Midland States Bancorp screens cheap with modest insider buying support, but a three-quarter earnings-miss streak and elevated options hedging temper the value case.
Thesis pillars
- Cheap Forward Valuation↑Improving
- Consecutive Earnings Misses↑Improving
- Modest Insider Buying↑Improving
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Jul 5, 2026, based on the 10-K filed Mar 2, 2026
Midland States Bancorp, Inc. (MSBI) Stock Analysis
Breakout setup · Inst Constrain edge
Financial Services · Banks - Regional
Hold if already holding. Not a fresh buy at $34.25, but acceptable to hold if already in. Reasons: Analyst target reached - limited upside remaining; Near 52-week high (2.4% away).
Midland States Bancorp is the holding company for Midland States Bank, an Illinois-chartered community bank with $6.51 billion in total assets operating 53 branches across Illinois and the St. Louis, Missouri metropolitan area. The company earns revenue through commercial and... Read more
Hold if already holding. Not a fresh buy at $34.25, but acceptable to hold if already in. Reasons: Analyst target reached - limited upside remaining; Near 52-week high (2.4% away). Chart setup: Golden cross, above all MAs, RSI 69, MACD bullish. Maintain position. Not compelling to add more. Score 6.5/10, moderate confidence.
Passes 7/9 gates (positive momentum, clean insider activity, news boost analyst 0.50, news boost analyst cluster(4), earnings proximity 84d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: aggressive.
Recent developments
updated 2026-10-29Recent Developments — Midland States Bancorp, Inc.
Latest news
- NEWS MSBI Q2 2026 Earnings: EPS Beats Estimate by 2.72% as Shares Slip 1.0% - Next Quarter Guidance - https://www.siam.in/ — https://www.siam.in/ positive
- NEWS Midland States Bancorp Inc expected to post earnings of 78 cents a share - Earnings Preview - TradingView — TradingView neutral
- NEWS Midland States Bancorp (NASDAQ:MSBI) Reaches New 52-Week High - Should You Buy? - MarketBeat — MarketBeat positive
- NEWS Midland States Bancorp, Inc. (NASDAQ:MSBI) Stock Rated "Hold" by Wall Street Analysts - MarketBeat — MarketBeat neutral
- NEWS Midland States Bancorp (NASDAQ:MSBI) Shows Steady Improvement with Q2 Earnings Beat, Qualifying as a Quality Regional Ba — ChartMill positive
Generated 2026-10-29T11:20:25Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Material Events(8-K, last 90d)
- 2026-05-11Item 5.02LOWOn May 11, 2026 Midland States Bancorp announced Claire A. Stack was appointed EVP and CFO of the company and Midland States Bank effective May 8, 2026, after serving as interim CFO since March 2026. Formalization of an existing interim role; no departure or dispute cited.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
1 floor-breaker·1 ceiling hit
Technicals below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $34.25, but acceptable to hold if already in. Reasons: Analyst target reached - limited upside remaining; Near 52-week high (2.4% away). Chart setup: Golden cross, above all MAs, RSI 69, MACD bullish. Maintain position. Not compelling to add more. Analyst target $29.54 reached (−13.8%), stop $32.65 (−4.9%), A.R:R -1.6:1. Score 6.5/10, moderate confidence.
Analyst target $29.54 reached (−13.8% from $34.25); no take-profit level is published. Analyst target $29.54 reached (−13.8%), stop $32.65 (−4.9%), A.R:R -1.6:1. Stop-loss: $32.65.
Analyst target reached - limited upside remaining; Near 52-week high (2.4% away); V7 low-quality RISK_OFF penalty: -0.5 (Q=5.3).
Midland States Bancorp, Inc. trades at a P/E of 15.1 (forward 9.9). TrendMatrix value score: 7.8/10. Verdict: Hold.
10 analysts cover MSBI with a consensus score of 2.5/5. Average price target: $35.
What does Midland States Bancorp, Inc. do?Midland States Bancorp is the holding company for Midland States Bank, an Illinois-chartered community bank with $6.51...
Midland States Bancorp is the holding company for Midland States Bank, an Illinois-chartered community bank with $6.51 billion in total assets operating 53 branches across Illinois and the St. Louis, Missouri metropolitan area. The company earns revenue through commercial and retail lending, deposit-taking, and wealth management services, with its wealth management group overseeing approximately $4.48 billion in assets under administration as of December 31, 2025. Midland's lending strategy targets middle-market businesses and diversified commercial real estate, consumer, and agricultural loan