Midland States Bancorp Stock Forecast, Price & News

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Midland States Bancorp in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" Midland States Bancorp stock.
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Midland States Bancorp is scheduled to release its next quarterly earnings announcement on Thursday, October 28th 2021.
View our earnings forecast for Midland States Bancorp.

Midland States Bancorp, Inc. (NASDAQ:MSBI) posted its quarterly earnings results on Wednesday, July, 21st. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $1.06 by $0.47. Midland States Bancorp had a trailing twelve-month return on equity of 10.03% and a net margin of 15.31%.
View Midland States Bancorp's earnings history.

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 stock has increased by 24.9% and is now trading at $24.35.
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Midland States Bancorp declared a quarterly dividend on Tuesday, May 4th. Stockholders of record on Friday, May 14th will be paid a dividend of $0.28 per share on Friday, May 21st. This represents a $1.12 dividend on an annualized basis and a yield of 4.60%. The ex-dividend date is Thursday, May 13th.
View Midland States Bancorp's dividend history.

Midland States Bancorp pays an annual dividend of $1.12 per share and currently has a dividend yield of 4.56%. 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 strong track record of dividend growth. The dividend payout ratio of Midland States Bancorp is 65.12%. 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 36.48% next year. This indicates that Midland States Bancorp will be able to sustain or increase its dividend.
View Midland States Bancorp's dividend history.

2 equities research analysts have issued 1-year target prices for Midland States Bancorp's shares. Their forecasts range from $16.00 to $28.00. On average, they expect Midland States Bancorp's stock price to reach $22.00 in the next twelve months. This suggests that the stock has a possible downside of 9.7%.
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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.

Some companies that are related to Midland States Bancorp include TowneBank (TOWN), Renasant (RNST), Heartland Financial USA (HTLF), Triumph Bancorp (TBK), Banner (BANR), FB Financial (FBK), Eagle Bancorp (EGBN), Seacoast Banking Co. of Florida (SBCF), Great Western Bancorp (GWB), Veritex (VBTX), Lakeland Financial (LKFN), Enterprise Financial Services (EFSC), First Busey (BUSE), Customers Bancorp (CUBI) and Boston Private Financial (BPFH).
View all of MSBI's competitors.

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).

(MSBI) raised $101 million in an initial public offering 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.

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

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.
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One share of MSBI stock can currently be purchased for approximately $24.35.

Midland States Bancorp has a market capitalization of $544.59 million and generates $306.14 million in revenue each year. The financial services provider earns $22.54 million in net income (profit) each year or $1.72 on an earnings per share basis.

Midland States Bancorp employs 901 workers across the globe.

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

Midland States Bancorp is headquartered at 1201 NETWORK CENTRE DRIVE, EFFINGHAM IL, 62401.

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]