Financial Services - Banks - Regional - NASDAQ - US
$ 26.71
0.0374 %
$ 572 M
Market Cap
11.61
P/E
Midland States Bancorp, Inc. operates as a financial holding company for Midland States Bank that provides various banking products and services to individuals, businesses, municipalities, and other entities. It operates through Banking, Wealth Management, and Other segments. The company accepts various deposits, such as checking, savings, money market, and sweep accounts, as well as certificates of deposits. It also offers term loans to purchase capital equipment; lines of credit for working capital and operational purposes; commercial real estate loans for owner occupied and non-owner occupied commercial property, as well as farmland loans; construction and land development loans developers of commercial real estate investment properties, residential developments, individual clients for construction of single family homes, as well as to construct owner-user properties; and residential real estate loans and home equity lines of credit..[ Read More ]
The intrinsic value of one MSBI stock under the base case scenario is HIDDEN Compared to the current market price of 26.7 USD, Midland States Bancorp, Inc. is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart MSBI
FINANCIALS
281 M
REVENUE
108 M
OPERATING INCOME
75.5 M
NET INCOME
155 M
OPERATING CASH FLOW
-76.1 M
INVESTING CASH FLOW
-104 M
FINANCING CASH FLOW
72.4 M
REVENUE
22.6 M
OPERATING INCOME
18.8 M
NET INCOME
46.7 M
OPERATING CASH FLOW
-2.32 M
INVESTING CASH FLOW
-47.1 M
FINANCING CASH FLOW
Balance Sheet Decomposition
Midland States Bancorp, Inc.
| Current Assets | 135 M |
| Cash & Short-Term Investments | 135 M |
| Receivables | 0 |
| Other Current Assets | 0 |
| Non-Current Assets | 1.24 B |
| Long-Term Investments | 964 M |
| PP&E | 82.8 M |
| Other Non-Current Assets | 198 M |
| Current Liabilities | 3.38 B |
| Accounts Payable | 110 M |
| Short-Term Debt | 185 M |
| Other Current Liabilities | 3.09 B |
| Non-Current Liabilities | 7.04 B |
| Long-Term Debt | 334 M |
| Other Non-Current Liabilities | 6.71 B |
EFFICIENCY
Earnings Waterfall
Midland States Bancorp, Inc.
| Revenue | 281 M |
| Cost Of Revenue | 0 |
| Gross Profit | 281 M |
| Operating Expenses | 298 M |
| Operating Income | 108 M |
| Other Expenses | 32.1 M |
| Net Income | 75.5 M |
RATIOS
100.00%
GROSS MARGIN
38.22%
OPERATING MARGIN
26.81%
NET MARGIN
9.53%
ROE
0.96%
ROA
5.76%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Midland States Bancorp, Inc.
| Net Income | 75.5 M |
| Depreciation & Amortization | 12.7 M |
| Capital Expenditures | -8.73 M |
| Stock-Based Compensation | 2.49 M |
| Change in Working Capital | 4.31 M |
| Others | 64 M |
| Free Cash Flow | 146 M |
Wall Street Analysts Price Targets
Midland States Bancorp, Inc.
Wall Street analysts predict an average 1-year price target for MSBI of $25.8 , with forecasts ranging from a low of $24.5 to a high of $27 .
MSBI Lowest Price Target
Wall Street Target
24.5 USD
-8.27%
MSBI Average Price Target
Wall Street Target
25.8 USD
-3.59%
MSBI Highest Price Target
Wall Street Target
27 USD
1.09%
4. DIVIDEND ANALYSIS
1.85%
DIVIDEND YIELD
0.31 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Midland States Bancorp, Inc.
Sold
0-3 MONTHS
465 K USD 3
3-6 MONTHS
173 K USD 1
6-9 MONTHS
85.8 K USD 1
9-12 MONTHS
146 K USD 1
Bought
0 USD 0
0-3 MONTHS
49.9 K USD 1
3-6 MONTHS
24.2 K USD 1
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
5 days ago
Nov 11, 2024
|
Sell 11.6 K USD
|
Spring Donald J.
Chief Accounting Officer |
- 431
|
27.001 USD |
|
1 week ago
Nov 06, 2024
|
Sell 115 K USD
|
Schultz Robert F.
Director |
- 4262.294
|
27 USD |
|
1 week ago
Nov 07, 2024
|
Sell 8.56 K USD
|
Spring Donald J.
Chief Accounting Officer |
- 311
|
27.518 USD |
|
1 week ago
Nov 05, 2024
|
Sell 17.1 K USD
|
Spring Donald J.
Chief Accounting Officer |
- 689
|
24.8105 USD |
|
2 weeks ago
Oct 29, 2024
|
Sell 313 K USD
|
Ludwig Jeffrey G.
