Positive News SentimentPositive NewsNASDAQ:MSBI Midland States Bancorp (MSBI) Stock Forecast, Price & News $21.59 -0.68 (-3.05%) (As of 06/9/2023 ET) Add Compare Share Share Today's Range$21.28▼$22.2150-Day Range$18.65▼$22.4552-Week Range$17.98▼$28.88Volume58,452 shsAverage Volume61,266 shsMarket Capitalization$475.41 millionP/E Ratio5.18Dividend Yield5.56%Price Target$27.00 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaSustainability Midland States Bancorp MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside25.1% Upside$27.00 Price TargetShort InterestHealthy1.64% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-0.50Upright™ Environmental ScoreNews Sentiment1.84Based on 2 Articles This WeekInsider TradingAcquiring Shares$173,166 Bought Last QuarterProj. Earnings Growth-3.40%From $3.24 to $3.13 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.92 out of 5 starsFinance Sector126th out of 835 stocksState Commercial Banks Industry37th out of 176 stocks 3.0 Analyst's Opinion Consensus RatingMidland 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.Price Target Upside/DownsideAccording to analysts' consensus price target of $27.00, Midland States Bancorp has a forecasted upside of 25.1% from its current price of $21.59.Amount of Analyst CoverageMidland States Bancorp has received no research coverage in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.64% of the float of Midland States Bancorp has been sold short.Short Interest Ratio / Days to CoverMidland States Bancorp has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Midland States Bancorp has recently increased by 15.62%, indicating that investor sentiment is decreasing significantly. Previous Next 4.2 Dividend Strength Dividend LeadershipMidland States Bancorp is a leading dividend payer. It pays a dividend yield of 5.39%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthMidland States Bancorp has been increasing its dividend for 7 years.Dividend CoverageThe dividend payout ratio of Midland States Bancorp is 28.78%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Midland States Bancorp will have a dividend payout ratio of 38.34% next year. This indicates that Midland States Bancorp will be able to sustain or increase its dividend. Previous Next 3.3 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreMidland States Bancorp has received a 35.51% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Cash withdrawal services", "Retirement saving services", "Mortgages provided by brick and mortar banks", "Mortgage loans for corporations", "Corporate debit cards", and "Recreational vehicle loans" products. See details.Environmental SustainabilityThe Environmental Impact score for Midland States Bancorp is -0.50. Previous Next 2.7 News and Social Media Coverage News SentimentMidland States Bancorp has a news sentiment score of 1.84. 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 higher news sentiment than the 0.87 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Midland States Bancorp this week, compared to 2 articles on an average week. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Midland States Bancorp insiders have bought 160.54% more of their company's stock than they have sold. Specifically, they have bought $173,166.00 in company stock and sold $66,464.00 in company stock.Percentage Held by InsidersOnly 5.60% of the stock of Midland States Bancorp is held by insiders.Percentage Held by Institutions60.72% 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. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Midland States Bancorp are expected to decrease by -3.40% in the coming year, from $3.24 to $3.13 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Midland States Bancorp is 5.18, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.37.Price to Earnings Ratio vs. SectorThe P/E ratio of Midland States Bancorp is 5.18, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 147.60.Price to Book Value per Share RatioMidland States Bancorp has a P/B Ratio of 0.74. