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

Company Overview

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. In addition to core banking, Midland States Bancorp delivers specialized lending solutions such as SBA loans and equipment financing, and offers wealth management, trust and insurance services through dedicated advisory teams. These products are supported by digital banking platforms that enable online account opening, mobile deposits and electronic payment solutions.

Tracing its roots to the founding of Effingham State Bank in 1881, Midland States Bancorp established its bank holding company structure in December 2002 and subsequently became a publicly traded entity. Since then, it has grown both organically and via strategic acquisitions, broadening its geographic reach and product suite while maintaining a community bank ethos. The company’s history reflects a commitment to local engagement and prudent risk management as it has navigated periods of economic expansion and market volatility.

Midland States Bancorp is led by President and Chief Executive Officer John C. Femal III, supported by an experienced executive management team and board of directors. The company maintains a focus on community reinvestment and charitable giving, partnering with local organizations to support economic development, education and health initiatives. By combining regional expertise with individualized service, Midland States Bancorp aims to foster lasting relationships and drive sustainable growth in its served markets.

Key Stats

• Today's Range: $16.46 to $17.02
• 50-Day Range: $15.61 to $18.67
• 52-Week Range: $14.79 to $28.08
• Volume: 135,205 shs
• Average Volume: 126,786 shs
• Market Capitalization: $365.75 million
• P/E Ratio: N/A
• Dividend Yield: 7.54%
• Price Target: $20.75
• Consensus Rating: Reduce

Midland States Bancorp Stock Analysis - MarketRank™

Midland States Bancorp scored higher than 84% of companies evaluated by MarketBeat, and ranked 317th out of 939 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: 3.1 / 5
• Analyst Rating: Reduce

Consensus Rating

Midland States Bancorp has received a consensus rating of Reduce. The company's average rating score is 1.80, and is based on no buy ratings, 4 hold ratings, and 1 sell rating.

Upside Potential

Midland States Bancorp has a consensus price target of $20.75, representing about 22.2% upside from its current price of $16.98.

Amount of Analyst Coverage

Midland States Bancorp has only been the subject of 2 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 -22.05, 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 -22.05, 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 0.61. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.15% 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 3.6, 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 increased by 0.77%, indicating that investor sentiment is decreasing.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Midland States Bancorp is a leading dividend payer. It pays a dividend yield of 7.77%, 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 45.55% 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

2.15% 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 3.6, 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 increased by 0.77%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 0.8 / 5
• News Sentiment: N/A

News Sentiment

Midland States Bancorp has a news sentiment score of -0.50. 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 0.84 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

Only 2 people have searched for MSBI on MarketBeat in the last 30 days. This is a decrease of -85% 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 start of the year. Since then, MSBI stock has decreased by 30.4% and is now trading at $16.98.

How were Midland States Bancorp's earnings last quarter?

Midland States Bancorp, Inc. (NASDAQ:MSBI) issued its quarterly earnings results on Wednesday, March, 23rd. The financial services provider reported $0.54 EPS for the quarter. The financial services provider had revenue of $70.61 million for the quarter. Midland States Bancorp had a negative net margin of 1.50% and a negative trailing twelve-month return on equity of 1.30%.

When did Midland States Bancorp IPO?

Midland States Bancorp (MSBI) raised $101 million in an IPO 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) served as the underwriters for the IPO and D. A. Davidson and Stephens were co-managers.

Who are Midland States Bancorp's major shareholders?

Top institutional shareholders of Midland States Bancorp include CWM LLC (0.11%), KLP Kapitalforvaltning AS (0.08%) and Voya Investment Management LLC (0.07%). Insiders that own company stock include Jeffrey G Ludwig, Douglas J Tucker, Jeffrey S Mefford, Jeffrey M Mcdonnell, Richard Dean Bingham, Donald J Spring, Robert F Schultz and Gerald Joseph Carlson.
View institutional ownership trends.

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: 3/23/2022
• Record date for 8/22 Dividend: 8/15/2025
• Ex-Dividend for 8/22 Dividend: 8/15/2025
• Dividend Payable: 8/22/2025
• Today: 10/24/2025
• Next Earnings (Estimated): 10/30/2025
• 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: 1881

Price Target and Rating

• Average Price Target for Midland States Bancorp: $20.75
• High Price Target: $21.00
• Low Price Target: $20.00
• Potential Upside/Downside: +27.0%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.80
• Research Coverage: 5 Analysts

Profitability

• EPS (Trailing Twelve Months): ($0.77)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 6.46
• P/E Growth: N/A
• Net Income: $38.04 million
• Net Margins: -1.50%
• Pretax Margin: -28.28%
• Return on Equity: -1.30%
• Return on Assets: -0.10%

Debt

• Debt-to-Equity Ratio: 1.02
• Current Ratio: 0.86
• Quick Ratio: 0.85

Sales & Book Value

• Annual Sales: $489.48 million
• Price / Sales: 0.72
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $28.05 per share
• Price / Book: 0.58

Miscellaneous

• Outstanding Shares: 21,540,000
• Free Float: 20,409,000
• Market Cap: $351.96 million
• Optionable: Optionable
• Beta: 0.72