Midland States BancorpMSBI
MSBI
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
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
93% more first-time investments, than exits
New positions opened: 27 | Existing positions closed: 14
81% more repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 27
11% more funds holding
Funds holding: 117 [Q2] → 130 (+13) [Q3]
3.15% less ownership
Funds ownership: 64.28% [Q2] → 61.13% (-3.15%) [Q3]
7% less capital invested
Capital invested by funds: $313M [Q2] → $292M (-$20.4M) [Q3]
78% less call options, than puts
Call options by funds: $31K | Put options by funds: $143K
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$27
10%
upside
Avg. target
$28
12%
upside
High target
$28
14%
upside
2 analyst ratings
0 positive
0%
2 neutral
100%
0 negative
0%
Keefe, Bruyette & Woods Damon Delmonte 43% 1-year accuracy 9 / 21 met price target | 14%upside $28 | Market Perform Maintained | 4 Dec 2024 |
Piper Sandler Nathan Race 95% 1-year accuracy 20 / 21 met price target | 10%upside $27 | Neutral Maintained | 29 Oct 2024 |
Financial journalist opinion
Positive
Zacks Investment Research
1 week ago
Should Value Investors Buy Midland States Bancorp (MSBI) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Positive
Zacks Investment Research
3 weeks ago
Are Investors Undervaluing Midland States Bancorp (MSBI) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Positive
Zacks Investment Research
1 month ago
Midland States Bancorp (MSBI)'s Technical Outlook is Bright After Key Golden Cross
Midland States Bancorp, Inc. (MSBI) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, MSBI's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross.
Positive
Zacks Investment Research
1 month ago
Is Midland States Bancorp (MSBI) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Neutral
GlobeNewsWire
1 month ago
Midland States Bancorp, Inc. Announces Common Stock and Preferred Stock Dividends
EFFINGHAM, Ill., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ: MSBI) announced today that its Board of Directors declared a quarterly cash dividend of $0.31 per share of its common stock. The dividend is payable on November 25, 2024 to all shareholders of record as of the close of business on November 18, 2024.
Neutral
Zacks Investment Research
1 month ago
Midland States Bancorp (MSBI) Reports Q3 Earnings: What Key Metrics Have to Say
While the top- and bottom-line numbers for Midland States Bancorp (MSBI) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Positive
Zacks Investment Research
1 month ago
Midland States Bancorp (MSBI) Surpasses Q3 Earnings and Revenue Estimates
Midland States Bancorp (MSBI) came out with quarterly earnings of $0.74 per share, beating the Zacks Consensus Estimate of $0.63 per share. This compares to earnings of $0.78 per share a year ago.
Neutral
GlobeNewsWire
1 month ago
Midland States Bancorp, Inc. Announces 2024 Third Quarter Results
Third Quarter 2024 Highlights: Net income available to common shareholders of $16.2 million , or $0.74 per diluted share Adjusted pre-tax, pre-provision earnings of $27.5 million Tangible book value per share increased to $24.90 , compared to $23.36 at June 30, 2024 Common equity tier 1 capital ratio improved to 9.00% , compared to 8.64% at June 30, 2024 Net interest margin of 3.10% , compared to 3.12% in prior quarter Efficiency ratio of 62.8% , compared to 65.2% in prior quarter EFFINGHAM, Ill., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (Nasdaq: MSBI) (the “Company”) today reported net income available to common shareholders of $16.2 million, or $0.74 per diluted share, for the third quarter of 2024, compared to $4.5 million, or $0.20 per diluted share, for the second quarter of 2024.
Positive
Zacks Investment Research
1 month ago
Is Midland States Bancorp (MSBI) a Great Value Stock Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Positive
Zacks Investment Research
2 months ago
Should Value Investors Buy Midland States Bancorp (MSBI) Stock?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
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