Midland States Bancorp Stock Forecast, Price & News

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Midland States Bancorp in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Midland States Bancorp stock. 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.
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Midland States Bancorp is scheduled to release its next quarterly earnings announcement on Thursday, April 22nd 2021.
View our earnings forecast for Midland States Bancorp.

Midland States Bancorp, Inc. (NASDAQ:MSBI) released its earnings results on Friday, January, 29th. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.62 by $0.08. The financial services provider had revenue of $67.85 million for the quarter, compared to the consensus estimate of $69.30 million. Midland States Bancorp had a net margin of 7.65% and a trailing twelve-month return on equity of 6.36%.
View Midland States Bancorp's earnings history.

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. Since then, MSBI shares have increased by 46.9% and is now trading at $28.65.
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Midland States Bancorp announced a quarterly dividend on Tuesday, February 2nd. Investors of record on Friday, February 12th will be paid a dividend of $0.28 per share on Friday, February 19th. This represents a $1.12 annualized dividend and a dividend yield of 3.91%. The ex-dividend date of this dividend is Thursday, February 11th. This is an increase from Midland States Bancorp's previous quarterly dividend of $0.27.
View Midland States Bancorp's dividend history.

Midland States Bancorp pays an annual dividend of $1.12 per share and currently has a dividend yield of 4.06%. MSBI has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 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.

3 brokers have issued 1 year price objectives for Midland States Bancorp's stock. Their forecasts range from $16.00 to $28.00. On average, they anticipate Midland States Bancorp's share price to reach $22.00 in the next twelve months. This suggests that the stock has a possible downside of 23.2%.
View analysts' price targets for Midland States Bancorp or view top-rated stocks among Wall Street analysts.

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.

Some companies that are related to Midland States Bancorp include First BanCorp. (FBP), Silvergate Capital (SI), Renasant (RNST), TowneBank (TOWN), Live Oak Bancshares (LOB), Heartland Financial USA (HTLF), FB Financial (FBK), Seacoast Banking Co. of Florida (SBCF), Triumph Bancorp (TBK), Banner (BANR), Lakeland Financial (LKFN), Great Western Bancorp (GWB), Eagle Bancorp (EGBN), Veritex (VBTX) and Enterprise Financial Services (EFSC).
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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).

(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) acted 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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.77%), Dimensional Fund Advisors LP (4.60%), Bessemer Group Inc. (1.83%), Wells Fargo & Company MN (1.22%), Northern Trust Corp (1.05%) and Bank of New York Mellon Corp (0.85%). Company insiders that own Midland States Bancorp stock include Donald J Spring, Douglas J Tucker, Jeffrey A Brunoehler, Jeffrey G Ludwig, Jeffrey M Mcdonnell, Jeffrey S Mefford, Jerry L Mcdaniel, John M Schultz, Leon J Holschbach, R Robert Funderburg, Jr 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 Bessemer Group Inc., Wells Fargo & Company MN, GSA Capital Partners LLP, Trexquant Investment LP, State of Wisconsin Investment Board, Northern Trust Corp, Barclays PLC, and Alliancebernstein L.P.. Company insiders that have sold Midland States Bancorp company stock in the last year include Donald J Spring, Douglas J Tucker, Jeffrey G Ludwig, and Jeffrey S Mefford.
View insider buying and selling activity for Midland States Bancorp or view top insider-selling stocks.

MSBI stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., JPMorgan Chase & Co., Bank of New York Mellon Corp, QS Investors LLC, Sei Investments Co., Principal Financial Group Inc., Citigroup Inc., and Nuveen Asset Management LLC. 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.

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.
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One share of MSBI stock can currently be purchased for approximately $28.65.

Midland States Bancorp has a market capitalization of $638.21 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 is headquartered at 1201 NETWORK CENTRE DRIVE, EFFINGHAM IL, 62401.

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]