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Midland States Bancorp (NASDAQ:MSBI) StockMidland States Bancorp, Inc. is a bank holding company which engages in the provision of commercial and consumer banking products and services. It operates through the following segments: Banking, Wealth Management, and Other. The Banking segment offers financial products and services such as loans, mortgage loan sales and servicing, letters of credit, deposit products, merchant services, and corporate treasury management services. The Wealth Management segment consists of trust and fiduciary services, brokerage, and retirement planning services. The Other segment includes the operating results of the parent company, the captive insurance business unit, and the elimination of intercompany transactions. The company was founded in 1988 and is headquartered in Effingham, IL.Read More Receive MSBI Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Midland States Bancorp and its competitors with MarketBeat's FREE daily newsletter. Email Address MSBI Stock News HeadlinesMay 29, 2023 | finance.yahoo.comDoes Midland States Bancorp (NASDAQ:MSBI) Deserve A Spot On Your Watchlist?May 28, 2023 | americanbankingnews.comMidland States Bancorp (NASDAQ:MSBI) Share Price Crosses Below Fifty Day Moving Average of $20.22June 10, 2023 | Behind the Markets (Ad)[BREAKING] Small Firm Develops World's First Anti-Aircraft LaserSmall cap wins $1.65 billion contract to make them. GlobeNewswire says this is a $51.1 Billion market by 2026. See why this stock could soar 2,476% >>>May 21, 2023 | americanbankingnews.comMidland States Bancorp (NASDAQ:MSBI) Earns Hold Rating from Analysts at StockNews.comMay 20, 2023 | americanbankingnews.comMidland States Bancorp, Inc. (NASDAQ:MSBI) SVP Buys $16,280.00 in StockMay 9, 2023 | finance.yahoo.comMidland States Bancorp's (NASDAQ:MSBI) Dividend Will Be Increased To $0.30May 9, 2023 | americanbankingnews.comMidland States Bancorp, Inc. (NASDAQ:MSBI) to Issue $0.30 Quarterly DividendMay 8, 2023 | msn.comWednesday Is Your Last Chance To Buy Midland States Bancorp Before The Dividend PayoutJune 10, 2023 | Legacy Research (Affiliate) (Ad)“One-Stock Millionaire” IGNORES 99.9% of the MarketDuring the 2008 financial crisis, millionaire trader Jeff Clark stunned the world when he managed to double his readers’ money 26 TIMES… CNBC caught wind of this and asked Jeff to come on live TV to explain his secret.May 4, 2023 | finance.yahoo.comInsider Buying: The Midland States Bancorp, Inc. (NASDAQ:MSBI) Independent Director Just Bought 28% More SharesMay 4, 2023 | americanbankingnews.comMidland States Bancorp, Inc. to Post Q2 2023 Earnings of $0.83 Per Share, DA Davidson Forecasts (NASDAQ:MSBI)May 3, 2023 | msn.comMidland States Bancorp (MSBI) Declares $0.30 DividendMay 3, 2023 | finance.yahoo.comDividend Champions, Contenders and Challengers List: 15 Highest Yielding StocksMay 3, 2023 | americanbankingnews.comMidland States Bancorp, Inc. (NASDAQ:MSBI) Director Richard Dean Bingham Purchases 5,200 SharesMay 3, 2023 | americanbankingnews.comJeffrey S. Mefford Sells 1,600 Shares of Midland States Bancorp, Inc. (NASDAQ:MSBI) StockMay 2, 2023 | americanbankingnews.comPiper Sandler Lowers Midland States Bancorp (NASDAQ:MSBI) Price Target to $21.00May 1, 2023 | msn.comKeefe, Bruyette & Woods Maintains Midland States Bancorp (MSBI) Market Perform RecommendationApril 27, 2023 | finance.yahoo.comMidland States Bancorp (MSBI) Q1 Earnings Top EstimatesApril 27, 2023 | seekingalpha.comMSBI Midland States Bancorp, Inc.April 27, 2023 | finance.yahoo.comMidland States Bancorp, Inc. Announces 2023 First Quarter ResultsApril 25, 2023 | americanbankingnews.comMidland States Bancorp (MSBI) Scheduled to Post Earnings on ThursdayApril 24, 2023 | finance.yahoo.comEarnings Preview: Meridian Bank (MRBK) Q1 Earnings Expected to DeclineApril 21, 2023 | americanbankingnews.comMidland States Bancorp, Inc. (NASDAQ:MSBI) Short Interest Down 7.5% in MarchApril 20, 2023 | finance.yahoo.comMidland States Bancorp (MSBI) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 ReleaseApril 10, 2023 | finance.yahoo.comThe past five years for Midland States Bancorp (NASDAQ:MSBI) investors has not been