Midland States Bancorp (MSBI) Stock Price, News & Analysis

Company Overview

Midland States Bancorp, Inc. (NASDAQ: MSBI) is a bank holding company headquartered in Effingham, Illinois. Through its wholly owned subsidiary, Midland States Bank, the company offers a comprehensive suite of financial products and services to individuals, small- and medium-sized businesses, and municipalities. Its core offerings encompass commercial and consumer lending, deposit services, treasury and cash management, mortgage origination and servicing, and wealth management solutions.

Founded in 1905, the company has grown both organically and through strategic acquisitions to establish a presence across Illinois, Missouri, Wisconsin, and Florida. This regional footprint is supported by a network of community banking centers, lending offices, and digital channels designed to meet the evolving needs of its diverse customer base. Midland States Bancorp’s mortgage division originates residential loans nationwide, leveraging automated underwriting and in-house servicing expertise to maintain control over the borrower experience.

Midland’s corporate banking group provides customized financing solutions—including lines of credit, term loans, equipment financing, and real estate lending—to support business growth initiatives. The bank’s treasury management services include automated clearing house (ACH) transactions, wire transfers, lockbox processing, and online banking tools that help clients optimize liquidity and streamline day-to-day operations. Wealth management offerings, delivered through Midland Wealth Partners, cover investment advisory, trust services, retirement planning, and estate administration.

The company is led by President and Chief Executive Officer Michael A. O’Grady, supported by an experienced executive team and a board of directors with deep roots in community banking. Midland States Bancorp emphasizes strong risk management practices, local decision-making authority, and a customer-centric approach aimed at fostering long-term relationships. Through ongoing investments in technology and talent, the bank seeks to balance modern banking capabilities with the personalized service common to community financial institutions.

Key Stats

• Today's Range: $18.43 to $18.98
• 50-Day Range: $16.20 to $18.77
• 52-Week Range: $14.79 to $28.08
• Volume: 114,742 shs
• Average Volume: 112,839 shs
• Market Capitalization: $403.74 million
• P/E Ratio: N/A
• Dividend Yield: 6.61%
• Price Target: $21.33
• Consensus Rating: Hold

Midland States Bancorp Stock Analysis - MarketRank™

Midland States Bancorp scored higher than 87% of companies evaluated by MarketBeat, and ranked 198th out of 906 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.0 / 5
• Analyst Rating: Hold

Consensus Rating

Midland States Bancorp has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Midland States Bancorp has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 11.07%

Earnings Growth

Earnings for Midland States Bancorp are expected to grow by 11.07% in the coming year, from $2.53 to $2.81 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Midland States Bancorp is -18.58, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Midland States Bancorp is -18.58, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Midland States Bancorp has a P/B Ratio of 0.67. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.16% of the float of Midland States Bancorp has been sold short.

Short Interest Ratio / Days to Cover

Midland States Bancorp has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Midland States Bancorp has recently decreased by 6.60%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Midland States Bancorp is a leading dividend payer. It pays a dividend yield of 6.63%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Midland States Bancorp has only been increasing its dividend for 1 years.

Dividend Sustainability

Based on earnings estimates, Midland States Bancorp will have a dividend payout ratio of 44.13% next year. This indicates that Midland States Bancorp will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 3.3 / 5
• Environmental Score: -0.50

Percentage of Shares Shorted

2.16% of the float of Midland States Bancorp has been sold short.

Short Interest Ratio / Days to Cover

Midland States Bancorp has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Midland States Bancorp has recently decreased by 6.60%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.3 / 5
• News Sentiment: N/A

News Sentiment

Midland States Bancorp has a news sentiment score of -0.67. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.73 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Midland States Bancorp this week, compared to 2 articles on an average week.

Search Interest

3 people have searched for MSBI on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Midland States Bancorp insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 5.27% of the stock of Midland States Bancorp is held by insiders.

Percentage Held by Institutions

60.93% of the stock of Midland States Bancorp is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

MSBI Stock Analysis - Frequently Asked Questions

How have MSBI shares performed this year?

Midland States Bancorp's stock was trading at $24.40 at the beginning of 2025. Since then, MSBI shares have decreased by 23.1% and is now trading at $18.77.

How were Midland States Bancorp's earnings last quarter?

Midland States Bancorp, Inc. (NASDAQ:MSBI) issued its quarterly earnings results on Wednesday, April, 30th. The financial services provider reported $0.57 EPS for the quarter, beating analysts' consensus estimates of $0.52 by $0.05. The financial services provider earned $76.16 million during the quarter, compared to the consensus estimate of $72.93 million. Midland States Bancorp had a negative trailing twelve-month return on equity of 1.89% and a negative net margin of 2.59%.

When did Midland States Bancorp IPO?

Midland States Bancorp (MSBI) raised $101 million in an initial public offering on Tuesday, May 24th 2016. The company issued 3,900,000 shares at a price of $25.00-$27.00 per share. Sandler O'Neill + Partners and Keefe, Bruyette & Woods (A Stifel Company) acted as the underwriters for the IPO and D. A. Davidson and Stephens were co-managers.

How do I buy shares of Midland States Bancorp?

Shares of MSBI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Midland States Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Midland States Bancorp investors own include Meta Platforms (META), NVIDIA (NVDA), Advanced Micro Devices (AMD), Netflix (NFLX), JPMorgan Chase & Co. (JPM), Exxon Mobil (XOM) and Broadcom (AVGO).

Company Calendar

• Last Earnings: 4/30/2025
• Record date for 5/23 Dividend: 5/16/2025
• Ex-Dividend for 5/23 Dividend: 5/16/2025
• Dividend Payable: 5/23/2025
• Today: 7/08/2025
• Next Earnings (Estimated): 7/24/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: BANKS - NORTHEAST
• Sub-Industry: Banking
• Current Symbol: NASDAQ:MSBI
• CIK: 1466026
• Web: www.midlandsb.com
• Phone: (217) 342-7321
• Fax: 217-342-9449
• Employees: 970
• Year Founded: N/A

Price Target and Rating

• Average Price Target for Midland States Bancorp: $21.33
• High Price Target: $23.00
• Low Price Target: $20.00
• Potential Upside/Downside: +13.7%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Trailing Twelve Months): ($1.01)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 7.42
• P/E Growth: N/A
• Net Income: $38.04 million
• Net Margins: -2.59%
• Pretax Margin: 8.30%
• Return on Equity: -1.89%
• Return on Assets: -0.16%

Debt

• Debt-to-Equity Ratio: 0.64
• Current Ratio: 0.86
• Quick Ratio: 0.81

Sales & Book Value

• Annual Sales: $489.48 million
• Price / Sales: 0.82
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $28.05 per share
• Price / Book: 0.67

Miscellaneous

• Outstanding Shares: 21,510,000
• Free Float: 20,381,000
• Market Cap: $403.74 million
• Optionable: Optionable
• Beta: 0.74