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Midland States Bancorp (MSBI) Competitors

Midland States Bancorp logo
$33.55 +0.01 (+0.03%)
As of 09/21/2026 04:00 PM Eastern

MSBI vs. BUSE, CATY, CTBI, FMBH, and FRME

Should you buy Midland States Bancorp stock or one of its competitors? Midland States Bancorp's main competitors and comparable companies include First Busey (BUSE), Cathay General Bancorp (CATY), Community Trust Bancorp (CTBI), First Mid Bancshares (FMBH), and First Merchants (FRME). Companies are selected based on similarities in market, industry, and size. These companies are all part of the "regional banks" industry.

How does Midland States Bancorp compare to First Busey?

First Busey (NASDAQ:BUSE) and Midland States Bancorp (NASDAQ:MSBI) are both finance companies, but which is the better investment? We will compare the two businesses based on the strength of their analyst recommendations, institutional ownership, profitability, risk, dividends, valuation, media sentiment and earnings.

First Busey has a net margin of 21.00% compared to Midland States Bancorp's net margin of 9.40%. Midland States Bancorp's return on equity of 13.32% beat First Busey's return on equity.

Company Net Margins Return on Equity Return on Assets
First Busey21.00% 10.48% 1.40%
Midland States Bancorp 9.40%13.32%0.92%

First Busey pays an annual dividend of $1.04 per share and has a dividend yield of 3.5%. Midland States Bancorp pays an annual dividend of $1.32 per share and has a dividend yield of 3.9%. First Busey pays out 43.0% of its earnings in the form of a dividend. Midland States Bancorp pays out 84.6% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. First Busey has increased its dividend for 10 consecutive years and Midland States Bancorp has increased its dividend for 1 consecutive years.

First Busey has a beta of 0.71, suggesting that its share price is 29% less volatile than the broader market. Comparatively, Midland States Bancorp has a beta of 0.65, suggesting that its share price is 35% less volatile than the broader market.

In the previous week, First Busey had 3 more articles in the media than Midland States Bancorp. MarketBeat recorded 4 mentions for First Busey and 1 mentions for Midland States Bancorp. Midland States Bancorp's average media sentiment score of 1.53 beat First Busey's score of 0.50 indicating that Midland States Bancorp is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
First Busey
2 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Positive
Midland States Bancorp
1 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Very Positive

First Busey has higher revenue and earnings than Midland States Bancorp. First Busey is trading at a lower price-to-earnings ratio than Midland States Bancorp, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
First Busey$1.04B2.37$135.26M$2.4212.38
Midland States Bancorp$476.05M1.46-$124.28M$1.5621.51

First Busey presently has a consensus price target of $32.00, suggesting a potential upside of 6.81%. Midland States Bancorp has a consensus price target of $31.13, suggesting a potential downside of 7.23%. Given First Busey's stronger consensus rating and higher probable upside, analysts plainly believe First Busey is more favorable than Midland States Bancorp.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
First Busey
0 Sell rating(s)
3 Hold rating(s)
4 Buy rating(s)
0 Strong Buy rating(s)
2.57
Midland States Bancorp
0 Sell rating(s)
4 Hold rating(s)
0 Buy rating(s)
1 Strong Buy rating(s)
2.40

56.5% of First Busey shares are owned by institutional investors. Comparatively, 60.9% of Midland States Bancorp shares are owned by institutional investors. 3.8% of First Busey shares are owned by company insiders. Comparatively, 8.6% of Midland States Bancorp shares are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.

Summary

First Busey beats Midland States Bancorp on 13 of the 20 factors compared between the two stocks.

How does Midland States Bancorp compare to Cathay General Bancorp?

Cathay General Bancorp (NASDAQ:CATY) and Midland States Bancorp (NASDAQ:MSBI) are both finance companies, but which is the superior investment? We will compare the two businesses based on the strength of their institutional ownership, earnings, valuation, media sentiment, risk, profitability, analyst recommendations and dividends.

75.0% of Cathay General Bancorp shares are held by institutional investors. Comparatively, 60.9% of Midland States Bancorp shares are held by institutional investors. 4.5% of Cathay General Bancorp shares are held by insiders. Comparatively, 8.6% of Midland States Bancorp shares are held by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a company will outperform the market over the long term.

Cathay General Bancorp has a net margin of 24.66% compared to Midland States Bancorp's net margin of 9.40%. Midland States Bancorp's return on equity of 13.32% beat Cathay General Bancorp's return on equity.

