Midland States Bancorp (NASDAQ:MSBI) Upgraded to “Strong-Buy” at Zacks Research

Midland States Bancorp (NASDAQ:MSBI) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

MSBI has been the subject of several other reports. Wall Street Zen upgraded Midland States Bancorp from a “sell” rating to a “hold” rating in a research report on Friday. Keefe, Bruyette & Woods lifted their target price on Midland States Bancorp from $17.00 to $19.00 and gave the company a “market perform” rating in a report on Monday, December 8th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Midland States Bancorp in a research report on Monday, December 29th. Finally, Piper Sandler raised their price objective on shares of Midland States Bancorp from $18.00 to $19.00 and gave the company a “neutral” rating in a research report on Tuesday, December 2nd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $20.00.

Midland States Bancorp Price Performance

MSBI opened at $23.00 on Thursday. The firm has a 50-day moving average price of $20.17 and a 200-day moving average price of $18.34. Midland States Bancorp has a twelve month low of $14.24 and a twelve month high of $24.57. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $495.65 million, a price-to-earnings ratio of 22.77 and a beta of 0.66.

Midland States Bancorp (NASDAQ:MSBI) last released its quarterly earnings data on Thursday, January 22nd. The financial services provider reported $0.53 EPS 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 business had revenue of $85.79 million during the quarter, compared to the consensus estimate of $74.49 million. Equities analysts expect that Midland States Bancorp will post 2.53 EPS for the current year.

Midland States Bancorp declared that its board has approved a share buyback plan on Monday, November 3rd that permits the company to repurchase $25.00 million in outstanding shares. This repurchase authorization permits the financial services provider to reacquire up to 7.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

Insider Transactions at Midland States Bancorp

In other news, insider Daniel Edward Casey purchased 5,000 shares of the company’s stock in a transaction on Wednesday, December 3rd. The stock was purchased at an average price of $17.89 per share, with a total value of $89,450.00. Following the completion of the purchase, the insider directly owned 28,254 shares in the company, valued at approximately $505,464.06. This trade represents a 21.50% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Jeremy Andrew Jameson acquired 5,598 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The stock was purchased at an average price of $17.69 per share, with a total value of $99,028.62. Following the completion of the acquisition, the executive vice president directly owned 63,412 shares in the company, valued at approximately $1,121,758.28. This represents a 9.68% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 11,098 shares of company stock worth $197,324 in the last 90 days. Company insiders own 5.27% of the company’s stock.

Institutional Investors Weigh In On Midland States Bancorp

Hedge funds have recently made changes to their positions in the business. Amundi grew its holdings in shares of Midland States Bancorp by 39.4% during the 1st quarter. Amundi now owns 2,194 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 620 shares during the last quarter. CIBC Private Wealth Group LLC bought a new position in shares of Midland States Bancorp during the third quarter valued at about $46,000. Daytona Street Capital LLC bought a new position in shares of Midland States Bancorp during the fourth quarter valued at about $107,000. Quantbot Technologies LP increased its holdings in shares of Midland States Bancorp by 32.0% in the second quarter. Quantbot Technologies LP now owns 7,372 shares of the financial services provider’s stock worth $128,000 after buying an additional 1,787 shares during the period. Finally, AlphaQuest LLC lifted its stake in shares of Midland States Bancorp by 23,655.3% in the 2nd quarter. AlphaQuest LLC now owns 9,027 shares of the financial services provider’s stock valued at $156,000 after acquiring an additional 8,989 shares during the last quarter. 60.93% of the stock is currently owned by institutional investors.

Midland States Bancorp News Roundup

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.