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MarketBeat Week in Review – 6/4 - 6/9
BREAKING: Tiny biotech successfully treats blindness (Ad)
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Laser breakthrough could send stock soaring 2,467% (Ad)
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S&P 500   4,298.86
DOW   33,876.78
QQQ   354.50
MarketBeat Week in Review – 6/4 - 6/9
BREAKING: Tiny biotech successfully treats blindness (Ad)
FuelCell Is Back To Realistic Valuation
New Mexico reaches $500M settlement with Walgreens in opioid case
Laser breakthrough could send stock soaring 2,467% (Ad)
Nigeria's central bank chief arrested after being suspended by president
American Airlines, JetBlue seek to keep some ties despite losing antitrust case
Laser breakthrough could send stock soaring 2,467% (Ad)
North Dakota tribe buys idle oil pipeline from Enbridge
Ukrainian President Volodymyr Zelenskyy says ‘counteroffensive, defensive actions’ taking place in war with Russia
S&P 500   4,298.86
DOW   33,876.78
QQQ   354.50
MarketBeat Week in Review – 6/4 - 6/9
BREAKING: Tiny biotech successfully treats blindness (Ad)
FuelCell Is Back To Realistic Valuation
New Mexico reaches $500M settlement with Walgreens in opioid case
Laser breakthrough could send stock soaring 2,467% (Ad)
Nigeria's central bank chief arrested after being suspended by president
American Airlines, JetBlue seek to keep some ties despite losing antitrust case
Laser breakthrough could send stock soaring 2,467% (Ad)
North Dakota tribe buys idle oil pipeline from Enbridge
Ukrainian President Volodymyr Zelenskyy says ‘counteroffensive, defensive actions’ taking place in war with Russia
S&P 500   4,298.86
DOW   33,876.78
QQQ   354.50
MarketBeat Week in Review – 6/4 - 6/9
BREAKING: Tiny biotech successfully treats blindness (Ad)
FuelCell Is Back To Realistic Valuation
New Mexico reaches $500M settlement with Walgreens in opioid case
Laser breakthrough could send stock soaring 2,467% (Ad)
Nigeria's central bank chief arrested after being suspended by president
American Airlines, JetBlue seek to keep some ties despite losing antitrust case
Laser breakthrough could send stock soaring 2,467% (Ad)
North Dakota tribe buys idle oil pipeline from Enbridge
Ukrainian President Volodymyr Zelenskyy says ‘counteroffensive, defensive actions’ taking place in war with Russia

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

$21.59
-0.68 (-3.05%)
(As of 06/9/2023 ET)
Compare
Today's Range
$21.28
$22.21
50-Day Range
$18.65
$22.45
52-Week Range
$17.98
$28.88
Volume
58,452 shs
Average Volume
61,266 shs
Market Capitalization
$475.41 million
P/E Ratio
5.18
Dividend Yield
5.56%
Price Target
$27.00

Midland States Bancorp MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
25.1% Upside
$27.00 Price Target
Short Interest
Healthy
1.64% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.50
Upright™ Environmental Score
News Sentiment
1.84mentions of Midland States Bancorp in the last 14 days
Based on 2 Articles This Week
Insider Trading
Acquiring Shares
$173,166 Bought Last Quarter
Proj. Earnings Growth
-3.40%
From $3.24 to $3.13 Per Share

Overall MarketRank

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

2.92 out of 5 stars

Finance Sector

126th out of 835 stocks

State Commercial Banks Industry

37th out of 176 stocks


MSBI stock logo

About Midland States Bancorp (NASDAQ:MSBI) Stock

Midland States Bancorp, Inc. is a bank holding company which engages in the provision of commercial and consumer banking products and services. It operates through the following segments: Banking, Wealth Management, and Other. The Banking segment offers financial products and services such as loans, mortgage loan sales and servicing, letters of credit, deposit products, merchant services, and corporate treasury management services. The Wealth Management segment consists of trust and fiduciary services, brokerage, and retirement planning services. The Other segment includes the operating results of the parent company, the captive insurance business unit, and the elimination of intercompany transactions. The company was founded in 1988 and is headquartered in Effingham, IL.

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MSBI Stock News Headlines

[BREAKING] Small Firm Develops World's First Anti-Aircraft Laser
Small cap wins $1.65 billion contract to make them. GlobeNewswire says this is a $51.1 Billion market by 2026. See why this stock could soar 2,476% >>>
“One-Stock Millionaire” IGNORES 99.9% of the Market
During the 2008 financial crisis, millionaire trader Jeff Clark stunned the world when he managed to double his readers’ money 26 TIMES… CNBC caught wind of this and asked Jeff to come on live TV to explain his secret.
MSBI Midland States Bancorp, Inc.
See More Headlines

MSBI Price History

MSBI Company Calendar

Last Earnings
4/27/2023
Ex-Dividend for 5/19 Dividend
5/11/2023
Dividend Payable
5/19/2023
Today
6/10/2023
Next Earnings (Estimated)
7/27/2023
Fiscal Year End
12/31/2023

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
$27.00
High Stock Price Forecast
$31.00
Low Stock Price Forecast
$21.00
Forecasted Upside/Downside
+25.1%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
3 Analysts

Profitability

Net Income
$99.03 million
Pretax Margin
31.62%

Debt

Sales & Book Value

Annual Sales
$381.65 million
Cash Flow
$4.63 per share
Book Value
$29.26 per share

Miscellaneous

Free Float
20,792,000
Market Cap
$475.41 million
Optionable
Not Optionable
Beta
0.85

Key Executives

  • Jeffrey G. LudwigJeffrey G. Ludwig
    President, Chief Executive Officer & Director
  • Eric T. LemkeEric T. Lemke
    Chief Financial Officer
  • Jeffrey S. MeffordJeffrey S. Mefford
    Executive Vice President
  • Jeffrey A. BrunoehlerJeffrey A. Brunoehler
    Chief Credit Officer & Senior Vice President
  • Douglas J. TuckerDouglas J. Tucker
    Secretary, SVP, Corporate Counsel & Director-IR













MSBI Stock - Frequently Asked Questions

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

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.
View MSBI analyst ratings
or view top-rated stocks.

What is Midland States Bancorp's stock price forecast for 2023?

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.
View analysts price targets for MSBI
or view top-rated stocks among Wall Street analysts.

How have MSBI shares performed in 2023?

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.
View the best growth stocks for 2023 here
.

When is Midland States Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our MSBI earnings forecast
.

How were Midland States Bancorp's earnings last quarter?

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%.

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, 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
.

Is Midland States Bancorp a good dividend stock?

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.

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) served 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."

Who are Midland States Bancorp's major shareholders?

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.
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 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 $21.59.

How much money does Midland States Bancorp make?

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.

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 6/10/2023 by MarketBeat.com Staff

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