Midland States Bancorp, Inc. Announces Quarterly Dividend of $0.32 (NASDAQ:MSBI)

Midland States Bancorp, Inc. (NASDAQ:MSBI) announced a quarterly dividend on Tuesday, February 3rd. Investors of record on Friday, February 13th will be given a dividend of 0.32 per share by the financial services provider on Friday, February 20th. This represents a c) annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend is Friday, February 13th.

Midland States Bancorp has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Midland States Bancorp has a dividend payout ratio of 48.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Midland States Bancorp to earn $2.81 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 45.6%.

Midland States Bancorp Stock Performance

MSBI traded up $0.34 during trading hours on Wednesday, hitting $24.02. 17,156 shares of the stock were exchanged, compared to its average volume of 189,351. The stock has a market cap of $517.52 million, a price-to-earnings ratio of 23.78 and a beta of 0.66. The stock has a 50-day simple moving average of $21.23 and a 200-day simple moving average of $18.55. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.85 and a quick ratio of 0.84. Midland States Bancorp has a 12 month low of $14.24 and a 12 month high of $24.57.

Midland States Bancorp (NASDAQ:MSBI) last announced its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.17). Midland States Bancorp had a net margin of 6.62% and a return on equity of 10.41%. The business had revenue of $85.79 million for the quarter, compared to the consensus estimate of $74.49 million. Analysts anticipate that Midland States Bancorp will post 2.53 earnings per share for the current year.

Midland States Bancorp Company Profile

Midland States Bancorp, Inc is a bank holding company headquartered in Effingham, Illinois, that oversees Midland States Bank, a community-focused financial institution. Through its subsidiary, the company provides a full range of commercial and retail banking services designed to meet the needs of individuals, small and mid-sized businesses, and nonprofit organizations. Its branch network spans key markets in Illinois, Missouri and Florida, where it emphasizes relationship-driven banking and local decision-making.

The company’s offerings include traditional deposit accounts, business and commercial lending, treasury and cash management services, mortgage financing and home equity products.