Midland States Bancorp, Inc. (MSBI) Declares $0.20 Quarterly Dividend
Midland States Bancorp, Inc. (NASDAQ:MSBI) announced a quarterly dividend on Thursday, November 9th, Wall Street Journal reports. Shareholders of record on Friday, November 17th will be given a dividend of 0.20 per share by the financial services provider on Friday, November 24th. This represents a $0.80 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date is Thursday, November 16th.
Midland States Bancorp (NASDAQ:MSBI) traded up $0.08 during trading on Thursday, reaching $30.74. The company’s stock had a trading volume of 61,165 shares, compared to its average volume of 86,948. Midland States Bancorp has a 12 month low of $24.74 and a 12 month high of $37.58. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $588.52, a P/E ratio of 13.46, a P/E/G ratio of 2.58 and a beta of 2.30.
Midland States Bancorp (NASDAQ:MSBI) last released its earnings results on Thursday, October 26th. The financial services provider reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.09). Midland States Bancorp had a net margin of 11.90% and a return on equity of 10.77%. The business had revenue of $52.17 million during the quarter, compared to analyst estimates of $55.20 million. equities analysts anticipate that Midland States Bancorp will post 1.71 EPS for the current fiscal year.
In other Midland States Bancorp news, Director John M. Schultz sold 2,000 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $32.22, for a total value of $64,440.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders acquired 790 shares of company stock valued at $24,130 and sold 6,000 shares valued at $189,320. 14.90% of the stock is currently owned by company insiders.
A number of equities research analysts have commented on MSBI shares. Zacks Investment Research raised Midland States Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $37.00 target price on shares of Midland States Bancorp in a report on Tuesday, August 29th.
About Midland States Bancorp
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