The P/E ratio for Midland States Bancorp stock stands at 7.91 as of May 7, 2024. The calculation is based on the latest EPS of $2.97 and the stock price of $23.49 per share. An increase of 28% has been observed in the PE ratio compared to its average of 6.2 of the past four quarters.
Over the last eight years, the average PE ratio of Midland States Bancorp has been 15.28. The current 7.91 price-to-earnings ratio is 48% less than the historical average. Analyzing the last eight years, MSBI's PE ratio reached its highest point in the Mar 2018 quarter at 67.15, with a price of $31.56 and an EPS of $0.47. The Jun 2023 quarter saw the lowest point at 4.89, with a price of $19.91 and an EPS of $4.07.
Maximum annual increase: 123.87% in 2017
Maximum annual decrease: -63.77% in 2018
| Year | PE ratio | Change |
|---|---|---|
| 2023 | 9.28 | 47.77% |
| 2022 | 6.28 | -9.25% |
| 2021 | 6.92 | -63.21% |
| 2020 | 18.81 | 48.11% |
| 2019 | 12.7 | -3.93% |
| 2018 | 13.22 | -63.77% |
| 2017 | 36.49 | 123.87% |
| 2016 | 16.3 | N/A |
| 2015 | N/A | N/A |
| 2014 | N/A | N/A |
MSBI's current PE ratio is higher than the 3-year average, but it is under its 5-year average.
MSBI's PE ratio is below its peer stocks NRIM and NKSH.
| Stock name | PE ratio | Market cap |
|---|---|---|
| MSBI Midland States Bancorp Inc | 7.91 | $505.13M |
| NRIM Northrim Bancorp Inc | 9.74 | $277.07M |
| NKSH National Bankshares Inc | 10.56 | $165.62M |
MSBI's price to earnings ratio is 7.91 as of May 7, 2024.
Over the last 3 years, the average PE ratio for MSBI stock is 7.23.
Over the last 5 years, the average PE ratio for MSBI stock is 9.49.
Over the last eight years, the Mar 2018 quarter recorded the highest quarterly PE ratio at 67.15.
MSBI's current price to earnings ratio is 48% below its 8-year historical average.
A company with a lower PE ratio may indicate that the market has lower growth expectations for the company's future earnings.
You can calculate the P/E ratio by dividing the most recent stock price by the trailing twelve months earnings per share(EPS). As of today (May 7, 2024), Midland States Bancorp's share price is $23.49. The company's earnings per share for the trailing twelve months (TTM) ending Dec 2023 is $2.97. Therefore, Midland States Bancorp's price to earnings ratio for today is 7.91. PE RATIO(7.91) = STOCK PRICE($23.49) / TTM EPS($2.97)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.