Midland States Bancorp, Inc. (NASDAQ:MSBI) Increases Dividend to $0.33 Per Share

by · The Markets Daily

Midland States Bancorp, Inc. (NASDAQ:MSBI – Get Free Report) announced a quarterly dividend on Tuesday, August 4th. Shareholders 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 dividend yield of 3.8%. 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 increased its dividend every year for the last 1 years. Midland States Bancorp has a payout ratio of 48.1% indicating that its dividend is sufficiently covered by earnings. Research 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 Trading Up 0.8%

Shares of MSBI opened at $34.53 on Wednesday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.73. The firm has a 50-day moving average price of $30.43 and a 200 day moving average price of $26.06. Midland States Bancorp has a 12-month low of $14.24 and a 12-month high of $34.85. The firm has a market capitalization of $716.50 million, a P/E ratio of 22.13 and a beta of 0.66.

Midland States Bancorp (NASDAQ:MSBI – Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.04. The business had revenue of $83.74 million during the quarter, compared to the consensus estimate of $80.70 million. Midland States Bancorp had a net margin of 9.40% and a return on equity of 13.32%. Sell-side analysts forecast that Midland States Bancorp will post 3.4 EPS for the current year.

About Midland States Bancorp

(Get Free Report)

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.

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