Midland States Bancorp, Inc. (NASDAQ:MSBI) Receives $29.10 Average Target Price from Brokerages

Posted by Geri Gentry on Aug 29th, 2026

Midland States Bancorp, Inc. (NASDAQ:MSBI – Get Free Report) has been given a consensus recommendation of “Hold” by the six brokerages that are presently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $29.10.

MSBI has been the topic of several research analyst reports. Keefe, Bruyette & Woods boosted their price target on shares of Midland States Bancorp from $28.00 to $31.00 and gave the stock a “market perform” rating in a research note on Monday, July 27th. DA Davidson lifted their target price on Midland States Bancorp from $30.00 to $33.00 and gave the stock a “neutral” rating in a report on Monday, July 27th. Weiss Ratings reiterated a “hold (c)” rating on shares of Midland States Bancorp in a research report on Friday, July 31st. Piper Sandler increased their price target on Midland States Bancorp from $32.00 to $35.00 and gave the company a “neutral” rating in a research note on Tuesday, July 28th. Finally, Wall Street Zen downgraded Midland States Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd.

Get Our Latest Research Report on MSBI

Insiders Place Their Bets

In other news, CEO Jeffrey G. Ludwig sold 8,383 shares of the business’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $34.00, for a total value of $285,022.00. Following the sale, the chief executive officer directly owned 400,971 shares in the company, valued at $13,633,014. The trade was a 2.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Kyle Owen Mooney sold 1,198 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $33.51, for a total transaction of $40,144.98. Following the completion of the sale, the chief operating officer owned 14,099 shares in the company, valued at approximately $472,457.49. This trade represents a 7.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 10,070 shares of company stock valued at $341,382 over the last three months. Corporate insiders own 8.57% of the company’s stock.

Hedge Funds Weigh In On Midland States Bancorp

Institutional investors and hedge funds have recently modified their holdings of the stock. Legal & General Group Plc purchased a new stake in Midland States Bancorp during the 2nd quarter valued at $58,000. CANADA LIFE ASSURANCE Co boosted its stake in Midland States Bancorp by 33.1% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 2,022 shares of the financial services provider’s stock worth $43,000 after buying an additional 503 shares during the period. Amundi increased its position in Midland States Bancorp by 39.4% during the first quarter. Amundi now owns 2,194 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 620 shares during the last quarter. CIBC Private Wealth Group LLC bought a new position in Midland States Bancorp during the third quarter valued at $46,000. Finally, Quadrant Capital Group LLC raised its stake in shares of Midland States Bancorp by 302.7% in the fourth quarter. Quadrant Capital Group LLC now owns 4,599 shares of the financial services provider’s stock valued at $97,000 after acquiring an additional 3,457 shares during the period. Hedge funds and other institutional investors own 60.93% of the company’s stock.

Midland States Bancorp Stock Up 0.5%

Shares of MSBI opened at $33.00 on Monday. The business’s 50 day moving average is $32.03 and its 200 day moving average is $27.30. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.73. Midland States Bancorp has a 12-month low of $14.24 and a 12-month high of $35.10. The company has a market capitalization of $684.75 million, a PE ratio of 21.15 and a beta of 0.66.

Midland States Bancorp (NASDAQ:MSBI – Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.04. Midland States Bancorp had a net margin of 9.40% and a return on equity of 13.32%. The business had revenue of $83.74 million during the quarter, compared to analyst estimates of $80.70 million. Research analysts expect that Midland States Bancorp will post 3.4 earnings per share for the current fiscal year.

Midland States Bancorp announced that its board has initiated a share buyback plan on Wednesday, May 6th that allows the company to buyback $45.00 million in outstanding shares. This buyback authorization allows the financial services provider to reacquire up to 8% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Midland States Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 21st. Investors of record on Friday, August 14th were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Friday, August 14th. This is a positive change from Midland States Bancorp’s previous quarterly dividend of $0.32. This represents a $1.32 dividend on an annualized basis and a yield of 4.0%. Midland States Bancorp’s payout ratio is currently 84.62%.

Midland States Bancorp Company Profile

(Get Free Report)

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.