Woodmont Investment Counsel LLC Buys New Shares in Midland States Bancorp, Inc. $MSBI

Posted by Geri Gentry on Nov 2nd, 2026

Woodmont Investment Counsel LLC bought a new position in shares of Midland States Bancorp, Inc. (NASDAQ:MSBI – Free Report) in the third quarter, Holdings Channel reports. The fund bought 27,901 shares of the financial services provider’s stock, valued at approximately $897,000.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Midland States Bancorp in the second quarter worth approximately $90,950,000. Patriot Financial Partners GP II L.P. acquired a new stake in shares of Midland States Bancorp during the 1st quarter valued at $9,783,000. Rhino Investment Partners Inc lifted its position in shares of Midland States Bancorp by 22.5% during the 1st quarter. Rhino Investment Partners Inc now owns 320,288 shares of the financial services provider’s stock valued at $7,146,000 after acquiring an additional 58,754 shares during the last quarter. Algert Global LLC lifted its position in shares of Midland States Bancorp by 46.1% during the 2nd quarter. Algert Global LLC now owns 200,545 shares of the financial services provider’s stock valued at $6,245,000 after acquiring an additional 63,314 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Midland States Bancorp by 9.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 198,525 shares of the financial services provider’s stock worth $4,429,000 after acquiring an additional 16,637 shares in the last quarter. 60.93% of the stock is currently owned by institutional investors.

Insider Activity at Midland States Bancorp

In other news, COO Kyle Mooney sold 2,400 shares of Midland States Bancorp stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $33.33, for a total transaction of $79,992.00. Following the transaction, the chief operating officer owned 13,610 shares in the company, valued at approximately $453,621.30. The trade was a 14.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 4,087 shares of company stock valued at $136,352 over the last ninety days. Company insiders own 8.57% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. 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. Stephens upped their target price on Midland States Bancorp from $34.00 to $36.00 and gave the company an “equal weight” rating in a report on Tuesday, October 27th. Wall Street Zen lowered Midland States Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, August 22nd. Weiss Ratings cut Midland States Bancorp from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, October 27th. Finally, Piper Sandler lifted their price target on Midland States Bancorp from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Monday, October 26th. Six analysts have rated the stock with a Hold rating. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $32.50.

View Our Latest Stock Analysis on MSBI

Midland States Bancorp Price Performance

Shares of NASDAQ:MSBI opened at $32.81 on Monday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.74 and a current ratio of 0.74. The company has a market cap of $680.87 million, a PE ratio of 14.45 and a beta of 0.66. Midland States Bancorp, Inc. has a 52 week low of $14.24 and a 52 week high of $35.10. The firm has a 50 day simple moving average of $32.96 and a 200 day simple moving average of $28.18.

Midland States Bancorp (NASDAQ:MSBI – Get Free Report) last posted its quarterly earnings data on Thursday, October 22nd. The financial services provider reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.06. Midland States Bancorp had a net margin of 12.80% and a return on equity of 17.13%. The firm had revenue of $86.14 million for the quarter, compared to analysts’ expectations of $83.77 million. As a group, research analysts expect that Midland States Bancorp, Inc. will post 3.44 earnings per share for the current year.

Midland States Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 14th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 4.0%. This is a boost from Midland States Bancorp’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, August 14th. Midland States Bancorp’s payout ratio is 58.15%.

About Midland States Bancorp

(Free Report)

Midland States Bancorp, Inc is a financial holding company headquartered in Effingham, Illinois. Through its principal subsidiary, Midland States Bank, the company provides banking, wealth management and specialty finance services to individuals, families and businesses.

Its banking operations offer deposit accounts, commercial and residential real estate loans, consumer lending, commercial and industrial financing, treasury management and other cash-management services. The company also provides wealth management, trust and investment services, as well as equipment financing and leasing solutions for business customers.

Founded in 1881, Midland States Bank serves communities primarily in Illinois, Wisconsin and Ohio through a network of banking offices and other channels.