Midland States Bancorp, Inc. (MSBI) to Issue Quarterly Dividend of $0.33 on August 21st

Midland States Bancorp, Inc. (NASDAQ:MSBI) announced a quarterly dividend on Tuesday, August 4th. Investors of record on Friday, August 14th will be paid a dividend of 0.33 per share by the financial services provider on Friday, August 21st. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Friday, August 14th. This is a 3.1% increase from Midland States Bancorp’s previous quarterly dividend of $0.32.

Midland States Bancorp has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 1 years. Midland States Bancorp has a payout ratio of 48.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Midland States Bancorp to earn $3.39 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 37.8%.

Midland States Bancorp Price Performance

MSBI opened at $34.24 on Thursday. The business’s 50-day moving average is $30.56 and its two-hundred day moving average is $26.15. Midland States Bancorp has a 1 year low of $14.24 and a 1 year high of $35.10. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.78 and a quick ratio of 0.78. The firm has a market capitalization of $710.48 million, a PE ratio of 21.95 and a beta of 0.66.

Midland States Bancorp (NASDAQ:MSBI) last released its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.78 by $0.04. Midland States Bancorp had a net margin of 9.40% and a return on equity of 13.32%. The business had revenue of $83.74 million during the quarter, compared to analyst estimates of $80.70 million. Research analysts anticipate that Midland States Bancorp will post 3.4 earnings per share for the current fiscal 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.