Financial Services - Banks - Regional - NASDAQ - US
$ 25.12
0 %
$ 579 M
Market Cap
6.72
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 MSBIP stock under the base case scenario is HIDDEN Compared to the current market price of 25.1 USD, Midland States Bancorp, Inc. is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart MSBIP
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.
MSBIP has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
1.85%
DIVIDEND YIELD
0 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Midland States Bancorp, Inc.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
146 K USD 1
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
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 |
7. News
8. Profile Summary
Midland States Bancorp, Inc. MSBIP
COUNTRY
US
INDUSTRY
Banks - Regional
MARKET CAP
$ 579 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
Aug. 29, 2022
Employees
907
Officers
Mr. Eric T. Lemke CPA
Chief Financial Officer
Mr. Danny Leon Stevenson C.F.A., CFA
Senior Vice President of Banking
Mr. Kyle Mooney
Chief Information Officer
Mr. Jeffrey A. Brunoehler
Senior Vice President & Chief Credit Officer of Midland States Bank
Shonna Kracinski
Director of Human Resources
Mr. Jeffrey G. Ludwig CPA
President, Chief Executive Officer & Vice Chairman
Mr. Daniel E. Casey
Senior Vice President & Chief Risk Officer of Midland States Bank
Mr. Donald J. Spring
Chief Accounting Officer & Corporate Controller
Gerald Maloney
Chief Compliance Officer
Mr. Jeffrey S. Mefford
Executive Vice President