Midland States Bancorp, Inc. (NASDAQ:MSBI) Declares $0.20 Quarterly Dividend
Midland States Bancorp, Inc. (NASDAQ:MSBI) announced a quarterly dividend on Wednesday, August 9th, Wall Street Journal reports. Shareholders of record on Friday, August 18th will be given a dividend of 0.20 per share by the financial services provider on Friday, August 25th. This represents a $0.80 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend is Wednesday, August 16th.
Shares of Midland States Bancorp (NASDAQ MSBI) traded up 0.20% during mid-day trading on Friday, hitting $29.33. 79,305 shares of the stock were exchanged. The firm has a 50-day moving average price of $32.36 and a 200 day moving average price of $33.71. Midland States Bancorp has a 12-month low of $23.51 and a 12-month high of $37.58. The company has a market capitalization of $560.06 million, a PE ratio of 15.26 and a beta of 2.28.
Midland States Bancorp (NASDAQ:MSBI) last released its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.51 EPS for the quarter, missing the consensus estimate of $0.58 by $0.07. The company had revenue of $43.02 million during the quarter, compared to analyst estimates of $45.60 million. Midland States Bancorp had a net margin of 15.60% and a return on equity of 10.65%. On average, equities research analysts expect that Midland States Bancorp will post $1.90 earnings per share for the current year.
In other Midland States Bancorp news, EVP Jeffrey S. Mefford sold 25,000 shares of the firm’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $34.57, for a total transaction of $864,250.00. Following the completion of the sale, the executive vice president now owns 17,418 shares of the company’s stock, valued at approximately $602,140.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John M. Schultz sold 2,000 shares of the firm’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $34.45, for a total value of $68,900.00. The disclosure for this sale can be found here. In the last three months, insiders bought 1,455 shares of company stock valued at $44,107 and sold 32,954 shares valued at $1,131,769. Corporate insiders own 14.90% of the company’s stock.
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Several equities research analysts have recently commented on MSBI shares. Zacks Investment Research downgraded Midland States Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, May 3rd. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $37.00 price objective on shares of Midland States Bancorp in a report on Friday, May 12th.
About Midland States Bancorp
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