Company Net Margins Return on Equity Return on Assets
Cathay General Bancorp24.66% 11.71% 1.43%
Midland States Bancorp 9.40%13.32%0.92%

Cathay General Bancorp pays an annual dividend of $1.52 per share and has a dividend yield of 2.5%. Midland States Bancorp pays an annual dividend of $1.32 per share and has a dividend yield of 3.9%. Cathay General Bancorp pays out 29.7% of its earnings in the form of a dividend. Midland States Bancorp pays out 84.6% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Midland States Bancorp has increased its dividend for 1 consecutive years. Midland States Bancorp is clearly the better dividend stock, given its higher yield and longer track record of dividend growth.

Cathay General Bancorp presently has a consensus target price of $62.25, suggesting a potential upside of 1.25%. Midland States Bancorp has a consensus target price of $31.13, suggesting a potential downside of 7.23%. Given Cathay General Bancorp's higher possible upside, research analysts clearly believe Cathay General Bancorp is more favorable than Midland States Bancorp.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Cathay General Bancorp
1 Sell rating(s)
4 Hold rating(s)
1 Buy rating(s)
0 Strong Buy rating(s)
2.00
Midland States Bancorp
0 Sell rating(s)
4 Hold rating(s)
0 Buy rating(s)
1 Strong Buy rating(s)
2.40

In the previous week, Cathay General Bancorp had 1 more articles in the media than Midland States Bancorp. MarketBeat recorded 2 mentions for Cathay General Bancorp and 1 mentions for Midland States Bancorp. Midland States Bancorp's average media sentiment score of 1.53 beat Cathay General Bancorp's score of 0.67 indicating that Midland States Bancorp is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Cathay General Bancorp
1 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Midland States Bancorp
1 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Very Positive

Cathay General Bancorp has a beta of 0.85, indicating that its stock price is 15% less volatile than the broader market. Comparatively, Midland States Bancorp has a beta of 0.65, indicating that its stock price is 35% less volatile than the broader market.

Cathay General Bancorp has higher revenue and earnings than Midland States Bancorp. Cathay General Bancorp is trading at a lower price-to-earnings ratio than Midland States Bancorp, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Cathay General Bancorp$1.38B2.96$315.12M$5.1212.01
Midland States Bancorp$476.05M1.46-$124.28M$1.5621.51

Summary

Cathay General Bancorp beats Midland States Bancorp on 12 of the 20 factors compared between the two stocks.

How does Midland States Bancorp compare to Community Trust Bancorp?

Community Trust Bancorp (NASDAQ:CTBI) and Midland States Bancorp (NASDAQ:MSBI) are both small-cap finance companies, but which is the superior business? We will compare the two companies based on the strength of their media sentiment, analyst recommendations, earnings, risk, profitability, institutional ownership, dividends and valuation.

Community Trust Bancorp has a net margin of 25.55% compared to Midland States Bancorp's net margin of 9.40%. Midland States Bancorp's return on equity of 13.32% beat Community Trust Bancorp's return on equity.

Company Net Margins Return on Equity Return on Assets
Community Trust Bancorp25.55% 12.52% 1.60%
Midland States Bancorp 9.40%13.32%0.92%

In the previous week, Midland States Bancorp had 1 more articles in the media than Community Trust Bancorp. MarketBeat recorded 1 mentions for Midland States Bancorp and 0 mentions for Community Trust Bancorp. Midland States Bancorp's average media sentiment score of 1.53 beat Community Trust Bancorp's score of 1.02 indicating that Midland States Bancorp is being referred to more favorably in the news media.

Company Overall Sentiment
Community Trust Bancorp Positive
Midland States Bancorp Very Positive

Community Trust Bancorp has a beta of 0.52, suggesting that its stock price is 48% less volatile than the broader market. Comparatively, Midland States Bancorp has a beta of 0.65, suggesting that its stock price is 35% less volatile than the broader market.

Community Trust Bancorp presently has a consensus price target of $81.50, indicating a potential upside of 7.86%. Midland States Bancorp has a consensus price target of $31.13, indicating a potential downside of 7.23%. Given Community Trust Bancorp's stronger consensus rating and higher probable upside, equities analysts plainly believe Community Trust Bancorp is more favorable than Midland States Bancorp.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Community Trust Bancorp
0 Sell rating(s)
2 Hold rating(s)
1 Buy rating(s)
1 Strong Buy rating(s)
2.75
Midland States Bancorp
0 Sell rating(s)
4 Hold rating(s)
0 Buy rating(s)
1 Strong Buy rating(s)
2.40

60.2% of Community Trust Bancorp shares are held by institutional investors. Comparatively, 60.9% of Midland States Bancorp shares are held by institutional investors. 2.6% of Community Trust Bancorp shares are held by company insiders. Comparatively, 8.6% of Midland States Bancorp shares are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company is poised for long-term growth.

