Midland States Bancorp, Inc. (MSBI) To Go Ex-Dividend on February 14th

Midland States Bancorp, Inc. (NASDAQ:MSBI) announced a quarterly dividend on Tuesday, February 4th,Wall Street Journal reports. Stockholders of record on Friday, February 14th will be given a dividend of 0.31 per share by the financial services provider on Friday, February 21st. This represents a $1.24 annualized dividend and a dividend yield of 6.19%. The ex-dividend date of this dividend is Friday, February 14th.

Midland States Bancorp has increased its dividend payment by an average of 3.5% per year over the last three years. Midland States Bancorp has a dividend payout ratio of 45.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Midland States Bancorp to earn $2.81 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 44.1%.

Midland States Bancorp Stock Performance

NASDAQ MSBI opened at $20.02 on Wednesday. The business’s 50 day moving average is $23.62 and its two-hundred day moving average is $23.52. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.79. Midland States Bancorp has a 12-month low of $18.55 and a 12-month high of $28.08.

Midland States Bancorp (NASDAQ:MSBI) last posted its earnings results on Thursday, January 23rd. The financial services provider reported ($2.52) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($3.19). Midland States Bancorp had a negative net margin of 2.74% and a negative return on equity of 1.95%. As a group, analysts expect that Midland States Bancorp will post 2.53 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MSBI has been the subject of a number of research analyst reports. DA Davidson dropped their price objective on Midland States Bancorp from $27.00 to $21.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. Piper Sandler cut their target price on shares of Midland States Bancorp from $28.50 to $23.00 and set a “neutral” rating on the stock in a report on Tuesday, January 28th. Keefe, Bruyette & Woods dropped their price target on shares of Midland States Bancorp from $28.00 to $23.00 and set a “market perform” rating on the stock in a research note on Monday, January 27th. Finally, StockNews.com lowered shares of Midland States Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, January 24th. Five analysts have rated the stock with a hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $23.50.

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.