Midland States Bancorp, Inc. (NASDAQ:MSBI) to Issue Quarterly Dividend of $0.32

Midland States Bancorp, Inc. (NASDAQ:MSBI - Get Free Report) declared a quarterly dividend on Tuesday, May 5th. Stockholders of record on Friday, May 15th will be paid a dividend of 0.32 per share by the financial services provider on Friday, May 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend is Friday, May 15th.Get Midland States Bancorp alerts:Midland States Bancorp has raised its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Midland States Bancorp has a payout ratio of 48.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Midland States Bancorp to earn $3.12 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 41.0%. Midland States Bancorp Trading Up 4.3%Shares of MSBI stock opened at $27.08 on Wednesday. Midland States Bancorp has a fifty-two week low of $14.24 and a fifty-two week high of $27.10. The stock has a market cap of $561.37 million, a P/E ratio of 22.95 and a beta of 0.66. The business has a fifty day simple moving average of $22.84 and a 200-day simple moving average of $20.92. The company has a quick ratio of 0.80, a current ratio of 0.78 and a debt-to-equity ratio of 0.71. Midland States Bancorp (NASDAQ:MSBI - Get Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.79 earnings per share for the quarter, beating analysts' consensus estimates of $0.60 by $0.19. Midland States Bancorp had a return on equity of 11.55% and a net margin of 7.53%.The business had revenue of $81.10 million during the quarter, compared to analysts' expectations of $75.59 million. On average, analysts forecast that Midland States Bancorp will post 3.17 earnings per share for the current fiscal year. Midland States Bancorp Company Profile (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.See AlsoFive stocks we like better than Midland States BancorpThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Midland States Bancorp Right Now?Before you consider Midland States Bancorp, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Midland States Bancorp wasn't on the list.While Midland States Bancorp currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here