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NASDAQ:MSBI

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

$23.99
-0.36 (-1.48%)
(As of 12:13 PM ET)
Today's Range
$23.77
$24.19
50-Day Range
$24.06
$28.29
52-Week Range
$17.98
$28.47
Volume
13,590 shs
Average Volume
58,651 shs
Market Capitalization
$515.79 million
P/E Ratio
7.34
Dividend Yield
5.17%
Price Target
$26.33

Midland States Bancorp MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
8.1% Upside
$26.33 Price Target
Short Interest
Healthy
1.12% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.50
Upright™ Environmental Score
News Sentiment
0.60mentions of Midland States Bancorp in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$145,781 Sold Last Quarter
Proj. Earnings Growth
4.41%
From $2.95 to $3.08 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.17 out of 5 stars

Finance Sector

278th out of 868 stocks

State Commercial Banks Industry

62nd out of 184 stocks


MSBI stock logo

About Midland States Bancorp Stock (NASDAQ:MSBI)

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. In addition, it offers construction and land development loans, such as real estate investment properties and residential developments, and lesser extent loans; and residential real estate loans, which includes first and second mortgage loans, and home equity lines of credit consisting of loans secured by first or second mortgages on primarily owner occupied primary residences. The company also provides consumer installment loans for the purchase of cars, boats and other recreational vehicles, as well as for the purchase of major appliances and other home improvement projects; and commercial equipment leasing programs for manufacturing, construction, transportation, and healthcare industries. Further, it offers deposit products, including checking, savings, money market, and certificates of deposit, as well as sweep accounts; and trust and wealth management services, such as financial and estate planning, trustee and custodial, investment management, tax, insurance, and business planning, corporate retirement plan consulting and administration, and retail brokerage services. The company was founded in 1881 and is headquartered in Effingham, Illinois.

MSBI Stock Price History

MSBI Stock News Headlines

Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
MSBI Apr 2024 20.000 put
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Jeff Ludwig Appointed to Federal Reserve Board Advisory Council
KBW Keeps Their Hold Rating on Midland States Bancrop (MSBI)
Midland States Bancorp: Q4 Earnings Insights
Midland States Bancorp Inc MSBI
See More Headlines
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Company Calendar

Last Earnings
1/25/2024
Ex-Dividend for 2/23 Dividend
2/15/2024
Dividend Payable
2/23/2024
Today
3/01/2024
Next Earnings (Estimated)
4/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
State commercial banks
Sub-Industry
N/A
Current Symbol
NASDAQ:MSBI
Employees
914
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$26.33
High Stock Price Target
$29.00
Low Stock Price Target
$25.00
Potential Upside/Downside
+8.1%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Net Income
$75.46 million
Pretax Margin
22.84%

Debt

Sales & Book Value

Annual Sales
$470.89 million
Cash Flow
$4.48 per share
Book Value
$31.68 per share

Miscellaneous

Free Float
20,300,000
Market Cap
$523.53 million
Optionable
Optionable
Beta
0.80
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MSBI Stock Analysis - Frequently Asked Questions

Should I buy or sell Midland States Bancorp stock right now?

3 Wall Street 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 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.
View MSBI analyst ratings
or view top-rated stocks.

What is Midland States Bancorp's stock price target for 2024?

3 Wall Street analysts have issued twelve-month target prices for Midland States Bancorp's stock. Their MSBI share price targets range from $25.00 to $29.00. On average, they predict the company's stock price to reach $26.33 in the next year. This suggests a possible upside of 8.1% from the stock's current price.
View analysts price targets for MSBI
or view top-rated stocks among Wall Street analysts.

How have MSBI shares performed in 2024?

Midland States Bancorp's stock was trading at $27.56 at the start of the year. Since then, MSBI shares have decreased by 11.6% and is now trading at $24.35.
View the best growth stocks for 2024 here
.

When is Midland States Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our MSBI earnings forecast
.

How were Midland States Bancorp's earnings last quarter?

Midland States Bancorp, Inc. (NASDAQ:MSBI) issued its quarterly earnings data on Thursday, January, 25th. The financial services provider reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.10. The financial services provider earned $78.59 million during the quarter, compared to analyst estimates of $75.65 million. Midland States Bancorp had a net margin of 17.19% and a trailing twelve-month return on equity of 12.82%.

How often does Midland States Bancorp pay dividends? What is the dividend yield for Midland States Bancorp?

Midland States Bancorp declared a quarterly dividend on Tuesday, February 6th. Shareholders of record on Friday, February 16th will be paid a dividend of $0.31 per share on Friday, February 23rd. This represents a $1.24 dividend on an annualized basis and a yield of 5.09%. The ex-dividend date of this dividend is Thursday, February 15th. This is a positive change from the stock's previous quarterly dividend of $0.30.
Read our dividend analysis for MSBI
.

Is Midland States Bancorp a good dividend stock?

Midland States Bancorp (NASDAQ:MSBI) pays an annual dividend of $1.24 per share and currently has a dividend yield of 5.15%. 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 8 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 37.92%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MSBI will have a dividend payout ratio of 40.26% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MSBI.

What ETF holds Midland States Bancorp's stock ?

First Trust Dow Jones Select Microcap Index Fund holds 59,077 shares of MSBI stock, representing 0.86% of its portfolio.

What is Jeffrey Ludwig's approval rating as Midland States Bancorp's CEO?

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.

What other stocks do shareholders of Midland States Bancorp own?

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).

When did Midland States Bancorp IPO?

(MSBI) raised $101 million in an initial public offering (IPO) 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.

Who are Midland States Bancorp's major shareholders?

Midland States Bancorp's stock is owned by many different retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (6.37%), Vanguard Group Inc. (5.29%), LSV Asset Management (2.16%), Hotchkis & Wiley Capital Management LLC (1.12%), Northern Trust Corp (0.90%) and Bridgeway Capital Management LLC (0.81%). Insiders that own company stock include Donald J Spring, Douglas J Tucker, Eric Lemke, Jeffrey A Brunoehler, Jeffrey C Smith, Jeffrey C Smith, Jeffrey S Mefford, Jerry L Mcdaniel, Richard Dean Bingham and Robert F Schultz.
View institutional ownership trends
.

How do I buy shares of Midland States Bancorp?

Shares of MSBI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:MSBI) was last updated on 3/1/2024 by MarketBeat.com Staff