President & CEO |
- 12753
|
24.5184 USD |
|
5 months ago
Jun 13, 2024
|
Bought 49.9 K USD
|
McDonnell Jeffrey M
Director |
+ 2290
|
21.8 USD |
|
5 months ago
Jun 11, 2024
|
Sell 26.3 K USD
|
Spring Donald J.
Chief Accounting Officer |
- 1197
|
22.0032 USD |
|
5 months ago
Jun 12, 2024
|
Sell 147 K USD
|
Spring Donald J.
Chief Accounting Officer |
- 6661
|
22.0659 USD |
|
6 months ago
May 03, 2024
|
Sell 85.8 K USD
|
Tucker Douglas J.
SVP Corporate Counsel |
- 3577
|
24 USD |
|
8 months ago
Mar 12, 2024
|
Bought 24.2 K USD
|
Carlson Gerald Joseph
Director |
+ 1000
|
24.225 USD |
|
10 months ago
Dec 20, 2023
|
Sell 84.8 K USD
|
Spring Donald J.
Chief Accounting Officer |
- 3031
|
27.97 USD |
|
11 months ago
Dec 13, 2023
|
Sell 61 K USD
|
Spring Donald J.
Chief Accounting Officer |
- 2349
|
25.97 USD |
|
1 year ago
Nov 10, 2023
|
Sell 46.3 K USD
|
Spring Donald J.
Chief Accounting Officer |
- 2048
|
22.5945 USD |
|
2 years ago
Jun 10, 2022
|
Bought 21.2 K USD
|
Smith Jeffrey C.
Director |
+ 853
|
24.798 USD |
|
1 year ago
May 16, 2023
|
Bought 16.3 K USD
|
Tucker Douglas J.
SVP Corporate Counsel |
+ 800
|
20.35 USD |
|
1 year ago
May 04, 2023
|
Bought 9.3 K USD
|
Tucker Douglas J.
SVP Corporate Counsel |
+ 500
|
18.59 USD |
|
1 year ago
May 02, 2023
|
Bought 99.6 K USD
|
Bingham Richard Dean
Director |
+ 5200
|
19.15 USD |
|
1 year ago
Apr 28, 2023
|
Sell 32.3 K USD
|
Mefford Jeffrey S.
President |
- 1600
|
20.2143 USD |
|
1 year ago
Mar 31, 2023
|
Sell 34.1 K USD
|
Mefford Jeffrey S.
President |
- 1600
|
21.3265 USD |
|
1 year ago
Mar 13, 2023
|
Bought 7.63 K USD
|
Smith Jeffrey C.
Director |
+ 330
|
23.13 USD |
|
1 year ago
Mar 14, 2023
|
Bought 15.9 K USD
|
Schultz Robert F.
Director |
+ 674
|
23.55 USD |
|
1 year ago
Mar 13, 2023
|
Bought 19.9 K USD
|
Tucker Douglas J.
SVP Corporate Counsel |
+ 800
|
24.92 USD |
|
1 year ago
Mar 10, 2023
|
Bought 11.1 K USD
|
Schultz Robert F.
Director |
+ 476
|
23.41 USD |
|
1 year ago
Mar 10, 2023
|
Bought 1.06 K USD
|
Schultz Robert F.
Director |
+ 45
|
23.55 USD |
|
1 year ago
Feb 28, 2023
|
Sell 41.8 K USD
|
Mefford Jeffrey S.
President |
- 1600
|
26.1269 USD |
|
1 year ago
Feb 07, 2023
|
Bought 17.4 K USD
|
Spring Donald J.
Chief Accounting Officer |
+ 673
|
25.8478 USD |
|
1 year ago
Feb 06, 2023
|
Bought 3.28 K USD
|
Spring Donald J.
Chief Accounting Officer |
+ 127
|
25.85 USD |
|
1 year ago
Feb 02, 2023
|
Bought 18.1 K USD
|
Tucker Douglas J.
SVP Corporate Counsel |
+ 700
|
25.9 USD |
|
1 year ago
Jan 31, 2023
|
Sell 40.4 K USD
|
Mefford Jeffrey S.
President |
- 1600
|
25.2326 USD |
|
2 years ago
Aug 17, 2022
|
Bought 100 K USD
|
Bingham Richard Dean
Director |
+ 4000
|
25 USD |
|
1 year ago
Dec 30, 2022
|
Sell 17.1 K USD
|
Mefford Jeffrey S.
director: President |
- 639
|
26.688 USD |
|
1 year ago
Dec 30, 2022
|
Sell 25.7 K USD
|
Mefford Jeffrey S.
director: President |
- 961
|
26.7022 USD |
|
1 year ago
Nov 30, 2022
|
Sell 42.2 K USD
|
Mefford Jeffrey S.
director: President |
- 1600
|
26.3619 USD |
|
1 year ago
Nov 28, 2022
|
Bought 50.9 K USD
|
Tucker Douglas J.
