Midland States Bancorp, Inc. (NASDAQ:MSBI) is set to announce third quarter earning results on Thursday 22nd October 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, MSBI to report 3Q20 income of $ 0.29 per share.
For the full year, analysts anticipate top line of $ 265.42 million, while looking forward to income of $ 1.32 per share bottom line.
Previous Quarter Performance
Midland States Bancorp, Inc. disclosed income for the second quarter of $ 0.55 per share, from the revenue of $ 68.39 million. The quarterly earnings shrunk 17.91 percent while revenues escalated 4.16 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.27 per share from $ 63.74 million in revenue. The bottom line results beat street analysts by $ 0.28 or 103.70 percent, at the same time, top line results outshined analysts by $ 4.65 million or 7.30 percent.
Stock Performance
Shares of Midland States Bancorp, Inc. traded up $ 0.22 or 1.56 percent on Wednesday, reaching $ 14.35 with volume of 39.40 thousand shares. Midland States Bancorp, Inc. has traded high as $ 14.64 and has cracked $ 14.07 on the downward trend
The closing price of $ 14.35, representing a 13.22 % increase from the 52 week low of $ 12.48 and a 52.1 % decrease over the 52 week high of $ 29.50.
The company has a market capital of $ 325.00 million and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.2675 per share on August 4, 2020. The dividend were payable on August 21, 2020 to holders of record as of the close of business on August 14, 2020 and ex-dividend date on August 13, 2020.
Conference Call
Midland States Bancorp, Inc. will be hosting a conference call at 8:30 AM eastern time on 23rd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.midlandsb.com
Midland States Bancorp, Inc. operates as a financial holding company for Midland States Bank that provides various banking products and services to individuals, businesses, municipalities, and other entities. It operates through Banking, Commercial FHA Origination and Servicing, Wealth Management, and Other segments.
