Equities Analysts Offer Predictions for Midland States Bancorp Inc.’s FY2016 Earnings (MSBI)
Midland States Bancorp Inc. (NASDAQ:MSBI) – Analysts at DA Davidson upped their FY2016 EPS estimates for Midland States Bancorp in a research note issued on Tuesday. DA Davidson analyst K. Reevey now anticipates that the brokerage will post earnings per share of $2.32 for the year, up from their prior forecast of $2.08. DA Davidson also issued estimates for Midland States Bancorp’s Q4 2016 earnings at $0.68 EPS, Q1 2017 earnings at $0.68 EPS, Q2 2017 earnings at $0.69 EPS, Q3 2017 earnings at $0.70 EPS, Q4 2017 earnings at $0.73 EPS and FY2017 earnings at $2.79 EPS.
Separately, Zacks Investment Research cut Midland States Bancorp from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 29th.
Shares of Midland States Bancorp (NASDAQ:MSBI) opened at 27.41 on Friday. The company has a market capitalization of $422.22 million and a P/E ratio of 13.37. Midland States Bancorp has a 12-month low of $20.80 and a 12-month high of $28.32. The company has a 50-day moving average price of $25.66 and a 200 day moving average price of $23.71.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 28th. Investors of record on Friday, November 18th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend is Wednesday, November 16th.
Midland States Bancorp Company Profile
Midland States Bancorp, Inc is a United States-based diversified financial holding company. The Company’s banking subsidiary, Midland States Bank, provides a range of traditional community banking and other complementary financial services. Its segments include Banking, Commercial Federal Housing Administration (FHA) Origination and Servicing, and Other.
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