director: SVP Corporate Counsel |
+ 2000
|
25.45 USD |
|
2 years ago
Nov 07, 2022
|
Sell 20 K USD
|
Lemke Eric
director: Chief Financial Officer |
- 725
|
27.5753 USD |
|
2 years ago
Oct 31, 2022
|
Sell 45 K USD
|
Mefford Jeffrey S.
director: President |
- 1600
|
28.1141 USD |
|
2 years ago
Sep 30, 2022
|
Sell 38.1 K USD
|
Mefford Jeffrey S.
director: President |
- 1600
|
23.8382 USD |
|
2 years ago
Aug 31, 2022
|
Sell 23 K USD
|
Mefford Jeffrey S.
President |
- 900
|
25.5091 USD |
|
2 years ago
Aug 31, 2022
|
Sell 17.9 K USD
|
Mefford Jeffrey S.
director: President |
- 700
|
25.519 USD |
|
2 years ago
Aug 17, 2022
|
Bought 500 K USD
|
McDaniel Jerry L.
director: |
+ 20000
|
25 USD |
|
2 years ago
Jul 29, 2022
|
Sell 42.4 K USD
|
Mefford Jeffrey S.
director: President |
- 1600
|
26.5053 USD |
|
2 years ago
Jun 30, 2022
|
Sell 38.6 K USD
|
Mefford Jeffrey S.
director: President |
- 1600
|
24.099 USD |
|
2 years ago
Jun 06, 2022
|
Sell 42 K USD
|
Mefford Jeffrey S.
director: President |
- 1600
|
26.2528 USD |
|
2 years ago
May 20, 2022
|
Bought 61.9 K USD
|
McDaniel Jerry L.
director: |
+ 2500
|
24.7679 USD |
|
2 years ago
May 13, 2022
|
Bought 127 K USD
|
McDaniel Jerry L.
director: |
+ 5000
|
25.3623 USD |
|
2 years ago
May 12, 2022
|
Sell 13.4 K USD
|
Mefford Jeffrey S.
director: President |
- 532
|
25.15 USD |
|
2 years ago
Feb 18, 2022
|
Sell 197 K USD
|
Mefford Jeffrey S.
President |
- 6602
|
29.81 USD |
|
2 years ago
Feb 01, 2022
|
Sell 347 K USD
|
Mefford Jeffrey S.
President |
- 12180
|
28.53 USD |
|
2 years ago
Dec 28, 2021
|
Sell 306 K USD
|
Mefford Jeffrey S.
President |
- 12179
|
25.14 USD |
|
2 years ago
Dec 13, 2021
|
Bought 47.6 K USD
|
Tucker Douglas J.
director: SVP Corporate Counsel |
+ 2000
|
23.8 USD |
|
3 years ago
Nov 16, 2021
|
Sell 13 K USD
|
Brunoehler Jeffrey A.
SVP Credit - CCO |
- 514
|
25.3848 USD |
|
3 years ago
Nov 10, 2021
|
Sell 17.8 K USD
|
Brunoehler Jeffrey A.
director: SVP Credit - CCO |
- 693
|
25.658 USD |
|
3 years ago
Nov 09, 2021
|
Sell 34.8 K USD
|
Brunoehler Jeffrey A.
SVP Credit - CCO |
- 1362
|
25.5298 USD |
|
3 years ago
Sep 14, 2021
|
Bought 7.86 K USD
|
Smith Jeffrey C.
Director |
+ 330
|
23.807 USD |
|
3 years ago
May 05, 2021
|
Sell 13.6 K USD
|
Lemke Eric
Chief Financial Officer |
- 472
|
28.74 USD |
|
3 years ago
Mar 12, 2021
|
Sell 155 K USD
|
Brunoehler Jeffrey A.
SVP Credit - CCO |
- 5154
|
30 USD |
|
3 years ago
Mar 12, 2021
|
Sell 107 K USD
|
Tucker Douglas J.
director: SVP Corporate Counsel |
- 3576
|
30 USD |
|
3 years ago
Mar 11, 2021
|
Sell 139 K USD
|
Brunoehler Jeffrey A.
SVP Credit - CCO |
- 4764
|
29.0803 USD |
|
3 years ago
Mar 11, 2021
|
Sell 140 K USD
|
Brunoehler Jeffrey A.
SVP Credit - CCO |
- 4829
|
29.0783 USD |
|
3 years ago
Mar 11, 2021
|
Sell 140 K USD
|
Brunoehler Jeffrey A.
director: SVP Credit - CCO |
- 4829
|
29.0783 USD |
|
3 years ago
Mar 08, 2021
|
Sell 47.9 K USD
|
Spring Donald J.
Chief Accounting Officer |
- 1658
|
28.9 USD |
|
3 years ago
Mar 04, 2021
|
Sell 40.3 K USD
|
Spring Donald J.
