Midland States Bancorp, Inc. (NASDAQ:MSBI) Stock to Pay Quarterly Dividend of $0.33

Midland States Bancorp, Inc. (NASDAQ:MSBI) declared a quarterly dividend on Monday, November 2nd. Investors of record on Friday, November 13th will be given a dividend of $0.33 per share by the financial services provider on Friday, November 20th. This represents a $1.32 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Friday, November 13th.

Midland States Bancorp has a payout ratio of 49.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Midland States Bancorp to earn $3.45 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 38.3%.

Midland States Bancorp Price Performance

MSBI opened at $33.22 on Wednesday. The business has a fifty day moving average of $32.98 and a 200 day moving average of $28.30. The stock has a market cap of $690.98 million, a P/E ratio of 14.63 and a beta of 0.66. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.03. Midland States Bancorp has a 52-week low of $15.06 and a 52-week high of $35.10.

Midland States Bancorp (NASDAQ:MSBI) last released its earnings results on Thursday, October 22nd. The financial services provider reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. Midland States Bancorp had a return on equity of 17.13% and a net margin of 12.80%. The business had revenue of $86.14 million for the quarter, compared to analyst estimates of $83.77 million. As a group, sell-side analysts anticipate that Midland States Bancorp will post 3.44 EPS for the current year.

Midland States Bancorp Company Profile

Midland States Bancorp, Inc is a financial holding company headquartered in Effingham, Illinois. Through its principal subsidiary, Midland States Bank, the company provides banking, wealth management and specialty finance services to individuals, families and businesses.

Its banking operations offer deposit accounts, commercial and residential real estate loans, consumer lending, commercial and industrial financing, treasury management and other cash-management services. The company also provides wealth management, trust and investment services, as well as equipment financing and leasing solutions for business customers.

Founded in 1881, Midland States Bank serves communities primarily in Illinois, Wisconsin and Ohio through a network of banking offices and other channels.