Midland States Bancorp (NASDAQ:MSBI) Price Target Lowered to $21.00 at DA Davidson

Midland States Bancorp (NASDAQ:MSBI) had its price target cut by DA Davidson from $27.00 to $21.00 in a report released on Tuesday,Benzinga reports. They currently have a neutral rating on the financial services provider’s stock. DA Davidson also issued estimates for Midland States Bancorp’s Q1 2025 earnings at $0.52 EPS and FY2025 earnings at $2.25 EPS.

Several other research analysts have also recently issued reports on MSBI. Keefe, Bruyette & Woods cut their price objective on Midland States Bancorp from $28.00 to $23.00 and set a “market perform” rating for the company in a research report on Monday. Piper Sandler reduced their price objective on shares of Midland States Bancorp from $28.50 to $23.00 and set a “neutral” rating for the company in a research note on Tuesday. Finally, StockNews.com lowered shares of Midland States Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, January 24th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $23.50.

Midland States Bancorp Stock Up 0.7 %

Shares of NASDAQ:MSBI opened at $19.81 on Tuesday. Midland States Bancorp has a fifty-two week low of $18.75 and a fifty-two week high of $28.08. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.79. The firm’s 50-day simple moving average is $24.70 and its 200-day simple moving average is $23.83. The company has a market cap of $423.93 million, a price-to-earnings ratio of 8.58 and a beta of 0.76.

Midland States Bancorp (NASDAQ:MSBI) last announced its quarterly earnings data on Thursday, January 23rd. The financial services provider reported ($2.52) earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($3.19). Midland States Bancorp had a net margin of 12.13% and a return on equity of 8.90%. As a group, equities research analysts predict that Midland States Bancorp will post 2.16 earnings per share for the current year.

Midland States Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 18th were paid a $0.31 dividend. The ex-dividend date was Monday, November 18th. This represents a $1.24 dividend on an annualized basis and a yield of 6.26%. Midland States Bancorp’s payout ratio is 53.68%.

Hedge Funds Weigh In On Midland States Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Point72 DIFC Ltd purchased a new position in shares of Midland States Bancorp during the 3rd quarter worth approximately $31,000. R Squared Ltd purchased a new position in Midland States Bancorp during the fourth quarter worth $39,000. Point72 Asset Management L.P. acquired a new position in shares of Midland States Bancorp in the third quarter worth $45,000. Quantbot Technologies LP lifted its position in shares of Midland States Bancorp by 25.8% in the third quarter. Quantbot Technologies LP now owns 2,475 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 507 shares in the last quarter. Finally, US Bancorp DE boosted its stake in shares of Midland States Bancorp by 141.6% during the third quarter. US Bancorp DE now owns 3,803 shares of the financial services provider’s stock valued at $85,000 after acquiring an additional 2,229 shares during the last quarter. Institutional investors and hedge funds own 60.93% of the company’s stock.

About Midland States Bancorp

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.