Midland States Bancorp Stock Forecast, Price & News

Midland States Bancorp's stock was trading at $19.50 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, MSBI stock has decreased by 27.6% and is now trading at $14.12.
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4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Midland States Bancorp in the last year. There are currently 4 hold ratings for the stock, resulting in a consensus recommendation of "Hold."
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Midland States Bancorp is scheduled to release its next quarterly earnings announcement on Thursday, October 22nd 2020.
View our earnings forecast for Midland States Bancorp.

Midland States Bancorp Inc (NASDAQ:MSBI) issued its quarterly earnings results on Friday, July, 24th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.28. The financial services provider earned $68.39 million during the quarter, compared to analysts' expectations of $62.30 million. Midland States Bancorp had a net margin of 11.47% and a return on equity of 6.96%.
View Midland States Bancorp's earnings history.

Midland States Bancorp announced a quarterly dividend on Tuesday, August 4th. Shareholders of record on Friday, August 14th will be paid a dividend of $0.268 per share on Friday, August 21st. This represents a $1.07 dividend on an annualized basis and a dividend yield of 7.59%. The ex-dividend date is Thursday, August 13th.
View Midland States Bancorp's dividend history.

4 brokers have issued 1-year target prices for Midland States Bancorp's shares. Their forecasts range from $16.00 to $22.00. On average, they expect Midland States Bancorp's stock price to reach $19.00 in the next year. This suggests a possible upside of 34.6% from the stock's current price.
View analysts' price targets for Midland States Bancorp.

Midland States Bancorp saw a increase in short interest in August. As of August 14th, there was short interest totaling 759,200 shares, an increase of 12.7% from the July 30th total of 673,700 shares. Based on an average daily volume of 128,900 shares, the short-interest ratio is presently 5.9 days. Approximately 3.7% of the shares of the company are sold short.
View Midland States Bancorp's Short Interest.

Some companies that are related to Midland States Bancorp include First Bancorp (FBP), TowneBank (TOWN), Banner (BANR), Heartland Financial USA (HTLF), Lakeland Financial (LKFN), Live Oak Bancshares (LOB), Seacoast Banking Co. of Florida (SBCF), First Busey (BUSE), Eagle Bancorp (EGBN), FB Financial (FBK), Stock Yards Bancorp (SYBT), Southside Bancshares (SBSI), Veritex (VBTX), Oritani Financial (ORIT) and 1st Source (SRCE).
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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 $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 a number of institutional and retail investors. Top institutional investors include FMR LLC (3.58%), Bessemer Group Inc. (1.78%), Bank of America Corp DE (1.14%), LSV Asset Management (0.96%), State of Wisconsin Investment Board (0.76%) and Charles Schwab Investment Management Inc. (0.60%). Company insiders that own Midland States Bancorp stock include Donald J Spring, Douglas J Tucker, Jeffrey A Brunoehler, Jeffrey G Ludwig, Jeffrey M Mcdonnell, Jerry L Mcdaniel, John M Schultz, Leon J Holschbach, R Robert Funderburg Jr, R Robert Funderburg, Jr, Robert F Schultz and Stephen A Erickson.
View institutional ownership trends for Midland States Bancorp.

MSBI stock was sold by a variety of institutional investors in the last quarter, including Burt Wealth Advisors, FMR LLC, AQR Capital Management LLC, Russell Investments Group Ltd., Prudential Financial Inc., Nuveen Asset Management LLC, First Trust Advisors LP, and Ridgewood Investments LLC. Company insiders that have sold Midland States Bancorp company stock in the last year include Douglas J Tucker, Jerry L Mcdaniel, and Leon J Holschbach.
View insider buying and selling activity for Midland States Bancorp.

MSBI stock was purchased by a variety of institutional investors in the last quarter, including Bessemer Group Inc., Goldman Sachs Group Inc., State of Wisconsin Investment Board, Trexquant Investment LP, Assenagon Asset Management S.A., Jacobs Levy Equity Management Inc., Tudor Investment Corp Et Al, and California Public Employees Retirement System. Company insiders that have bought Midland States Bancorp stock in the last two years include Donald J Spring, Douglas J Tucker, Jeffrey G Ludwig, Jeffrey M Mcdonnell, John M Schultz, and Robert F Schultz.
View insider buying and selling activity for Midland States Bancorp.

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

One share of MSBI stock can currently be purchased for approximately $14.12.

Midland States Bancorp has a market capitalization of $319.79 million and generates $324.80 million in revenue each year. The financial services provider earns $55.78 million in net income (profit) each year or $2.26 on an earnings per share basis. Midland States Bancorp employs 1,100 workers across the globe.

The official website for Midland States Bancorp is www.midlandsb.com.

Midland States Bancorp's mailing address is 1201 NETWORK CENTRE DRIVE, EFFINGHAM IL, 62401. The financial services provider can be reached via phone at 217-342-7321 or via email at [email protected]