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Midland States Bancorp - MSBI Stock Forecast, Price & News

$23.91
-0.42 (-1.73%)
(As of 09/29/2022 12:40 PM ET)
Add
Compare
Today's Range
$23.52
$23.91
50-Day Range
$24.28
$28.80
52-Week Range
$23.56
$30.60
Volume
692 shs
Average Volume
71,096 shs
Market Capitalization
$527.69 million
P/E Ratio
6.34
Dividend Yield
4.78%
Price Target
$32.00

Midland States Bancorp MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
34.7% Upside
$32.00 Price Target
Short Interest
Bearish
1.92% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.50
Upright™ Environmental Score
News Sentiment
1.88mentions of Midland States Bancorp in the last 14 days
Based on 3 Articles This Week
Insider Trading
Acquiring Shares
$1 M Bought Last Quarter
Proj. Earnings Growth
-4.40%
From $3.86 to $3.69 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.93 out of 5 stars

Finance Sector

161st out of 923 stocks

State Commercial Banks Industry

33rd out of 196 stocks

MSBI stock logo

About Midland States Bancorp (NASDAQ:MSBI) Stock

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 accepts various deposits, such as checking, savings, money market, and sweep accounts, as well as certificates of deposits. It also offers term loans to purchase capital equipment; lines of credit for working capital and operational purposes; commercial real estate loans for owner occupied and non-owner occupied commercial property, as well as farmland loans; construction and land development loans developers of commercial real estate investment properties, residential developments, individual clients for construction of single family homes, as well as to construct owner-user properties; and residential real estate loans and home equity lines of credit.. In addition, the company 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; commercial equipment leasing; and trust and wealth management products and services, including financial and estate planning, trustee and custodial services, investment management, tax and insurance planning, business planning, corporate retirement plan consulting and administration, and retail brokerage services. As of December 31, 2021, it operated 52 full-service banking offices. The company was founded in 1881 and is headquartered in Effingham, Illinois.

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MSBI Stock News Headlines

Midland States Bancorp (MSBI) Could Be a Great Choice
Midland States Bancorp passes these three dividend tests
Midland States Bancorp: I'm Still On The Sidelines
Best Value Stocks to Buy for May 18th
See More Headlines
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MSBI Company Calendar

Last Earnings
7/28/2022
Ex-Dividend for 8/26 Dividend
8/18/2022
Dividend Payable
8/26/2022
Today
9/29/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:MSBI
Employees
864
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$32.00
High Stock Price Forecast
$32.00
Low Stock Price Forecast
$32.00
Forecasted Upside/Downside
+33.8%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$81.32 million
Pretax Margin
35.32%

Debt

Sales & Book Value

Annual Sales
$307.72 million
Cash Flow
$4.64 per share
Book Value
$30.15 per share

Miscellaneous

Free Float
20,787,000
Market Cap
$527.69 million
Optionable
Not Optionable
Beta
0.90

Key Executives

  • Mr. Jeffrey G. Ludwig CPAMr. Jeffrey G. Ludwig CPA (Age 50)
    Pres, CEO & Vice Chairman
    Comp: $1.21M
  • Mr. Eric T. Lemke CPAMr. Eric T. Lemke CPA (Age 53)
    Chief Financial Officer
    Comp: $595.25k
  • Mr. Douglas J. TuckerMr. Douglas J. Tucker (Age 63)
    Sr. VP, Corp. Counsel & Sec.
    Comp: $597.51k
  • Mr. Jeffrey S. MeffordMr. Jeffrey S. Mefford (Age 57)
    Exec. VP
    Comp: $816.51k
  • Mr. James R. Stewart CPA (Age 66)
    Sr. VP & Chief Risk Officer of Midland States Bank
    Comp: $547.87k
  • Mr. Aaron Rios
    Director of Operations
  • Mr. Donald J. SpringMr. Donald J. Spring (Age 62)
    Chief Accounting Officer & Controller
  • Mr. Kyle Mooney
    Chief Information Officer
  • Mr. John Dietrich
    Director of Marketing
  • Mr. William Wierman
    Sr. Credit Officer & Mang. of Retail and Bus. Banking













MSBI Stock - Frequently Asked Questions

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

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Midland States Bancorp in the last twelve months. There are currently 2 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 forecast for 2022?

2 brokerages have issued 12-month price objectives for Midland States Bancorp's stock. Their MSBI share price forecasts range from $32.00 to $32.00. On average, they predict the company's stock price to reach $32.00 in the next twelve months. This suggests a possible upside of 31.5% 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 2022?

Midland States Bancorp's stock was trading at $24.79 on January 1st, 2022. Since then, MSBI stock has decreased by 1.9% and is now trading at $24.33.
View the best growth stocks for 2022 here
.

When is Midland States Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our MSBI earnings forecast
.

How were Midland States Bancorp's earnings last quarter?

Midland States Bancorp, Inc. (NASDAQ:MSBI) issued its quarterly earnings results on Thursday, July, 28th. The financial services provider reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.02. The financial services provider earned $75.95 million during the quarter, compared to analyst estimates of $75.80 million. Midland States Bancorp had a net margin of 26.75% and a trailing twelve-month return on equity of 13.53%. During the same period in the prior year, the business earned $0.86 EPS.

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

Midland States Bancorp announced a quarterly dividend on Tuesday, August 9th. Stockholders of record on Friday, August 19th will be given a dividend of $0.29 per share on Friday, August 26th. This represents a $1.16 annualized dividend and a dividend yield of 4.77%. The ex-dividend date is Thursday, August 18th.
Read our dividend analysis for MSBI
.

Is Midland States Bancorp a good dividend stock?

Midland States Bancorp (NASDAQ:MSBI) pays an annual dividend of $1.16 per share and currently has a dividend yield of 4.78%. 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 6 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 30.77%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MSBI will have a dividend payout ratio of 31.44% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MSBI.

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 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) acted as the underwriters for the IPO and D. A. Davidson and Stephens were co-managers.

What is Midland States Bancorp's stock symbol?

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

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Midland States Bancorp's stock price today?

One share of MSBI stock can currently be purchased for approximately $24.33.

How much money does Midland States Bancorp make?

Midland States Bancorp (NASDAQ:MSBI) has a market capitalization of $536.89 million and generates $307.72 million in revenue each year. The financial services provider earns $81.32 million in net income (profit) each year or $3.77 on an earnings per share basis.

How many employees does Midland States Bancorp have?

The company employs 864 workers across the globe.

How can I contact Midland States Bancorp?

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.

This page (NASDAQ:MSBI) was last updated on 9/29/2022 by MarketBeat.com Staff

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