What is DA Davidson’s Estimate for MSBI FY2026 Earnings?

Midland States Bancorp, Inc. (NASDAQ:MSBI) – Equities research analysts at DA Davidson upped their FY2026 earnings per share estimates for Midland States Bancorp in a report issued on Friday, September 26th. DA Davidson analyst J. Rulis now forecasts that the financial services provider will earn $2.42 per share for the year, up from their prior estimate of $2.40. The consensus estimate for Midland States Bancorp’s current full-year earnings is $2.53 per share.

MSBI has been the subject of a number of other research reports. Stephens upgraded Midland States Bancorp to a “hold” rating in a report on Thursday, September 11th. Wall Street Zen upgraded Midland States Bancorp from a “sell” rating to a “hold” rating in a report on Friday, September 5th. Finally, Piper Sandler restated a “neutral” rating and issued a $21.00 price target (up from $18.00) on shares of Midland States Bancorp in a report on Friday, July 11th. Four research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Midland States Bancorp currently has a consensus rating of “Hold” and an average price target of $20.75.

Midland States Bancorp Trading Up 0.2%

NASDAQ MSBI opened at $17.14 on Monday. The stock has a 50-day simple moving average of $17.80 and a 200 day simple moving average of $17.46. The company has a market capitalization of $369.26 million, a PE ratio of -22.26 and a beta of 0.78. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 1.02. Midland States Bancorp has a 12 month low of $14.79 and a 12 month high of $28.08.

Midland States Bancorp (NASDAQ:MSBI) last released its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.19). The company had revenue of $82.50 million during the quarter, compared to the consensus estimate of $75.76 million. Midland States Bancorp had a negative net margin of 1.50% and a negative return on equity of 1.30%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. AQR Capital Management LLC grew its stake in Midland States Bancorp by 100.7% in the first quarter. AQR Capital Management LLC now owns 391,822 shares of the financial services provider’s stock valued at $6,708,000 after purchasing an additional 196,555 shares in the last quarter. Nuveen LLC bought a new position in Midland States Bancorp in the first quarter valued at approximately $2,886,000. Segall Bryant & Hamill LLC bought a new position in Midland States Bancorp in the first quarter valued at approximately $1,644,000. Nuveen Asset Management LLC grew its stake in Midland States Bancorp by 72.7% in the fourth quarter. Nuveen Asset Management LLC now owns 167,103 shares of the financial services provider’s stock valued at $4,077,000 after purchasing an additional 70,320 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in Midland States Bancorp in the second quarter valued at approximately $1,006,000. 60.93% of the stock is owned by institutional investors and hedge funds.

Midland States Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 22nd. Stockholders of record on Friday, August 15th were given a dividend of $0.32 per share. This is an increase from Midland States Bancorp’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a dividend yield of 7.5%. The ex-dividend date of this dividend was Friday, August 15th. Midland States Bancorp’s payout ratio is currently -166.23%.

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.