorp declared a quarterly dividend on Tuesday, May 2nd. Shareholders of record on Friday, May 12th will be paid a dividend of $0.30 per share on Friday, May 19th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.56%. The ex-dividend date is Thursday, May 11th.
Read our dividend analysis for MSBI.

ETFs with the largest weight of Midland States Bancorp (NASDAQ:MSBI) stock in their portfolio include First Trust Dow Jones Select Microcap Index Fund (FDM), AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC), Royce Quant Small-Cap Quality Value ETF (SQLV), First Trust NASDAQ ABA Community Bank Index Fund (QABA), SPDR S&P Regional Banking ETF (KRE), Janus Henderson Small Cap Growth Alpha ETF (JSML) and Direxion Daily Regional Banks Bull 3x Shares (DPST) and

Midland States Bancorp (NASDAQ:MSBI) pays an annual dividend of $1.20 per share and currently has a dividend yield of 5.39%. MSBI has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 7 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 28.78%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MSBI will have a dividend payout ratio of 38.34% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MSBI.

23 employees have rated Midland States Bancorp Chief Executive Officer Jeffrey Ludwig on Glassdoor.com. Jeffrey Ludwig has an approval rating of 94% among the company's employees. This puts Jeffrey Ludwig in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Midland States Bancorp investors own include Boeing (BA), NVIDIA (NVDA), Main Street Capital (MAIN), Mastercard (MA), Overstock.com (OSTK), Pure Storage (PSTG), QUALCOMM (QCOM), Twilio (TWLO), Exxon Mobil (XOM) and Eldorado Resorts (ERI).

(MSBI) raised $101 million in an initial public offering on Tuesday, May 24th 2016. The company issued 3,900,000 shares at a price of $25.00-$27.00 per share. Sandler O'Neill + Partners and Keefe, Bruyette & Woods (A Stifel Company) served as the underwriters for the IPO and D. A. Davidson and Stephens were co-managers.

Midland States Bancorp trades on the NASDAQ under the ticker symbol "MSBI."

Midland States Bancorp's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (13.82%), Dimensional Fund Advisors LP (6.04%), State Street Corp (3.14%), LSV Asset Management (2.27%), Geode Capital Management LLC (1.93%) and Bank of America Corp DE (1.09%). Insiders that own company stock include Donald J Spring, Douglas J Tucker, Eric Lemke, Jeffrey A Brunoehler, Jeffrey C Smith, Jeffrey G Ludwig, Jeffrey M Mcdonnell, Jeffrey S Mefford, Jerry L Mcdaniel, Richard Dean Bingham and Robert F Schultz.
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Shares of MSBI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MSBI stock can currently be purchased for approximately $21.59.

Midland States Bancorp (NASDAQ:MSBI) has a market capitalization of $475.41 million and generates $381.65 million in revenue each year. The financial services provider earns $99.03 million in net income (profit) each year or $4.17 on an earnings per share basis.

The company employs 864 workers across the globe.

Midland States Bancorp's mailing address is 1201 NETWORK CENTRE DRIVE, EFFINGHAM IL, 62401. The official website for the company is www.midlandsb.com. The financial services provider can be reached via phone at (217) 342-7321, via email at dtucker@midlandsb.com, or via fax at 217-342-9449.