NASDAQ:MSBI

Midland States Bancorp Stock Forecast, Price & News

$28.67
-0.08 (-0.28 %)
(As of 05/5/2021 12:00 AM ET)
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Today's Range
$28.45
$29.28
50-Day Range
$26.47
$28.81
52-Week Range
$12.48
$30.32
Volume62,400 shs
Average Volume96,234 shs
Market Capitalization$638.65 million
P/E Ratio29.26
Dividend Yield3.90%
Beta1.06
30 days | 90 days | 365 days | Advanced Chart
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Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:MSBI
CUSIPN/A
Phone217-342-7321
Employees863
Year FoundedN/A

Sales & Book Value

Annual Sales$324.80 million
Cash Flow$4.68 per share
Book Value$27.27 per share

Profitability

Net Income$55.78 million

Debt

Price-To-Earnings

Miscellaneous

Market Cap$638.65 million
Next Earnings Date7/22/2021 (Estimated)
OptionableNot Optionable

Headlines

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Midland States Bancorp logo

About Midland States Bancorp

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, 2020, it operated 52 full-service banking offices. The company was founded in 1881 and is headquartered in Effingham, Illinois.

MarketRank

Overall MarketRank

1.49 out of 5 stars

Finance Sector

657th out of 1,953 stocks

State Commercial Banks Industry

139th out of 310 stocks

Analyst Opinion: 1.3Community Rank: 1.6Dividend Strength: 2.5Insider Behavior: 0.8Valuation: 1.3 5 -4 -3 -2 -1 -
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Midland States Bancorp (NASDAQ:MSBI) Frequently Asked Questions

Is Midland States Bancorp a buy right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Midland States Bancorp in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" Midland States Bancorp stock.
View analyst ratings for Midland States Bancorp
or view top-rated stocks.

What stocks does MarketBeat like better than Midland States Bancorp?

Wall Street analysts have given Midland States Bancorp a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Midland States Bancorp wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Midland States Bancorp's next earnings date?

Midland States Bancorp is scheduled to release its next quarterly earnings announcement on Thursday, July 22nd 2021.
View our earnings forecast for Midland States Bancorp
.

How were Midland States Bancorp's earnings last quarter?

Midland States Bancorp, Inc. (NASDAQ:MSBI) announced its quarterly earnings results on Wednesday, April, 21st. The financial services provider reported $0.82 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.84 by $0.02. Midland States Bancorp had a trailing twelve-month return on equity of 6.36% and a net margin of 7.65%.
View Midland States Bancorp's earnings history
.

How has Midland States Bancorp's stock price been impacted by Coronavirus?

Midland States Bancorp's stock was trading at $19.50 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, MSBI stock has increased by 47.0% and is now trading at $28.67.
View which stocks have been most impacted by COVID-19
.

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 2nd. Shareholders of record on Friday, February 12th will be given a dividend of $0.28 per share on Friday, February 19th. This represents a $1.12 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date is Thursday, February 11th. This is a boost from Midland States Bancorp's previous quarterly dividend of $0.27.
View Midland States Bancorp's dividend history
.

Is Midland States Bancorp a good dividend stock?

Midland States Bancorp pays an annual dividend of $1.12 per share and currently has a dividend yield of 3.90%. Midland States Bancorp does not yet have a strock track record of dividend growth. The dividend payout ratio of Midland States Bancorp is 49.56%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Midland States Bancorp will have a dividend payout ratio of 53.85% next year. This indicates that Midland States Bancorp will be able to sustain or increase its dividend.
View Midland States Bancorp's dividend history.

What price target have analysts set for MSBI?

2 Wall Street analysts have issued twelve-month price objectives for Midland States Bancorp's shares. Their forecasts range from $16.00 to $28.00. On average, they expect Midland States Bancorp's stock price to reach $22.00 in the next year. This suggests that the stock has a possible downside of 23.3%.
View analysts' price targets for Midland States Bancorp
or view top-rated stocks among Wall Street analysts.

Who are Midland States Bancorp's key executives?

Midland States Bancorp's management team includes the following people:
  • Mr. Jeffrey G. Ludwig CPA, Pres, CEO & Vice Chairman (Age 49, Pay $832.91k)
  • Mr. Eric T. Lemke CPA, Chief Financial Officer (Age 52, Pay $403.35k)
  • Mr. Douglas J. Tucker, Sr. VP, Corp. Counsel & Sec. (Age 62, Pay $454.99k)
  • Mr. Jeffrey S. Mefford, Exec. VP (Age 56, Pay $574.04k)
  • Mr. James R. Stewart CPA, Sr. VP & Chief Risk Officer of Midland States Bank (Age 65, Pay $417.36k)
  • Mr. Aaron Rios, Director of Operations
  • Mr. Donald J. Spring, Chief Accounting Officer & Controller (Age 61)
  • Mr. Kyle Mooney, Chief Information Officer
  • Mr. John Dietrich, Director of Marketing
  • Mr. William Wierman, Sr. Credit Officer & Mang. of Retail and Bus. Banking

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

23 employees have rated Midland States Bancorp CEO Jeffrey Ludwig on Glassdoor.com. Jeffrey Ludwig has an approval rating of 94% among Midland States Bancorp's employees. This puts Jeffrey Ludwig in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Who are some of Midland States Bancorp's key competitors?

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 The 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 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.

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 investors include LSV Asset Management (2.22%), Strs Ohio (0.14%), Integrated Investment Consultants LLC (0.13%), The Manufacturers Life Insurance Company (0.06%), Avestar Capital LLC (0.05%) and Robeco Institutional Asset Management B.V. (0.02%). Company insiders that own Midland States Bancorp stock include Donald J Spring, Douglas J Tucker, Eric Lemke, Jeffrey A Brunoehler, Jeffrey G Ludwig, Jeffrey M Mcdonnell, Jeffrey S Mefford, Jerry L Mcdaniel, John M Schultz, Leon J Holschbach and Stephen A Erickson.
View institutional ownership trends for Midland States Bancorp
.

Which major investors are selling Midland States Bancorp stock?

MSBI stock was sold by a variety of institutional investors in the last quarter, including Strs Ohio, The Manufacturers Life Insurance Company , and Valeo Financial Advisors LLC. Company insiders that have sold Midland States Bancorp company stock in the last year include Donald J Spring, Douglas J Tucker, Eric Lemke, Jeffrey A Brunoehler, Jeffrey G Ludwig, and Jeffrey S Mefford.
View insider buying and selling activity for Midland States Bancorp
or view top insider-selling stocks.

Which major investors are buying Midland States Bancorp stock?

MSBI stock was purchased by a variety of institutional investors in the last quarter, including LSV Asset Management, Avestar Capital LLC, Integrated Investment Consultants LLC, Robeco Institutional Asset Management B.V., and US Bancorp DE. 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, and John M Schultz.
View insider buying and selling activity for Midland States Bancorp
or or view top insider-buying stocks.

How do I buy shares of 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 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 $28.67.

How much money does Midland States Bancorp make?

Midland States Bancorp has a market capitalization of $638.65 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.

How many employees does Midland States Bancorp have?

Midland States Bancorp employs 863 workers across the globe.

What is Midland States Bancorp's official website?

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

Where are Midland States Bancorp's headquarters?

Midland States Bancorp is headquartered at 1201 NETWORK CENTRE DRIVE, EFFINGHAM IL, 62401.

How can I contact Midland States Bancorp?

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]


This page was last updated on 5/6/2021 by MarketBeat.com Staff
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