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NASDAQ:MSBI

Midland States Bancorp Stock Forecast, Price & News

$14.12
-0.21 (-1.47 %)
(As of 09/18/2020 04:30 PM ET)
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Today's Range
$14.02
Now: $14.12▼
$14.45
50-Day Range
$14.08
MA: $14.67▼
$15.70
52-Week Range
$12.49
Now: $14.12▼
$29.50
Volume405,008 shs
Average Volume119,315 shs
Market Capitalization$319.79 million
P/E Ratio9.48
Dividend Yield7.47%
Beta1.05
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.
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Midland States Bancorp logo

Beat the Market (BTM) Rank™

Analyst Opinion: 3.0Community Rank: 1.6Dividend Strength: 3.3Insider Behavior: 4.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

2.76 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 Ratio1.46
Current Ratio1.07
Quick Ratio1.06

Price-To-Earnings

Trailing P/E Ratio9.48
Forward P/E Ratio7.39
P/E GrowthN/A

Sales & Book Value

Annual Sales$324.80 million
Price / Sales0.98
Cash Flow$3.21 per share
Price / Cash Flow4.40
Book Value$27.27 per share
Price / Book0.52

Profitability

EPS (Most Recent Fiscal Year)$2.26
Net Income$55.78 million
Net Margins11.47%
Return on Equity6.96%
Return on Assets0.72%

Miscellaneous

Employees1,100
Outstanding Shares22,648,000
Market Cap$319.79 million
Next Earnings Date10/22/2020 (Estimated)
OptionableNot Optionable
$14.12
-0.21 (-1.47 %)
(As of 09/18/2020 04:30 PM 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 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 (WHO). Since then, MSBI shares have decreased by 27.6% and is now trading at $14.12.
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.

When is Midland States Bancorp's next earnings date?

Midland States Bancorp is scheduled to release its next quarterly earnings announcement on Thursday, October 22nd 2020.
View our earnings forecast for Midland States Bancorp.

How were Midland States Bancorp's earnings last quarter?

Midland States Bancorp Inc (NASDAQ:MSBI) posted its quarterly earnings data on Friday, July, 24th. The financial services provider reported $0.55 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.27 by $0.28. The financial services provider had revenue of $68.39 million for the quarter, compared to analyst estimates of $62.30 million. Midland States Bancorp had a return on equity of 6.96% and a net margin of 11.47%.
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 Tuesday, August 4th. Stockholders of record on Friday, August 14th will be paid a dividend of $0.268 per share on Friday, August 21st. This represents a $1.07 dividend on an annualized basis and a dividend yield of 7.59%. The ex-dividend date is Thursday, August 13th.
View Midland States Bancorp's dividend history.

What price target have analysts set for MSBI?

4 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 share price to reach $19.00 in the next twelve months. This suggests a possible upside of 34.6% 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 increase in short interest in August. As of August 14th, there was short interest totaling 759,200 shares, an increase of 12.7% from the July 30th total of 673,700 shares. Based on an average daily trading volume, of 128,900 shares, the short-interest ratio is presently 5.9 days. Approximately 3.7% 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 TowneBank (TOWN), First Bancorp (FBP), Heartland Financial USA (HTLF), Banner (BANR), Lakeland Financial (LKFN), Seacoast Banking Co. of Florida (SBCF), Live Oak Bancshares (LOB), First Busey (BUSE), Eagle Bancorp (EGBN), Stock Yards Bancorp (SYBT), FB Financial (FBK), Veritex (VBTX), Southside Bancshares (SBSI), Oritani Financial (ORIT) and 1st Source (SRCE).
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 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 & 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 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 many different institutional and retail investors. Top institutional shareholders include FMR LLC (3.58%), Bessemer Group Inc. (1.78%), Bank of America Corp DE (1.14%), LSV Asset Management (0.96%), State of Wisconsin Investment Board (0.76%) and Charles Schwab Investment Management Inc. (0.60%). Company insiders that own Midland States Bancorp stock include Donald J Spring, 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 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 Burt Wealth Advisors, FMR LLC, AQR Capital Management LLC, Russell Investments Group Ltd., Prudential Financial Inc., Nuveen Asset Management LLC, First Trust Advisors LP, and Ridgewood Investments LLC. Company insiders that have sold Midland States Bancorp company stock in the last year include Douglas J Tucker, 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 Bessemer Group Inc., Goldman Sachs Group Inc., State of Wisconsin Investment Board, Trexquant Investment LP, Assenagon Asset Management S.A., Jacobs Levy Equity Management Inc., Tudor Investment Corp Et Al, and California Public Employees Retirement System. 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 $14.12.

How big of a company is Midland States Bancorp?

Midland States Bancorp has a market capitalization of $319.79 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 9/18/2020 by MarketBeat.com Staff
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