Midland, Texas, is home to the corporate offices of a financial services provider known as Midland States Bancorp, Inc. MSBI, the ticker symbol used for its shares. On Monday, August 29, DA Davidson lowered its predictions for Midland States Bancorp’s earnings per share in the fiscal year 2023. These new projections reflect the downward revision. M. Navas, an analyst at DA Davidson, predicts that the financial services firm will now earn $3.60 per share this year. This is a decline from the original projection, which predicted that the company would make $3.90 per share. The most current estimate from the consensus of financial analysts projects that Midland States Bancorp will generate earnings of $3.82 per share for the full year. On July 28, Midland States Bancorp (NASDAQ: MSBI) released its most recent quarterly results report. This report covered the period ending in the previous quarter. The firm that offers financial services for the quarter reported per share (EPS) of $0.98, which is $0.02 more than the consensus estimate of $0.96 that market expert had made for the company’s earnings. Midland States Bancorp had a return on equity of 13.53 percent, while the company’s net margin was 26.775 percent.
The previous year, during the same period, the company had a net income per share of $0.86. This year’s net income per share is $0.86. Multiple other research studies have focused on MSBI as the principal subject of examination in their respective bodies of work. The rating for Midland States Bancorp was modified from a “strong-buy” recommendation to a “buy” recommendation in a report that Bloomberg issued on May 22. The price objective that Stephens has placed on Midland States Bancorp has been raised to $32.00, as stated in a research report released on Tuesday, August 23, 2018. MSBI stock was first offered for trade on Tuesday for $25.95 per share. Midland States Bancorp had its all-time low price of $22.50 and its all-time high price of $30.60 during a single calendar year. The present market value of the firm is $572.72 million, the company’s price-to-earnings ratio is 6.88, and the company’s beta value is 0.91. Each of the three financial ratios—the debt-to-equity ratio, the current ratio, and the quick ratio—is equal to 0.74, and they are all equal to 0.95. Moving averages for the previous 50 days for the company come in at $25.95, while the moving averages for the past 200 days come in at $26.93. How several institutional investors currently invest in MSBI has undergone substantial transformations. Great West Life Assurance Company of Canada boosted the equity it owned in Midland States Bancorp by 36.5% over the first three months of 2018.
Great West Life Assurance Company of Canada now holds 2,063 stocks held by the financial services provider after acquiring an additional 552 shares during the most recent quarter. The stock is currently valued at $62,000. By the end of the second quarter, Legal & General Group Plc had increased the amount of Midland States Bancorp stock owned by 10.4% compared to the beginning of the quarter. As a result of the purchase of 672 more shares during the most recent quarter, Legal & General Group Plc now holds 7,161 shares of the firm. Based on the current share price, this gives the company a market worth of $172,000. During the second quarter, Quantbot Technologies LP boosted the amount of its investment in Midland States Bancorp by 86.7%. Quantbot Technologies LP is currently the owner of 1,680 shares in the financial services business. During the most recent quarter, the firm increased its holdings in the company by purchasing an additional 780 shares. These shares are worth a total of $40,000 as of today. Captrust Financial Advisors’ investment in Midland States Bancorp grew by 98.5% in value during the first three months of the year. After making an additional 781 share purchase during the most recent quarter, Captrust Financial Advisors now has 1,574 shares of the financial services provider’s stock, which is worth $45,000.
These shares were acquired during the most recent quarter. The total capital that Captrust Financial Advisors has put into the stock comes to $45,000. Last but not least, during the first three months of 2018, Lindbrook Capital LLC saw a 1,195.7% increase in the size of its holdings in Midland States Bancorp. In the most recent reporting period, Lindbrook Capital LLC grew its holdings in the financial services provider’s stock by purchasing an additional 825 shares. This brought the total number of shares it currently holds to 894, with a value of $26,000 for the investment. Institutional investors and hedge funds own 61.87% of the company’s shares. Other shareholders make up the remaining 31%. In other news, on Wednesday, August 17, investor Jerry L. McDaniel bought 40,000 shares of Midland States Bancorp. This was one of the changes that occurred. A total of one million dollars was spent on purchasing the stock, which works out to an average price of twenty-five dollars per share. Because of the transaction, the director now owns 20,000 business shares, and the total value of those shares is around $500,000.00. The Securities and Exchange Commission (SEC) keeps a legal file open to the public and can be read online. This file had information relevant to the transaction, which was discovered there. On Wednesday, August 17, another director of the firm, Jerry L. McDaniel, purchased 40,000 shares of the company’s stock.
This is just one of the latest developments relating to this topic. A total of one million dollars was spent on acquiring the stock, with the average price being twenty-five dollars per share. The director was able to buy 20,000 shares as a direct consequence of the deal, each of which had a current market value of around $500,000 at the time of the transaction. Access to the legal documentation that details the transaction’s disclosure can be gained through the Securities and Exchange Commission’s (SEC) website. This file can be found on the website. Additionally, on Thursday, June 30, the president of Midland States Bancorp, Jeffrey S. Mefford, sold 1,600 shares of the company’s stock. On average, $24.10 was the amount that was paid for each share throughout the transaction, which resulted in a total payment of $38,560.00 being received. Following the conclusion of the transaction, the president now owns 27,975 shares of the company. Based on the current stock price, these shares are about $674,197.50. Disclosures that are related to the sale might be found in this section of the website. Corporate insiders have sold 4,800 company stocks for a price of $122,976 during the past three and a half months. Employees and other insiders hold 5.80% of the company’s shares. In addition, the corporation announced the distribution of a quarterly dividend, which took place on the 26th of this month.
On Friday, August 19, dividends of $0.29 per share were distributed to shareholders already on record with the company. This particular distribution featured a day that was considered to be an “ex-dividend” day on August 18, which was a Thursday. Those calculations correspond to a yearly dividend of $1.16 and a yield of 4.47%. The payout ratio for Midland States Bancorp has been established at a value of 30.77 percent. Information on Midland States Bancorp can be found here. Midland States Bank is the parent firm of the financial holding company that goes by the name Midland States Bancorp, Inc. Individuals, companies, governments, and other sorts of institutions can take advantage of the comprehensive range of banking products and services made available by Midland States Bank. There are a total of three sub-divisions within the business, and they include banking, wealth management, and other sectors. With the company’s assistance, customers will have the opportunity to open sweep accounts in addition to checking, savings, money market, and certificate of deposit accounts.