Community Trust Bancorp pays an annual dividend of $2.60 per share and has a dividend yield of 3.4%. Midland States Bancorp pays an annual dividend of $1.32 per share and has a dividend yield of 3.9%. Community Trust Bancorp pays out 43.6% of its earnings in the form of a dividend. Midland States Bancorp pays out 84.6% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Community Trust Bancorp has raised its dividend for 44 consecutive years and Midland States Bancorp has raised its dividend for 1 consecutive years.

Community Trust Bancorp has higher earnings, but lower revenue than Midland States Bancorp. Community Trust Bancorp is trading at a lower price-to-earnings ratio than Midland States Bancorp, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Community Trust Bancorp$409.34M3.35$98.06M$5.9712.66
Midland States Bancorp$476.05M1.46-$124.28M$1.5621.51

Summary

Community Trust Bancorp beats Midland States Bancorp on 10 of the 19 factors compared between the two stocks.

How does Midland States Bancorp compare to First Mid Bancshares?

First Mid Bancshares (NASDAQ:FMBH) and Midland States Bancorp (NASDAQ:MSBI) are both small-cap finance companies, but which is the superior investment? We will contrast the two businesses based on the strength of their institutional ownership, valuation, earnings, risk, dividends, analyst recommendations, profitability and media sentiment.

In the previous week, First Mid Bancshares and First Mid Bancshares both had 1 articles in the media. Midland States Bancorp's average media sentiment score of 1.53 beat First Mid Bancshares' score of 0.67 indicating that Midland States Bancorp is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
First Mid Bancshares
0 Very Positive mention(s)
0 Positive mention(s)
1 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Midland States Bancorp
1 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Very Positive

First Mid Bancshares has a net margin of 19.76% compared to Midland States Bancorp's net margin of 9.40%. Midland States Bancorp's return on equity of 13.32% beat First Mid Bancshares' return on equity.

Company Net Margins Return on Equity Return on Assets
First Mid Bancshares19.76% 10.86% 1.29%
Midland States Bancorp 9.40%13.32%0.92%

First Mid Bancshares has higher earnings, but lower revenue than Midland States Bancorp. First Mid Bancshares is trading at a lower price-to-earnings ratio than Midland States Bancorp, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
First Mid Bancshares$466.04M2.84$91.75M$4.0312.33
Midland States Bancorp$476.05M1.46-$124.28M$1.5621.51

First Mid Bancshares presently has a consensus target price of $54.63, suggesting a potential upside of 9.95%. Midland States Bancorp has a consensus target price of $31.13, suggesting a potential downside of 7.23%. Given First Mid Bancshares' stronger consensus rating and higher possible upside, research analysts plainly believe First Mid Bancshares is more favorable than Midland States Bancorp.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
First Mid Bancshares
0 Sell rating(s)
3 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.50
Midland States Bancorp
0 Sell rating(s)
4 Hold rating(s)
0 Buy rating(s)
1 Strong Buy rating(s)
2.40

47.6% of First Mid Bancshares shares are owned by institutional investors. Comparatively, 60.9% of Midland States Bancorp shares are owned by institutional investors. 6.0% of First Mid Bancshares shares are owned by insiders. Comparatively, 8.6% of Midland States Bancorp shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company is poised for long-term growth.

First Mid Bancshares has a beta of 0.78, indicating that its stock price is 22% less volatile than the broader market. Comparatively, Midland States Bancorp has a beta of 0.65, indicating that its stock price is 35% less volatile than the broader market.

First Mid Bancshares pays an annual dividend of $1.04 per share and has a dividend yield of 2.1%. Midland States Bancorp pays an annual dividend of $1.32 per share and has a dividend yield of 3.9%. First Mid Bancshares pays out 25.8% of its earnings in the form of a dividend. Midland States Bancorp pays out 84.6% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. First Mid Bancshares has increased its dividend for 3 consecutive years and Midland States Bancorp has increased its dividend for 1 consecutive years.

Summary

First Mid Bancshares beats Midland States Bancorp on 11 of the 19 factors compared between the two stocks.

How does Midland States Bancorp compare to First Merchants?

First Merchants (NASDAQ:FRME) and Midland States Bancorp (NASDAQ:MSBI) are both finance companies, but which is the better investment? We will compare the two businesses based on the strength of their media sentiment, profitability, risk, institutional ownership, earnings, analyst recommendations, valuation and dividends.

