Midland States Bancorp, Inc. (MSBI) to Issue Quarterly Dividend of $0.20 on November 24th
Midland States Bancorp, Inc. (NASDAQ:MSBI) announced a quarterly dividend on Thursday, November 9th, Wall Street Journal reports. Investors of record on Friday, November 17th will be paid a dividend of 0.20 per share by the financial services provider on Friday, November 24th. This represents a $0.80 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend is Thursday, November 16th.
Midland States Bancorp (NASDAQ:MSBI) traded up $0.24 during midday trading on Wednesday, hitting $31.01. The stock had a trading volume of 29,200 shares, compared to its average volume of 69,443. The stock has a market cap of $587.67, a PE ratio of 13.44, a PEG ratio of 2.58 and a beta of 2.30. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 1.32. Midland States Bancorp has a fifty-two week low of $27.80 and a fifty-two week high of $37.58.
Midland States Bancorp (NASDAQ:MSBI) last posted its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.09). The company had revenue of $52.17 million during the quarter, compared to analyst estimates of $55.20 million. Midland States Bancorp had a net margin of 11.90% and a return on equity of 10.22%. analysts expect that Midland States Bancorp will post 1.71 EPS for the current fiscal year.
In other news, Director John M. Schultz sold 2,000 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $31.76, for a total value of $63,520.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last quarter, insiders sold 6,000 shares of company stock worth $189,320. Company insiders own 14.90% of the company’s stock.
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A number of equities research analysts have issued reports on the company. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $42.00 price target on shares of Midland States Bancorp in a research report on Thursday, October 19th. Zacks Investment Research downgraded Midland States Bancorp from a “hold” rating to a “sell” rating in a report on Friday, October 20th.
About Midland States Bancorp
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