Chief Accounting Officer |
- 1500
|
26.8757 USD |
|
3 years ago
Mar 05, 2021
|
Sell 135 K USD
|
Tucker Douglas J.
SVP Corporate Counsel |
- 5000
|
27.03 USD |
|
3 years ago
Feb 22, 2021
|
Sell 45.6 K USD
|
Tucker Douglas J.
SVP Corporate Counsel |
- 2000
|
22.79 USD |
|
3 years ago
Feb 17, 2021
|
Sell 21.5 K USD
|
Tucker Douglas J.
SVP Corporate Counsel |
- 1000
|
21.5 USD |
|
3 years ago
Nov 24, 2020
|
Sell 94.8 K USD
|
Ludwig Jeffrey G.
President & CEO |
- 5000
|
18.9693 USD |
7. News
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.
zacks.com
- 2 days 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.
zacks.com
- 1 week 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.
globenewswire.com
- 1 week 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.
zacks.com
- 3 weeks 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.
zacks.com
- 3 weeks 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.
globenewswire.com
- 3 weeks 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.
zacks.com
- 3 weeks 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.
zacks.com
- 1 month ago
Midland States Bancorp, Inc. to Announce Third Quarter 2024 Financial Results on Thursday, October 24
EFFINGHAM, Ill., Oct. 04, 2024 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ: MSBI) announced today that it will issue its third quarter 2024 financial results after market close on Thursday, October 24, 2024. Along with the press release announcing the financial results, the Company will publish an investor presentation that will be available on the Webcasts and Presentations page of its investor relations website.
globenewswire.com
- 1 month ago
Midland States Bancorp: Some Improvement, But Still Avoiding Preferred Shares
Midland States Bancorp faces challenges with declining net interest income, deposit loss, and increased reliance on external financing. The bank has improved its allowance for credit losses, but still faces risks with non-accrual loans and potential loan losses. Common shares are avoided due to uncertainty, while preferred shares are upgraded to a hold pending further developments.
seekingalpha.com
- 3 months ago
Midland States Bancorp, Inc. Announces Common Stock and Preferred Stock Dividends
EFFINGHAM, Ill., Aug. 06, 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 August 23, 2024 to all shareholders of record as of the close of business on August 16, 2024.
globenewswire.com
- 3 months ago
Compared to Estimates, Midland States Bancorp (MSBI) Q2 Earnings: A Look at Key Metrics
The headline numbers for Midland States Bancorp (MSBI) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
zacks.com
- 3 months ago
8. Profile Summary
Midland States Bancorp, Inc. MSBI
COUNTRY
US
INDUSTRY
Banks - Regional
MARKET CAP
$ 572 M
Dividend Yield
1.85%
Description
Midland States Bancorp, Inc. operates as a financial holding company for Midland States Bank that provides various banking products and services to individuals, businesses, municipalities, and other entities. It operates through Banking, Wealth Management, and Other segments. The company accepts various deposits, such as checking, savings, money market, and sweep accounts, as well as certificates of deposits. It also offers term loans to purchase capital equipment; lines of credit for working capital and operational purposes; commercial real estate loans for owner occupied and non-owner occupied commercial property, as well as farmland loans; construction and land development loans developers of commercial real estate investment properties, residential developments, individual clients for construction of single family homes, as well as to construct owner-user properties; and residential real estate loans and home equity lines of credit.. In addition, the company provides consumer installment loans for the purchase of cars, boats, and other recreational vehicles, as well as for the purchase of major appliances and other home improvement projects; commercial equipment leasing; and trust and wealth management products and services, including financial and estate planning, trustee and custodial services, investment management, tax and insurance planning, business planning, corporate retirement plan consulting and administration, and retail brokerage services. As of December 31, 2021, it operated 52 full-service banking offices. The company was founded in 1881 and is headquartered in Effingham, Illinois.
Contact
1201 Network Centre Drive, Effingham, IL, 62401
https://www.midlandsb.com
IPO Date
May 24, 2016
Employees
907
Officers
Mr. Kyle Mooney
Chief Information Officer
Shonna Kracinski
Director of Human Resources
Mr. Daniel E. Casey
Senior Vice President & Chief Risk Officer of Midland States Bank
Mr. Jeffrey A. Brunoehler
Senior Vice President & Chief Credit Officer of Midland States Bank
Mr. Danny Leon Stevenson C.F.A., CFA
Senior Vice President of Banking
Gerald Maloney
Chief Compliance Officer
Mr. Donald J. Spring
Chief Accounting Officer & Corporate Controller
Mr. Eric T. Lemke CPA
Chief Financial Officer
Mr. Jeffrey G. Ludwig CPA
President, Chief Executive Officer & Vice Chairman
Mr. Jeffrey S. Mefford
Executive Vice President