Nothing seems to bother Midland States Bancorp (NASDAQ:MSBI)

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Earnings results for Midland States Bancorp (NASDAQ:MSBI)

Midland States Bancorp, Inc. is expected* to report earnings on 10/22/2020 after market close. The report will be for the fiscal Quarter ending Sep 2020. According to Zacks Investment Research, based on 3 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.21. The reported EPS for the same quarter last year was $0.66.

Midland States Bancorp last announced its quarterly earnings data on July 24th, 2020. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.28. The firm earned $68.39 million during the quarter, compared to analysts’ expectations of $62.30 million. Midland States Bancorp has generated $2.26 earnings per share over the last year and currently has a price-to-earnings ratio of 9.6. Midland States Bancorp has confirmed that its next quarterly earnings report will be published on Thursday, October 22nd, 2020.

Analyst Opinion on Midland States Bancorp (NASDAQ:MSBI)

4 Wall Street analysts have issued ratings and price targets for Midland States Bancorp in the last 12 months. Their average twelve-month price target is $19.00, predicting that the stock has a possible upside of 32.40%. The high price target for MSBI is $22.00 and the low price target for MSBI is $16.00. There are currently 4 hold ratings for the stock, resulting in a consensus rating of “Hold.”

Midland States Bancorp has received a consensus rating of Hold. The company’s average rating score is 2.00, and is based on no buy ratings, 4 hold ratings, and no sell ratings. According to analysts’ consensus price target of $19.00, Midland States Bancorp has a forecasted upside of 32.4% from its current price of $14.35. Midland States Bancorp has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: Midland States Bancorp (NASDAQ:MSBI)

Midland States Bancorp is a leading dividend payer. It pays a dividend yield of 7.57%, putting its dividend yield in the top 25% of dividend-paying stocks. Midland States Bancorp has only been increasing its dividend for 1 years. The dividend payout ratio of Midland States Bancorp is 47.35%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Midland States Bancorp will have a dividend payout ratio of 62.21% next year. This indicates that Midland States Bancorp will be able to sustain or increase its dividend.

Insiders buying/selling: Midland States Bancorp (NASDAQ:MSBI)

In the past three months, Midland States Bancorp insiders have bought more of their company’s stock than they have sold. Specifically, they have bought $10,683.00 in company stock and sold $0.00 in company stock. Only 7.90% of the stock of Midland States Bancorp is held by insiders. 54.75% of the stock of Midland States Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Midland States Bancorp (NASDAQ:MSBI

Earnings for Midland States Bancorp are expected to grow by 2.38% in the coming year, from $1.68 to $1.72 per share. The P/E ratio of Midland States Bancorp is 9.63, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 19.48. The P/E ratio of Midland States Bancorp is 9.63, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 18.17. Midland States Bancorp has a P/B Ratio of 0.53. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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