NASDAQ:MSBIMidland States Bancorp Stock Price, Forecast & News

$16.05

+0.20 (+1.26 %)

(As of 06/5/2020 04:00 PM ET)

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Today's Range

$15.46

Now: $16.05▼

$16.34

50-Day Range

$13.43

MA: $15.10▼

$17.49

52-Week Range

$12.49

Now: $16.05▼

$29.50

Volume98,100 shs

Average Volume115,581 shs

Market Capitalization$372.41 million

P/E Ratio9.85

Dividend Yield6.67%

Beta1.11

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, Commercial FHA Origination and Servicing, Wealth Management, 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. Its loan portfolio include commercial lending products consisting of 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; consumer installment loans for purchase cars, boats, other recreational vehicles, and appliances, as well as other home improvement projects; and residential first and second mortgage loans, and home equity lines of credit. The company also originates residential mortgage loans; and commercial mortgage loans for multifamily and healthcare facilities. In addition, it 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. Further, the company offers commercial equipment leasing and merchant services. As of December 31, 2018, it operated 69 banking offices in 48 communities within its market areas, such as Illinois and the St. Louis metropolitan areas. The company was founded in 1881 and is headquartered in Effingham, Illinois.

Beat the Market (BTM) Rank^™

3.0 Analyst's Opinion

Consensus Rating
Midland States Bancorp has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $22.00, Midland States Bancorp has a potential upside of 37.1% from its current price of $16.05.
Amount of Analyst Coverage
Midland States Bancorp has only been the subject of 2 research reports in the past 90 days.

1.6 Community Rank

Outperform Votes
Midland States Bancorp has received 153 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Midland States Bancorp has received 322 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Midland States Bancorp has received 67.79% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Midland States Bancorp and other stocks. Vote “Outperform” if you believe MSBI will outperform the S&P 500 over the long term. Vote “Underperform” if you believe MSBI will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Leadership
Midland States Bancorp is a leading dividend payer. It pays a dividend yield of 6.67%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Midland States Bancorp has only been increasing its dividend for 3 years.
Dividend Coverage
The dividend payout ratio of Midland States Bancorp is 47.35 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Midland States Bancorp will have a dividend payout ratio of 64.46 % next year. This indicates that Midland States Bancorp will be able to sustain or increase its dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Midland States Bancorp insiders have bought more of their company's stock than they have sold. Specifically, they have bought $297,336.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 7.90% of the stock of Midland States Bancorp is held by insiders.
Percentage Held by Institutions
52.40% of the stock of Midland States Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5 Earnings and Valuation

Earnings Growth
Earnings for Midland States Bancorp are expected to grow by 6.41% in the coming year, from $1.56 to $1.66 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Midland States Bancorp is 9.85, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.35.
Price to Earnings Ratio vs. Sector
The P/E ratio of Midland States Bancorp is 9.85, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 20.54.
Price to Book Value per Share Ratio
Midland States Bancorp has a P/B Ratio of 0.59. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.89 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry State commercial banks

Sub-IndustryN/A

SectorFinance

Current SymbolNASDAQ:MSBI

Previous Symbol

CUSIPN/A

CIK1466026

Webwww.midlandsb.com

Phone217-342-7321

Debt

Debt-to-Equity Ratio1.31

Current Ratio1.05

Quick Ratio1.02

Price-To-Earnings

Trailing P/E Ratio9.85

Forward P/E Ratio10.29

P/E GrowthN/A

Sales & Book Value

Annual Sales$324.80 million

Price / Sales1.15

Cash Flow$3.30 per share

Price / Cash Flow4.87

Book Value$27.27 per share

Price / Book0.59

Profitability

EPS (Most Recent Fiscal Year)$2.26

Net Income$55.78 million

Net Margins12.65%

Return on Equity7.45%

Return on Assets0.80%

Miscellaneous

Employees1,100

Outstanding Shares23,203,000

Market Cap$372.41 million

Next Earnings Date7/23/2020 (Estimated)

OptionableNot Optionable

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Midland States Bancorp (NASDAQ:MSBI) Frequently Asked Questions

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

Midland States Bancorp's stock was trading at $19.50 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, MSBI shares have decreased by 17.7% and is now trading at $16.05. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Midland States Bancorp?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Midland States Bancorp in the last year. There are currently 3 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Midland States Bancorp.

When is Midland States Bancorp's next earnings date?

