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NASDAQ:MSBI

Midland States Bancorp Stock Forecast, Price & News

$17.56
+0.26 (+1.50 %)
(As of 12/2/2020 12:00 AM ET)
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Compare
Today's Range
$17.03
Now: $17.56▼
$17.62
50-Day Range
$14.01
MA: $16.02▼
$18.99
52-Week Range
$12.48
Now: $17.56▼
$29.50
Volume45,335 shs
Average Volume115,180 shs
Market Capitalization$394.61 million
P/E Ratio17.92
Dividend Yield6.18%
Beta1
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

Beat the Market (BTM) Rank™

Analyst Opinion: 1.0Community Rank: 1.6Dividend Strength: 3.3Insider Behavior: 0.8Valuation: 3.1 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

1.98 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
Employees1,100

Debt

Debt-to-Equity Ratio1.47
Current Ratio1.07
Quick Ratio1.06

Price-To-Earnings

Trailing P/E Ratio17.92
Forward P/E Ratio9.49
P/E GrowthN/A

Sales & Book Value

Annual Sales$324.80 million
Price / Sales1.21
Cash Flow$3.10 per share
Price / Cash Flow5.66
Book Value$27.67 per share
Price / Book0.63

Profitability

EPS (Most Recent Fiscal Year)$2.26
Net Income$55.78 million
Net Margins7.65%
Return on Equity6.36%
Return on Assets0.63%

Miscellaneous

Outstanding Shares22,472,000
Market Cap$394.61 million
Next Earnings Date1/28/2021 (Estimated)
OptionableNot Optionable
$17.56
+0.26 (+1.50 %)
(As of 12/2/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Midland States Bancorp (NASDAQ:MSBI) Frequently Asked Questions

How has Midland States Bancorp's stock 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 shares have decreased by 9.9% and is now trading at $17.56.
View which stocks have been most impacted by COVID-19.

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

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."
View analyst ratings for Midland States Bancorp or view MarketBeat's top 5 stock picks.

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 winning trading ideas this year 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, January 28th 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 Thursday, October, 22nd. The financial services provider reported $0.37 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.30 by $0.07. The financial services provider earned $68.90 million during the quarter, compared to analysts' expectations of $67.40 million. Midland States Bancorp had a net margin of 7.65% and a return on equity of 6.36%.
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 announced a quarterly dividend on Thursday, November 5th. Stockholders of record on Friday, November 20th will be given a dividend of $0.268 per share on Monday, November 30th. This represents a $1.07 dividend on an annualized basis and a dividend yield of 6.10%. The ex-dividend date is Thursday, November 19th.
View Midland States Bancorp's dividend history.

What price target have analysts set for MSBI?

4 equities research analysts have issued 12 month 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 twelve months. This suggests a possible upside of 8.2% from the stock's current price.
View analysts' price targets for Midland States Bancorp.

Are investors shorting Midland States Bancorp?

Midland States Bancorp saw a decrease in short interest in the month of November. As of November 15th, there was short interest totaling 539,200 shares, a decrease of 12.3% from the October 31st total of 614,500 shares. Based on an average trading volume of 111,600 shares, the short-interest ratio is presently 4.8 days. Approximately 2.7% of the shares of the stock are short sold.
View Midland States Bancorp's Short Interest.

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

Some companies that are related to Midland States Bancorp include FB Financial (FBK), Heartland Financial USA (HTLF), Seacoast Banking Co. of Florida (SBCF), Banner (BANR), Lakeland Financial (LKFN), Eagle Bancorp (EGBN), Triumph Bancorp (TBK), Veritex (VBTX), First Busey (BUSE), TriCo Bancshares (TCBK), Southside Bancshares (SBSI), Tompkins Financial (TMP), Great Western Bancorp (GWB), 1st Source (SRCE) and Stock Yards Bancorp (SYBT).
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 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).

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 48, Pay $981.52k)
  • Mr. Eric T. Lemke CPA, Chief Financial Officer (Age 51, Pay $224.37k)
  • Mr. Donald J. Spring, Chief Accounting Officer & Controller (Age 60, Pay $295.95k)
  • Mr. Douglas J. Tucker, Sr. VP, Corp. Counsel & Sec. (Age 61, Pay $509.61k)
  • Mr. Jeffrey S. Mefford, Exec. VP (Age 55, 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

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 $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 retail and institutional investors. Top institutional investors include BlackRock Inc. (7.73%), Busey Wealth Management (3.35%), State Street Corp (2.33%), LSV Asset Management (1.69%), Wells Fargo & Company MN (1.37%) and Arrowstreet Capital Limited Partnership (0.82%). 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, R Robert Funderburg, Jr, Robert F Schultz 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 State Street Corp, WINTON GROUP Ltd, Wells Fargo & Company MN, Morgan Stanley, Federated Hermes Inc., Ridgewood Investments LLC, and O Shaughnessy Asset Management LLC. Company insiders that have sold Midland States Bancorp company stock in the last year include Douglas J Tucker, Jeffrey G Ludwig, Jeffrey S Mefford, Jerry L Mcdaniel, and Leon J Holschbach.
View insider buying and selling activity for Midland States Bancorp.

Which major investors are buying Midland States Bancorp stock?

MSBI stock was bought by a variety of institutional investors in the last quarter, including Busey Wealth Management, LSV Asset Management, Arrowstreet Capital Limited Partnership, BlackRock Inc., Thrivent Financial for Lutherans, GSA Capital Partners LLP, Aperio Group LLC, and Trexquant Investment LP. 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.

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 $17.56.

How big of a company is Midland States Bancorp?

Midland States Bancorp has a market capitalization of $394.61 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 12/3/2020 by MarketBeat.com Staff
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