Midland States Bancorp (NASDAQ:MSBI) will release its earnings data after the market closes on Thursday, April 25th. Analysts expect Midland States Bancorp to post earnings of $0.67 per share for the quarter.
Midland States Bancorp (NASDAQ:MSBI) last announced its quarterly earnings results on Thursday, January 24th. The financial services provider reported $0.67 EPS for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.03. Midland States Bancorp had a return on equity of 9.76% and a net margin of 13.33%. The firm had revenue of $69.71 million for the quarter, compared to analyst estimates of $64.50 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.
Shares of MSBI stock opened at $26.03 on Tuesday. Midland States Bancorp has a 12 month low of $19.56 and a 12 month high of $36.06. The stock has a market cap of $641.77 million, a PE ratio of 12.76, a PEG ratio of 1.38 and a beta of 1.33. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.29.
In other news, CFO Stephen A. Erickson sold 2,110 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $25.25, for a total transaction of $53,277.50. Following the completion of the transaction, the chief financial officer now directly owns 13,063 shares in the company, valued at $329,840.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Stephen A. Erickson sold 3,308 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $24.55, for a total value of $81,211.40. Following the transaction, the chief financial officer now owns 14,261 shares of the company’s stock, valued at $350,107.55. The disclosure for this sale can be found here. Insiders have sold 88,614 shares of company stock valued at $2,199,539 over the last 90 days. 12.70% of the stock is owned by corporate insiders.
A number of brokerages have recently commented on MSBI. ValuEngine raised Midland States Bancorp from a “strong sell” rating to a “sell” rating in a research note on Thursday, April 18th. BidaskClub raised Midland States Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, April 13th. Finally, Zacks Investment Research lowered Midland States Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th.
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, Commercial FHA Origination and Servicing, Wealth Management, and Other segments.
Further Reading: Gross Domestic Product (GDP)
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