73.9% of First Merchants shares are held by institutional investors. Comparatively, 60.9% of Midland States Bancorp shares are held by institutional investors. 1.8% of First Merchants shares are held by insiders. Comparatively, 8.6% of Midland States Bancorp shares are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock will outperform the market over the long term.

In the previous week, First Merchants had 1 more articles in the media than Midland States Bancorp. MarketBeat recorded 2 mentions for First Merchants and 1 mentions for Midland States Bancorp. Midland States Bancorp's average media sentiment score of 1.53 beat First Merchants' score of 0.34 indicating that Midland States Bancorp is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
First Merchants
0 Very Positive mention(s)
0 Positive mention(s)
2 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Neutral
Midland States Bancorp
1 Very Positive mention(s)
0 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Very Positive

First Merchants has a beta of 0.84, indicating that its share price is 16% less volatile than the broader market. Comparatively, Midland States Bancorp has a beta of 0.65, indicating that its share price is 35% less volatile than the broader market.

First Merchants currently has a consensus price target of $49.00, indicating a potential upside of 19.80%. Midland States Bancorp has a consensus price target of $31.13, indicating a potential downside of 7.23%. Given First Merchants' stronger consensus rating and higher possible upside, equities research analysts plainly believe First Merchants is more favorable than Midland States Bancorp.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
First Merchants
0 Sell rating(s)
3 Hold rating(s)
3 Buy rating(s)
0 Strong Buy rating(s)
2.50
Midland States Bancorp
0 Sell rating(s)
4 Hold rating(s)
0 Buy rating(s)
1 Strong Buy rating(s)
2.40

First Merchants has a net margin of 17.05% compared to Midland States Bancorp's net margin of 9.40%. Midland States Bancorp's return on equity of 13.32% beat First Merchants' return on equity.

Company Net Margins Return on Equity Return on Assets
First Merchants17.05% 8.86% 1.12%
Midland States Bancorp 9.40%13.32%0.92%

First Merchants pays an annual dividend of $1.48 per share and has a dividend yield of 3.6%. Midland States Bancorp pays an annual dividend of $1.32 per share and has a dividend yield of 3.9%. First Merchants pays out 47.4% of its earnings in the form of a dividend. Midland States Bancorp pays out 84.6% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. First Merchants has raised its dividend for 13 consecutive years and Midland States Bancorp has raised its dividend for 1 consecutive years.

First Merchants has higher revenue and earnings than Midland States Bancorp. First Merchants is trading at a lower price-to-earnings ratio than Midland States Bancorp, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
First Merchants$1.05B2.44$226M$3.1213.11
Midland States Bancorp$476.05M1.46-$124.28M$1.5621.51

Summary

First Merchants beats Midland States Bancorp on 14 of the 20 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding MSBI and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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MSBI vs. The Competition

MetricMidland States BancorpBanks IndustryFinance SectorNASDAQ Exchange
Market Cap$696.03M$23.49B$13.79B$12.97B
Dividend Yield3.94%3.08%5.95%12.80%
P/E Ratio21.5127.0325.3425.77
Price / Sales1.469.42516.80109.69
Price / Cash3.6315.5630.0834.72
Price / Book1.591.372.746.36
Net Income-$124.28M$2.58B$1.31B$358.17M
7 Day Performance-0.36%-0.55%0.70%1.60%
1 Month Performance2.13%0.14%0.07%-2.97%
1 Year Performance86.39%22.47%9.27%5.63%

Midland States Bancorp Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
MSBI
Midland States Bancorp
2.1916 of 5 stars
$33.55
+0.0%
$31.13
-7.2%
+86.7%$696.03M$476.05M21.51861
BUSE
First Busey
3.782 of 5 stars
$30.52
0.0%
$32.00
+4.9%
+21.1%$2.52B$789.53M12.621,948
CATY
Cathay General Bancorp
2.7203 of 5 stars
$62.56
+0.2%
$62.25
-0.5%
+24.9%$4.18B$1.38B12.231,268
CTBI
Community Trust Bancorp
4.4805 of 5 stars
$77.30
-0.7%
$81.50
+5.4%
+33.7%$1.40B$298.90M12.95930
FMBH
First Mid Bancshares
3.5666 of 5 stars
$50.97
-0.1%
$54.63
+7.2%
+26.8%$1.36B$466.04M12.651,170

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This page (NASDAQ:MSBI) was last updated on 9/22/2026 by MarketBeat.com Staff.
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