profitableApril 8, 2023 | americanbankingnews.comDA Davidson Brokers Decrease Earnings Estimates for Midland States Bancorp, Inc. (NASDAQ:MSBI)April 6, 2023 | americanbankingnews.comMidland States Bancorp (NASDAQ:MSBI) vs. Silvergate Capital (NYSE:SI) Critical ReviewSee More Headlines MSBI Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart MSBI Company Calendar Last Earnings4/27/2023Ex-Dividend for 5/19 Dividend5/11/2023Dividend Payable5/19/2023Today6/10/2023Next Earnings (Estimated)7/27/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry State commercial banks Sub-IndustryN/A SectorFinance Current SymbolNASDAQ:MSBI CUSIPN/A CIK1466026 Webwww.midlandsb.com Phone(217) 342-7321Fax217-342-9449Employees864Year FoundedN/APrice Target and Rating Average Stock Price Forecast$27.00 High Stock Price Forecast$31.00 Low Stock Price Forecast$21.00 Forecasted Upside/Downside+25.1%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)$4.17 Trailing P/E Ratio5.18 Forward P/E Ratio6.66 P/E GrowthN/ANet Income$99.03 million Net Margins24.13% Pretax Margin31.62% Return on Equity14.05% Return on Assets1.17% Debt Debt-to-Equity Ratio0.95 Current Ratio0.99 Quick Ratio0.99 Sales & Book Value Annual Sales$381.65 million Price / Sales1.25 Cash Flow$4.63 per share Price / Cash Flow4.66 Book Value$29.26 per share Price / Book0.74Miscellaneous Outstanding Shares22,020,000Free Float20,792,000Market Cap$475.41 million OptionableNot Optionable Beta0.85 Key ExecutivesJeffrey G. LudwigPresident, Chief Executive Officer & DirectorEric T. LemkeChief Financial OfficerJeffrey S. MeffordExecutive Vice PresidentJeffrey A. BrunoehlerChief Credit Officer & Senior Vice PresidentDouglas J. TuckerSecretary, SVP, Corporate Counsel & Director-IRKey CompetitorsWashington Trust BancorpNASDAQ:WASHMercantile BankNASDAQ:MBWMFarmers National BancNASDAQ:FMNBHeritage CommerceNASDAQ:HTBKMetroCity BanksharesNASDAQ:MCBSView All CompetitorsInsiders & InstitutionsBrandywine Global Investment Management LLCBought 12,295 shares on 5/25/2023Ownership: 0.247%Ameriprise Financial Inc.Bought 17,740 shares on 5/22/2023Ownership: 0.237%Putnam Investments LLCBought 4,350 shares on 5/22/2023Ownership: 0.070%JPMorgan Chase & Co.Bought 954 shares on 5/18/2023Ownership: 0.528%New York State Common Retirement FundSold 4,500 shares on 5/18/2023Ownership: 0.232%View All Insider TransactionsView All Institutional Transactions MSBI Stock - Frequently Asked Questions Should I buy or sell Midland States Bancorp stock right now? 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Midland States Bancorp in the last year. There are currently 3 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MSBI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MSBI, but not buy additional shares or sell existing shares. View MSBI analyst ratings or view top-rated stocks. What is Midland States Bancorp's stock price forecast for 2023? 3 analysts have issued 1 year price targets for Midland States Bancorp's shares. Their MSBI share price forecasts range from $21.00 to $31.00. On average, they predict the company's share price to reach $27.00 in the next twelve months. This suggests a possible upside of 25.1% from the stock's current price. View analysts price targets for MSBI or view top-rated stocks among Wall Street analysts. How have MSBI shares performed in 2023? Midland States Bancorp's stock was trading at $26.62 at the beginning of the year. Since then, MSBI stock has decreased by 18.9% and is now trading at $21.59. View the best growth stocks for 2023 here. When is Midland States Bancorp's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023. View our MSBI earnings forecast. How were Midland States Bancorp's earnings last quarter? Midland States Bancorp, Inc. (NASDAQ:MSBI) released its quarterly earnings results on Thursday, April, 27th. