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S&P 500   3,829.34
DOW   31,402.01
QQQ   312.83
S&P 500   3,829.34
DOW   31,402.01
QQQ   312.83
S&P 500   3,829.34
DOW   31,402.01
QQQ   312.83
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NASDAQ:MSBI

Midland States Bancorp Stock Forecast, Price & News

$24.35
+0.08 (+0.33 %)
(As of 02/25/2021 12:00 AM ET)
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Today's Range
$23.84
Now: $24.35
$24.71
50-Day Range
$18.39
MA: $20.29
$24.27
52-Week Range
$12.48
Now: $24.35
$25.69
Volume122,205 shs
Average Volume84,273 shs
Market Capitalization$547.19 million
P/E Ratio24.85
Dividend Yield4.61%
Beta1.06
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, Commercial FHA Origination and Servicing, and Other segments. The company accepts various deposits, such as checking, savings, money market, and sweep accounts, as well as certificates of deposit, noninterest-bearing and interest-bearing demand deposits, and time deposits. It also offers commercial lending products, including owner occupied commercial real estate, commercial real estate investment, real estate construction, and multifamily loans, as well as loans to purchase farmland and finance agricultural production; business term loans, equipment financing, and lines of credit; and consumer installment loans for purchase of cars, boats, and other recreational vehicles, as well as appliances and other home improvement projects. In addition, the company provides residential first and second mortgage loans; home equity lines of credit; and commercial mortgage loans for multifamily and healthcare facilities. Further, it offers commercial equipment leasing, merchant, and treasury management services. Additionally, the company provides 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, 2019, it operated 67 banking offices in 48 communities. The company was founded in 1881 and is headquartered in Effingham, Illinois.
Midland States Bancorp logo

Industry, Sector and Symbol

Industry State commercial banks
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:MSBI
CUSIPN/A
Phone217-342-7321
Employees1,100
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$324.80 million
Cash Flow$3.98 per share
Book Value$27.27 per share

Profitability

Net Income$55.78 million

Miscellaneous

Market Cap$547.19 million
Next Earnings Date4/22/2021 (Estimated)
OptionableNot Optionable

MarketRank

Overall MarketRank

1.89 out of 5 stars

Finance Sector

293rd out of 1,931 stocks

State Commercial Banks Industry

60th out of 308 stocks

Analyst Opinion: 1.2Community Rank: 1.6Dividend Strength: 3.3Insider Behavior: 0.8Valuation: 2.5 5 -4 -3 -2 -1 -
$24.35
+0.08 (+0.33 %)
(As of 02/25/2021 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Midland States Bancorp (NASDAQ:MSBI) Frequently Asked Questions

Is Midland States Bancorp a buy right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Midland States Bancorp in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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.
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 "Hold" 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, April 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) issued its earnings results on Friday, January, 29th. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.62 by $0.08. The financial services provider had revenue of $67.85 million for the quarter, compared to analysts' expectations 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
.

How has Midland States Bancorp's stock price been impacted by Coronavirus (COVID-19)?

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 stock has increased by 24.9% and is now trading at $24.35.
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 announced a quarterly dividend on Tuesday, February 2nd. Investors 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 dividend yield of 4.60%. The ex-dividend date 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
.

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 4.61%. 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.

What price target have analysts set for MSBI?

3 equities research analysts have issued 12-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 share price to reach $22.00 in the next twelve months. This suggests that the stock has a possible downside of 9.7%.
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 $981.52k)
  • Mr. Eric T. Lemke CPA, Chief Financial Officer (Age 52, Pay $224.37k)
  • Mr. Donald J. Spring, Chief Accounting Officer & Controller (Age 61, Pay $295.95k)
  • Mr. Douglas J. Tucker, Sr. VP, Corp. Counsel & Sec. (Age 62, Pay $509.61k)
  • Mr. Jeffrey S. Mefford, Exec. VP (Age 56, Pay $670.09k)
  • Mr. Aaron Rios, Director of Operations
  • Mr. Kyle Mooney, Chief Information Officer
  • Mr. John Dietrich, Director of Marketing
  • Mr. William Wierman, Sr. Credit Officer & Mang. of Retail and Bus. Banking
  • Mr. Danny L. Stevenson, North Sr. VP of 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 initial public offering (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 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
.

Which institutional investors are selling Midland States Bancorp stock?

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 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.

Which institutional investors are buying Midland States Bancorp stock?

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.

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 $24.35.

How much money does Midland States Bancorp make?

Midland States Bancorp has a market capitalization of $547.19 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 1,100 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 2/26/2021 by MarketBeat.com Staff

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