Midland States Bancorp is scheduled to release its next quarterly earnings announcement on Thursday, July 23rd 2020. 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 Thursday, April, 23rd. The financial services provider reported $0.06 EPS for the quarter, missing the Zacks' consensus estimate of $0.55 by $0.49. The financial services provider had revenue of $55.25 million for the quarter, compared to analyst estimates of $65.76 million. Midland States Bancorp had a net margin of 12.65% and a return on equity of 7.45%. View Midland States Bancorp's earnings history.

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, May 5th. Investors of record on Friday, May 15th will be given a dividend of $0.268 per share on Friday, May 22nd. This represents a $1.07 dividend on an annualized basis and a yield of 6.68%. The ex-dividend date of this dividend is Thursday, May 14th. View Midland States Bancorp's dividend history.

What price target have analysts set for MSBI?

3 brokers have issued twelve-month price objectives for Midland States Bancorp's shares. Their forecasts range from $22.00 to $22.00. On average, they anticipate Midland States Bancorp's share price to reach $22.00 in the next twelve months. This suggests a possible upside of 37.1% from the stock's current price. View analysts' price targets for Midland States Bancorp.

Has Midland States Bancorp been receiving favorable news coverage?

News coverage about MSBI stock has trended very negative recently, according to InfoTrie. The research group identifies positive and negative media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Midland States Bancorp earned a news impact score of -3.0 on InfoTrie's scale. They also assigned press coverage about the financial services provider a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the near term. View the latest news aboutMidland States Bancorp.

Are investors shorting Midland States Bancorp?

Midland States Bancorp saw a increase in short interest in April. As of April 30th, there was short interest totaling 643,300 shares, an increase of 41.8% from the April 15th total of 453,600 shares. Based on an average trading volume of 116,000 shares, the days-to-cover ratio is currently 5.5 days. Currently, 2.9% of the company's shares are sold short. View Midland States Bancorp's Current Options Chain.

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

Some companies that are related to Midland States Bancorp include Texas Capital Bancshares (TCBI), Renasant (RNST), TowneBank (TOWN), Banner (BANR), Pacific Premier Bancorp (PPBI), First Bancorp (FBP), Heartland Financial USA (HTLF), Seacoast Banking Co. of Florida (SBCF), Lakeland Financial (LKFN), Eagle Bancorp (EGBN), First Busey (BUSE), Southside Bancshares (SBSI), Veritex (VBTX), S & T Bancorp (STBA) and Enterprise Financial Services (EFSC). View all 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 AbbVie (ABBV), Exxon Mobil (XOM), Walgreens Boots Alliance (WBA), CVS Health (CVS), Dominion Energy (D), Eastman Chemical (EMN), Alphabet (GOOG), Netflix (NFLX), Pattern Energy Group (PEGI) and AT&T (T).

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 & Director (Age 47)
Mr. Stephen A. Erickson, Chief Financial Officer (Age 49)
Mr. Douglas J. Tucker, Sr. VP, Corp. Counsel & Sec. (Age 60)
Mr. Jeffrey S. Mefford, Exec. VP (Age 54)
Mr. Aaron Rios, Director of Operations

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) acted 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 many different institutional and retail investors. Top institutional investors include BlackRock Inc. (6.72%), State Street Corp (2.59%), Wells Fargo & Company MN (1.50%), Geode Capital Management LLC (1.34%), Bank of New York Mellon Corp (0.80%) and Parametric Portfolio Associates LLC (0.49%). Company insiders that own Midland States Bancorp stock include 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, Sharon A Schaubert 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 Nuveen Asset Management LLC, Morgan Stanley, Bank of New York Mellon Corp, WINTON GROUP Ltd, UBS Group AG, First Trust Advisors LP, Deutsche Bank AG, and Valeo Financial Advisors LLC. Company insiders that have sold Midland States Bancorp company stock in the last year include Douglas J Tucker, Jeffrey A Brunoehler, Jerry L Mcdaniel, Leon J Holschbach, and Stephen A Erickson. View insider buying and selling activity for Midland States Bancorp.

Which institutional investors are buying Midland States Bancorp stock?

MSBI stock was acquired by a variety of institutional investors in the last quarter, including Parametric Portfolio Associates LLC, Busey Wealth Management, State Street Corp, Martingale Asset Management L P, BlackRock Inc., Geode Capital Management LLC, Russell Investments Group Ltd., and Bessemer Group Inc.. Company insiders that have bought Midland States Bancorp stock in the last two years include 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.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Midland States Bancorp's stock price today?

One share of MSBI stock can currently be purchased for approximately $16.05.

How big of a company is Midland States Bancorp?

Midland States Bancorp has a market capitalization of $372.41 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.

What is Midland States Bancorp's official website?

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

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 6/5/2020 by MarketBeat.com Staff