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NASDAQ:MSBI

Midland States Bancorp - MSBI Stock Forecast, Price & News

$26.75
+0.18 (+0.68%)
(As of 12/6/2022 12:00 AM ET)
Add
Compare
Today's Range
$26.48
$26.81
50-Day Range
$23.57
$28.43
52-Week Range
$23.48
$30.60
Volume
92,068 shs
Average Volume
76,547 shs
Market Capitalization
$592.49 million
P/E Ratio
6.77
Dividend Yield
4.37%
Price Target
$29.00

Midland States Bancorp MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
8.4% Upside
$29.00 Price Target
Short Interest
Healthy
1.58% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.50
Upright™ Environmental Score
News Sentiment
0.31mentions of Midland States Bancorp in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$125,296 Sold Last Quarter
Proj. Earnings Growth
-6.67%
From $3.90 to $3.64 Per Share

Overall MarketRank

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

2.34 out of 5 stars

Finance Sector

461st out of 872 stocks

State Commercial Banks Industry

100th out of 183 stocks

MSBI stock logo

About Midland States Bancorp (NASDAQ:MSBI) Stock

Midland States Bancorp, Inc. is a bank holding company engaged 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

The 7 Best Financial Stocks to Buy Now
Midland States Bancorp, Inc. (MSBI)
Midland States Bancorp (MSBI) Could Be a Great Choice
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MSBI Company Calendar

Last Earnings
10/20/2022
Ex-Dividend for 11/21 Dividend
11/10/2022
Dividend Payable
11/21/2022
Today
12/06/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
1/26/2023

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
$29.00
High Stock Price Forecast
$31.00
Low Stock Price Forecast
$27.00
Forecasted Upside/Downside
+8.4%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
2 Analysts

Profitability

Net Income
$81.32 million
Pretax Margin
34.22%

Debt

Sales & Book Value

Annual Sales
$307.72 million
Cash Flow
$4.62 per share
Book Value
$30.15 per share

Miscellaneous

Free Float
20,864,000
Market Cap
$592.49 million
Optionable
Not Optionable
Beta
0.91

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?

2 Wall Street 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 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?

2 equities research analysts have issued twelve-month target prices for Midland States Bancorp's shares. Their MSBI share price forecasts range from $27.00 to $31.00. On average, they predict the company's share price to reach $29.00 in the next year. This suggests a possible upside of 8.5% 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 at the beginning of the year. Since then, MSBI shares have increased by 7.8% and is now trading at $26.73.
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, January 26th 2023.
View our MSBI earnings forecast
.

How were Midland States Bancorp's earnings last quarter?

Midland States Bancorp, Inc. (NASDAQ:MSBI) announced its quarterly earnings data on Thursday, October, 20th. The financial services provider reported $1.04 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.03. The financial services provider earned $79.85 million during the quarter, compared to analysts' expectations of $78.85 million. Midland States Bancorp had a net margin of 26.21% and a trailing twelve-month return on equity of 14.30%.

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 Monday, October 31st. Stockholders of record on Monday, November 14th will be paid a dividend of $0.29 per share on Monday, November 21st. This represents a $1.16 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date is Thursday, November 10th.
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 4.25%. 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 29.37%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MSBI will have a dividend payout ratio of 31.87% 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 (IPO) on Tuesday, May 24th 2016. The company issued 3,900,000 shares at $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 a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (12.47%), Dimensional Fund Advisors LP (5.52%), Vanguard Group Inc. (4.87%), State Street Corp (2.94%), LSV Asset Management (2.42%) and Boston Partners (1.46%). 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, John M Schultz and Leon J Holschbach.
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 $26.73.

How much money does Midland States Bancorp make?

Midland States Bancorp (NASDAQ:MSBI) has a market capitalization of $592.07 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 $3.95 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 12/6/2022 by MarketBeat.com Staff