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.04. The financial services provider earned $76.28 million during the quarter, compared to analysts' expectations of $77.50 million. Midland States Bancorp had a trailing twelve-month return on equity of 14.05% and a net margin of 24.13%. How often does Midland States Bancorp pay dividends? What is the dividend yield for Midland States Bancorp? Midland States Bancorp declared a quarterly dividend on Tuesday, May 2nd. Shareholders of record on Friday, May 12th will be paid a dividend of $0.30 per share on Friday, May 19th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.56%. The ex-dividend date is Thursday, May 11th. Read our dividend analysis for MSBI. What ETFs hold Midland States Bancorp's stock? ETFs with the largest weight of Midland States Bancorp (NASDAQ:MSBI) stock in their portfolio include First Trust Dow Jones Select Microcap Index Fund (FDM), AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC), Royce Quant Small-Cap Quality Value ETF (SQLV), First Trust NASDAQ ABA Community Bank Index Fund (QABA), SPDR S&P Regional Banking ETF (KRE), Janus Henderson Small Cap Growth Alpha ETF (JSML) and Direxion Daily Regional Banks Bull 3x Shares (DPST) and Is Midland States Bancorp a good dividend stock? Midland States Bancorp (NASDAQ:MSBI) pays an annual dividend of $1.20 per share and currently has a dividend yield of 5.39%. MSBI has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 7 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 28.78%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MSBI will have a dividend payout ratio of 38.34% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for MSBI. What is Jeffrey Ludwig's approval rating as Midland States Bancorp's CEO? 23 employees have rated Midland States Bancorp Chief Executive Officer Jeffrey Ludwig on Glassdoor.com. Jeffrey Ludwig has an approval rating of 94% among the company's employees. This puts Jeffrey Ludwig in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. What other stocks do shareholders of Midland States Bancorp own? Based on aggregate information from My MarketBeat watchlists, some companies that other Midland States Bancorp investors own include Boeing (BA), NVIDIA (NVDA), Main Street Capital (MAIN), Mastercard (MA), Overstock.com (OSTK), Pure Storage (PSTG), QUALCOMM (QCOM), Twilio (TWLO), Exxon Mobil (XOM) and Eldorado Resorts (ERI). When did Midland States Bancorp IPO? (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) served as the underwriters for the IPO and D. A. Davidson and Stephens were co-managers. What is Midland States Bancorp's stock symbol? Midland States Bancorp trades on the NASDAQ under the ticker symbol "MSBI." Who are Midland States Bancorp's major shareholders? Midland States Bancorp's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (13.82%), Dimensional Fund Advisors LP (6.04%), State Street Corp (3.14%), LSV Asset Management (2.27%), Geode Capital Management LLC (1.93%) and Bank of America Corp DE (1.09%). Insiders that own company stock include Donald J Spring, Douglas J Tucker, Eric Lemke, Jeffrey A Brunoehler, Jeffrey C Smith, Jeffrey G Ludwig, Jeffrey M Mcdonnell, Jeffrey S Mefford, Jerry L Mcdaniel, Richard Dean Bingham and Robert F Schultz. 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Midland States Bancorp's stock price today? One share of MSBI stock can currently be purchased for approximately $21.59. How much money does Midland States Bancorp make? Midland States Bancorp (NASDAQ:MSBI) has a market capitalization of $475.41 million and generates $381.65 million in revenue each year. The financial services provider earns $99.03 million in net income (profit) each year or $4.17 on an earnings per share basis. How many employees does Midland States Bancorp have? The company employs 864 workers across the globe. How can I contact Midland States Bancorp? Midland States Bancorp's mailing address is 1201 NETWORK CENTRE DRIVE, EFFINGHAM IL, 62401. The official website for the company is www.midlandsb.com. The financial services provider can be reached via phone at (217) 342-7321, via email at dtucker@midlandsb.com, or via fax at 217-342-9449. This page (NASDAQ:MSBI) was last updated on 6/10/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Midland States Bancorp, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. 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