Midland States Bancorp - MSBI Stock Forecast, Price & News

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Midland States Bancorp in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" MSBI shares. 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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2 equities research analysts have issued twelve-month target prices for Midland States Bancorp's shares. Their MSBI share price forecasts range from $27.00 to $31.00. On average, they predict the company's share price to reach $29.00 in the next year. This suggests a possible upside of 8.5% from the stock's current price.
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Midland States Bancorp's stock was trading at $24.79 at the beginning of the year. Since then, MSBI shares have increased by 7.8% and is now trading at $26.73.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, January 26th 2023.
View our MSBI earnings forecast.

Midland States Bancorp, Inc. (NASDAQ:MSBI) announced its quarterly earnings data on Thursday, October, 20th. The financial services provider reported $1.04 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.03. The financial services provider earned $79.85 million during the quarter, compared to analysts' expectations of $78.85 million. Midland States Bancorp had a net margin of 26.21% and a trailing twelve-month return on equity of 14.30%.

Midland States Bancorp declared a quarterly dividend on Monday, October 31st. Stockholders of record on Monday, November 14th will be paid a dividend of $0.29 per share on Monday, November 21st. This represents a $1.16 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date is Thursday, November 10th.
Read our dividend analysis for MSBI.

Midland States Bancorp (NASDAQ:MSBI) pays an annual dividend of $1.16 per share and currently has a dividend yield of 4.25%. MSBI has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 6 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 29.37%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MSBI will have a dividend payout ratio of 31.87% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MSBI.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other Midland States Bancorp investors own include 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 (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.

Midland States Bancorp trades on the NASDAQ under the ticker symbol "MSBI."

Midland States Bancorp's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (12.47%), Dimensional Fund Advisors LP (5.52%), Vanguard Group Inc. (4.87%), State Street Corp (2.94%), LSV Asset Management (2.42%) and Boston Partners (1.46%). Insiders that own company stock include Donald J Spring, Douglas J Tucker, Eric Lemke, Jeffrey A Brunoehler, Jeffrey C Smith, Jeffrey G Ludwig, Jeffrey M Mcdonnell, Jeffrey S Mefford, Jerry L Mcdaniel, John M Schultz and Leon J Holschbach.
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Shares of MSBI stock 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 $26.73.

Midland States Bancorp (NASDAQ:MSBI) has a market capitalization of $592.07 million and generates $307.72 million in revenue each year. The financial services provider earns $81.32 million in net income (profit) each year or $3.95 on an earnings per share basis.

The company employs 864 workers across the globe.

Midland States Bancorp's mailing address is 1201 NETWORK CENTRE DRIVE, EFFINGHAM IL, 62401. The official website for the company is www.midlandsb.com. The financial services provider can be reached via phone at (217) 342-7321, via email at dtucker@midlandsb.com, or via fax at 217-342-9449.