Midland States Bancorp, Inc. (MSBI) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, MSBI's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross."There's a reason traders love a golden cross -- it's a technical chart pattern that can indicate a bullish breakout is on the horizon. This kind of crossover is formed when a stock's short-term moving average breaks above a longer-term moving ave ...

The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are underva ...

Midland States Bancorp (MSBI) reported $74.29 million in revenue for the quarter ended September 2024, representing a year-over-year decline of 3.2%. EPS of $0.74 for the same period compares to $0.78 a year ago.The reported revenue represents a surprise of +1.91% over the Zacks Consensus Estimate of $72.9 million. With the consensus EPS estimate being $0.63, the EPS surprise was +17.46%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare ...

Midland States Bancorp (MSBI) came out with quarterly earnings of $0.74 per share, beating the Zacks Consensus Estimate of $0.63 per share. This compares to earnings of $0.78 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 17.46%. A quarter ago, it was expected that this company would post earnings of $0.72 per share when it actually produced earnings of $0.20, delivering a surprise of -72.22%.Over the last four quarters, the ...

EXHIBIT 99.1 1 Midland States Bancorp, Inc. Announces 2024 Third Quarter Results Third Quarter 2024 Highlights: • Net income available to common shareholders of $16.2 million, or $0.74 per diluted share • Adjusted pre-tax, pre-provision earnings of $27.5 million • Tangible book value per share increased to $24.90, compared to $23.36 at June 30, 2024 • Common equity tier 1 capital ratio improved to 9.00%, compared to 8.64% at June 30, 2024 • Net interest margin of 3.10%, compared to 3.12% in prior quarter • ...

Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use fundamental analysis and ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks. Zacks has developed the inn ...

EFFINGHAM, Ill., Aug. 06, 2024 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ: MSBI) announced today that its Board of Directors declared a quarterly cash dividend of $0.31 per share of its common stock. The dividend is payable on August 23, 2024 to all shareholders of record as of the close of business on August 16, 2024. The Board of Directors also declared a cash dividend of $0.4844 per depository share on its 7.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A. The divide ...

Core Insights - Midland States Bancorp reported a revenue of $72.71 million for the quarter ended June 2024, which is a decrease of 6.3% compared to the same period last year [2] - The earnings per share (EPS) for the quarter was $0.20, down from $0.87 in the year-ago quarter, reflecting a significant decline [2] - The reported revenue was a surprise of -2.93% compared to the Zacks Consensus Estimate of $74.9 million, and the EPS surprise was -72.22% against the consensus estimate of $0.72 [1] Key Metrics - Net Interest Margin was reported at 3.1%, slightly below the average estimate of 3.2% from two analysts [4] - Net charge-offs to average loans were 0.2%, better than the estimated 0.3% [4] - The Efficiency Ratio was 65.2%, worse than the average estimate of 61.4% [4] - Average Interest-Earning Assets stood at $7.13 billion, slightly below the estimated $7.15 billion [4] - Residential mortgage banking revenue was $0.56 million, below the average estimate of $0.79 million [4] - Wealth management revenue was $6.80 million, slightly above the estimated $6.65 million [4] - Net Interest Income (FTE) was $55.22 million, below the estimated $56.30 million [4] - Total Noninterest Income was $17.66 million, compared to the average estimate of $18.11 million [4] - Service charges on deposit accounts were $3.12 million, slightly above the estimated $3.08 million [4] - Interchange revenue was $3.56 million, exceeding the estimated $3.25 million [4] Stock Performance - Shares of Midland States Bancorp have returned +16.2% over the past month, outperforming the Zacks S&P 500 composite, which saw a -0.3% change [5] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [5]

This quarterly report represents an earnings surprise of -72.22%. A quarter ago, it was expected that this company would post earnings of $0.71 per share when it actually produced earnings of $0.53, delivering a surprise of -25.35%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earni ...