Midland States Bancorp (NASDAQ:MSBI) Upgraded at Zacks Research

Zacks Research upgraded shares of Midland States Bancorp (NASDAQ:MSBI) from a hold rating to a strong-buy rating in a research note published on Thursday morning,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the stock. Keefe, Bruyette & Woods boosted their target price on shares of Midland States Bancorp from $17.00 to $19.00 and gave the company a “market perform” rating in a research report on Monday, December 8th. Piper Sandler lifted their price objective on shares of Midland States Bancorp from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 2nd. Weiss Ratings reissued a “sell (d+)” rating on shares of Midland States Bancorp in a report on Monday, December 29th. Finally, Wall Street Zen raised shares of Midland States Bancorp from a “sell” rating to a “hold” rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Midland States Bancorp presently has a consensus rating of “Hold” and an average price target of $20.00.

Midland States Bancorp Price Performance

Midland States Bancorp stock opened at $23.00 on Thursday. The company has a market capitalization of $495.65 million, a price-to-earnings ratio of 22.77 and a beta of 0.66. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.95. Midland States Bancorp has a 12 month low of $14.24 and a 12 month high of $24.57. The stock’s 50 day moving average is $20.17 and its 200-day moving average is $18.33.

Midland States Bancorp (NASDAQ:MSBI) last released its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.17). Midland States Bancorp had a return on equity of 10.41% and a net margin of 6.62%.The firm had revenue of $85.79 million for the quarter, compared to analyst estimates of $74.49 million. Equities research analysts expect that Midland States Bancorp will post 2.53 EPS for the current year.

Midland States Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Friday, November 14th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend was Friday, November 14th. Midland States Bancorp’s dividend payout ratio is 126.73%.

Midland States Bancorp announced that its Board of Directors has authorized a share buyback program on Monday, November 3rd that permits the company to buyback $25.00 million in shares. This buyback authorization permits the financial services provider to reacquire up to 7.3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In other Midland States Bancorp news, EVP Jeremy Andrew Jameson purchased 5,598 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The shares were bought at an average price of $17.69 per share, for a total transaction of $99,028.62. Following the purchase, the executive vice president owned 63,412 shares in the company, valued at approximately $1,121,758.28. This trade represents a 9.68% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Daniel Edward Casey purchased 5,000 shares of the stock in a transaction dated Wednesday, December 3rd. The shares were acquired at an average cost of $17.89 per share, with a total value of $89,450.00. Following the acquisition, the insider directly owned 28,254 shares in the company, valued at $505,464.06. This represents a 21.50% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 11,098 shares of company stock worth $197,324 over the last three months. 5.27% of the stock is currently owned by insiders.

Institutional Trading of Midland States Bancorp

Several large investors have recently bought and sold shares of the business. Amundi raised its stake in Midland States Bancorp by 39.4% during the first quarter. Amundi now owns 2,194 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 620 shares in the last quarter. Valeo Financial Advisors LLC grew its holdings in shares of Midland States Bancorp by 5.3% during the 2nd quarter. Valeo Financial Advisors LLC now owns 19,126 shares of the financial services provider’s stock valued at $331,000 after purchasing an additional 955 shares during the last quarter. Federated Hermes Inc. grew its holdings in shares of Midland States Bancorp by 3.4% during the 3rd quarter. Federated Hermes Inc. now owns 32,790 shares of the financial services provider’s stock valued at $562,000 after purchasing an additional 1,071 shares during the last quarter. First Trust Advisors LP increased its position in Midland States Bancorp by 8.1% during the 2nd quarter. First Trust Advisors LP now owns 14,385 shares of the financial services provider’s stock worth $249,000 after purchasing an additional 1,084 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC increased its position in Midland States Bancorp by 5.9% during the 2nd quarter. Campbell & CO Investment Adviser LLC now owns 27,459 shares of the financial services provider’s stock worth $476,000 after purchasing an additional 1,531 shares in the last quarter. 60.93% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Midland States Bancorp

Here are the key news stories impacting Midland States Bancorp this week:

• Positive Sentiment: Zacks upgraded MSBI to a Zacks Rank #1 (Strong Buy), citing improved earnings prospects and upside potential from company tailwinds. Midland States Bancorp (MSBI) Upgraded to Strong Buy: Here’s Why
• Positive Sentiment: Zacks added MSBI to its “Best Value Stocks to Buy” list (Zacks Rank #1), highlighting value metrics that could attract investors if fundamentals improve. Best Value Stocks to Buy for January 23rd
• Positive Sentiment: Zacks also included MSBI on its “Best Income Stocks to Buy” list, suggesting dividend/income-seeking investors may view the stock favorably. Best Income Stocks to Buy for January 23rd
• Neutral Sentiment: Company press release: Midland posted its Q4 2025 results and provided GAAP figures showing a net loss available to common shareholders of $5.1M (‑$0.24 per diluted share) while comparing sequential and year‑ago results. Midland States Bancorp, Inc. Announces 2025 Fourth Quarter Results
• Neutral Sentiment: Local earnings snapshot and coverage provide additional context on Q4 results and trends but add no new catalyst beyond the company release. Midland States Bancorp: Q4 Earnings Snapshot
• Neutral Sentiment: Zacks published a metrics comparison of Q4 results vs. estimates and year‑ago numbers to help parse the mixed signals in the quarter. Compared to Estimates, Midland States Bancorp (MSBI) Q4 Earnings: A Look at Key Metrics
• Negative Sentiment: MSBI missed Q4 EPS expectations: reported $0.53 (miss vs. Zacks consensus $0.70), which triggered concern over near‑term profitability despite revenue beats. Midland States Bancorp (MSBI) Misses Q4 Earnings Estimates
• Negative Sentiment: Market commentary highlights the mixed quarter: revenue beat ($85.8M vs. est. $74.5M) but negative ROE and net margin and an EPS shortfall have investors trimming positions. View Press Release / Market Commentary
• Negative Sentiment: AAII explains the sell‑off (stock down sizable %) as investors reacting to the EPS miss, continued negative profitability metrics, and uncertainty on when consistent earnings will return. Why Midland States Bancorp, Inc.’s (MSBI) Stock Is Down 5.58%

Midland States Bancorp Company Profile

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.