Midland States Bancorp Inc (NASDAQ:MSBI) announced a dividend on Thursday, November 7th, Fidelity reports. Stockholders of record on Monday, November 18th will be paid a dividend of 0.2425 per share by the financial services provider on Monday, November 25th. The ex-dividend date is Friday, November 15th.
Shares of MSBI stock opened at $28.04 on Friday. Midland States Bancorp has a 52-week low of $19.56 and a 52-week high of $28.24. The stock has a market cap of $678.57 million, a price-to-earnings ratio of 13.75 and a beta of 1.36. The firm’s 50-day moving average is $26.48 and its 200-day moving average is $26.16. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.04 and a current ratio of 1.05.
Midland States Bancorp (NASDAQ:MSBI) last announced its quarterly earnings results on Friday, October 25th. The financial services provider reported $0.51 EPS for the quarter, missing the Zacks’ consensus estimate of $0.64 by ($0.13). Midland States Bancorp had a net margin of 18.30% and a return on equity of 10.15%. The company had revenue of $69.06 million during the quarter. Sell-side analysts predict that Midland States Bancorp will post 2.49 EPS for the current fiscal year.
In related news, Director Jerry L. Mcdaniel sold 10,000 shares of the stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $26.86, for a total transaction of $268,600.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Leon J. Holschbach sold 1,992 shares of the stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $26.00, for a total transaction of $51,792.00. The disclosure for this sale can be found here. Insiders have sold a total of 45,251 shares of company stock worth $1,213,760 in the last quarter. 12.70% of the stock is currently owned by company insiders.
A number of brokerages have issued reports on MSBI. Zacks Investment Research lowered shares of Midland States Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday. BidaskClub upgraded shares of Midland States Bancorp from a “hold” rating to a “buy” rating in a research report on Friday. Finally, ValuEngine lowered shares of Midland States Bancorp from a “hold” rating to a “sell” rating in a research report on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $27.00.
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, Commercial FHA Origination and Servicing, Wealth Management, and Other segments.
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