Midland States Bancorp (MSBI) Projected to Post Earnings on Thursday

Midland States Bancorp (NASDAQ:MSBI) is projected to post its Q1 2025 quarterly earnings results after the market closes on Thursday, July 24th. Analysts expect Midland States Bancorp to post earnings of $0.63 per share and revenue of $75.76 million for the quarter.

Midland States Bancorp (NASDAQ:MSBI) last posted its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.05. Midland States Bancorp had a negative return on equity of 1.89% and a negative net margin of 2.59%. The company had revenue of $76.16 million for the quarter, compared to analyst estimates of $72.93 million. On average, analysts expect Midland States Bancorp to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Midland States Bancorp Stock Up 2.0%

MSBI stock opened at $18.56 on Thursday. The company has a current ratio of 0.86, a quick ratio of 0.81 and a debt-to-equity ratio of 0.64. Midland States Bancorp has a twelve month low of $14.79 and a twelve month high of $28.08. The company’s 50 day moving average is $17.54 and its two-hundred day moving average is $18.61. The stock has a market cap of $399.23 million, a P/E ratio of -18.38 and a beta of 0.74.

Midland States Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Friday, May 16th were issued a dividend of $0.31 per share. The ex-dividend date was Friday, May 16th. This represents a $1.24 dividend on an annualized basis and a yield of 6.68%. Midland States Bancorp’s payout ratio is currently -122.77%.

Hedge Funds Weigh In On Midland States Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the company. Jane Street Group LLC acquired a new position in Midland States Bancorp during the first quarter worth $354,000. Empowered Funds LLC grew its holdings in Midland States Bancorp by 3.5% during the first quarter. Empowered Funds LLC now owns 58,504 shares of the financial services provider’s stock worth $1,002,000 after acquiring an additional 2,004 shares during the period. Finally, Amundi grew its holdings in Midland States Bancorp by 39.4% during the first quarter. Amundi now owns 2,194 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 620 shares during the period. 60.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MSBI has been the topic of several research analyst reports. Piper Sandler reaffirmed a “neutral” rating and set a $21.00 price target (up previously from $18.00) on shares of Midland States Bancorp in a research report on Friday, July 11th. Keefe, Bruyette & Woods cut their price target on Midland States Bancorp from $21.00 to $20.00 and set a “market perform” rating on the stock in a research report on Friday, May 2nd. Finally, Wall Street Zen lowered Midland States Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, May 20th.

Midland States Bancorp Company Profile

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, and Other segments. The company provides a range of financial products and services to consumers and businesses, including commercial loans to finance agricultural equipment and production; and commercial real estate loans for owner occupied offices, warehouses and production facilities, office buildings, hotels, mixed-use residential and commercial facilities, retail centers, multifamily properties, and assisted living facilities.