Midland States BancorpMSBI
About: Midland States Bancorp Inc is a diversified financial holding company. The company provides a full range of commercial and consumer banking products and services, business equipment financing, merchant credit card services, trust and investment management, and insurance and financial planning services. The Banking segment which generates the majority of the revenue, provides a wide range of financial products and services to consumers and businesses, including commercial, commercial real estate, mortgage and other consumer loan products; commercial equipment financing etc. 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.
Employees: 914
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
18% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 17
15% more repeat investments, than reductions
Existing positions increased: 39 | Existing positions reduced: 34
3% more funds holding
Funds holding: 114 [Q1] → 117 (+3) [Q2]
1.83% less ownership
Funds ownership: 65.33% [Q1] → 63.5% (-1.83%) [Q2]
12% less capital invested
Capital invested by funds: $353M [Q1] → $309M (-$43.7M) [Q2]
87% less call options, than puts
Call options by funds: $25K | Put options by funds: $199K
100% less funds holding in top 10
Funds holding in top 10: 1 [Q1] → 0 (-1) [Q2]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Piper Sandler Nathan Race 68% 1-year accuracy 13 / 19 met price target | 14%upside $27 | Neutral Maintained | 30 Jul 2024 |
Keefe, Bruyette & Woods Damon Delmonte 57% 1-year accuracy 8 / 14 met price target | 1%upside $24 | Market Perform Maintained | 29 Jul 2024 |