Midland States Bancorp (NASDAQ:MSBI) Stock Passes Above 50-Day Moving Average – What’s Next?

Posted by Brian Himes on Jun 20th, 2026

Midland States Bancorp, Inc. (NASDAQ:MSBI – Get Free Report) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $26.78 and traded as high as $29.85. Midland States Bancorp shares last traded at $29.43, with a volume of 291,269 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. DA Davidson lifted their target price on Midland States Bancorp from $23.00 to $26.00 and gave the stock a “neutral” rating in a research report on Monday, April 27th. Zacks Research upgraded Midland States Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 28th. Piper Sandler lifted their price objective on shares of Midland States Bancorp from $25.50 to $28.00 and gave the stock a “neutral” rating in a report on Monday, April 27th. Weiss Ratings upgraded shares of Midland States Bancorp from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, May 4th. Finally, Wall Street Zen cut shares of Midland States Bancorp from a “buy” rating to a “hold” rating in a report on Sunday, May 24th. One equities research analyst has rated the stock with a Strong Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $23.90.

Get Our Latest Stock Report on Midland States Bancorp

Midland States Bancorp Stock Performance

The stock has a market capitalization of $610.08 million, a P/E ratio of 24.94 and a beta of 0.67. The stock has a 50 day moving average of $26.89 and a 200 day moving average of $23.69. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.78 and a current ratio of 0.78.

Midland States Bancorp (NASDAQ:MSBI – Get Free Report) last issued its earnings results on Thursday, April 23rd. The financial services provider reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.19. Midland States Bancorp had a return on equity of 11.55% and a net margin of 7.53%.The firm had revenue of $81.10 million for the quarter, compared to analyst estimates of $75.59 million. Equities analysts predict that Midland States Bancorp, Inc. will post 3.17 EPS for the current year.

Midland States Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 15th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Friday, May 15th. Midland States Bancorp’s dividend payout ratio (DPR) is 108.47%.

Midland States Bancorp announced that its Board of Directors has authorized a stock buyback plan on Wednesday, May 6th that permits the company to repurchase $45.00 million in outstanding shares. This repurchase authorization permits the financial services provider to purchase up to 8% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Insider Transactions at Midland States Bancorp

In other news, Director Travis Franklin bought 9,400 shares of Midland States Bancorp stock in a transaction on Tuesday, May 5th. The stock was purchased at an average cost of $26.49 per share, with a total value of $249,006.00. Following the purchase, the director directly owned 9,400 shares of the company’s stock, valued at approximately $249,006. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 8.57% of the stock is owned by insiders.

Institutional Investors Weigh In On Midland States Bancorp

Hedge funds have recently made changes to their positions in the business. CANADA LIFE ASSURANCE Co grew its holdings in Midland States Bancorp by 33.1% in the 4th 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 in the last quarter. Amundi raised its stake in 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 acquiring an additional 620 shares in the last quarter. CIBC Private Wealth Group LLC bought a new stake in Midland States Bancorp during the 3rd quarter valued at $46,000. Quadrant Capital Group LLC boosted its position in Midland States Bancorp by 302.7% during the 4th quarter. Quadrant Capital Group LLC now owns 4,599 shares of the financial services provider’s stock worth $97,000 after acquiring an additional 3,457 shares during the period. Finally, Daytona Street Capital LLC acquired a new position in Midland States Bancorp during the 4th quarter worth $107,000. Institutional investors own 60.93% of the company’s stock.

About Midland States Bancorp

(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.