(MSBI) Midland States Bancorp - Overview
Sector: Financial Services | Industry: Banks - Regional | Exchange: NASDAQ (USA) | Market Cap: 550m USD | Total Return: 63.8% in 12m
Commercial Loans, Real Estate Mortgages, Equipment Leasing, Wealth Management
Total Rating 48
Safety 32
Buy Signal 2.09
Banks - Regional
Industry Rotation: +1.5
Industry Rotation: +1.5
Market Cap:
550M
Avg Turnover: 3.89M
Avg Turnover: 3.89M
Risk 3d forecast
Volatility38.4%
VaR 5th Pctl5.76%
VaR vs Median-10.1%
Reward TTM
Sharpe Ratio1.49
Rel. Str. IBD88.1
Rel. Str. Peer Group99.7
Character TTM
Beta0.904
Beta Downside1.195
Hurst Exponent0.578
Drawdowns 3y
Max DD44.34%
CAGR/Max DD0.41
CAGR/Mean DD1.02
EPS (Earnings per Share)
EPS CAGR: -5.59%
EPS Trend: -35.3%
EPS Trend: -35.3%
Last SUE: 0.17
Qual. Beats: 0
Qual. Beats: 0
Revenue
Rev. CAGR: 7.11%
Rev. Trend: -4.1%
Rev. Trend: -4.1%
Last SUE: 0.41
Qual. Beats: 0
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
Supp Ema20, Leader, Tailwind, Avwap Ph Week, Confidence
Description: MSBI Midland States Bancorp
Midland States Bancorp, Inc. (MSBI) is a financial holding company headquartered in Illinois, operating primarily through its subsidiary, Midland States Bank. The company provides a comprehensive suite of traditional banking services, including commercial and residential real estate lending, construction financing, and equipment leasing. Its business model is diversified across two core segments: Banking and Wealth Management, the latter of which provides fiduciary services, estate planning, and investment management.
As a regional bank, MSBI generates revenue primarily through the net interest margin-the difference between interest earned on loans and interest paid on deposits. Regional banks often face higher sensitivity to local economic conditions and interest rate fluctuations compared to diversified money-center banks. MSBI’s lending portfolio is notably broad, covering sectors ranging from hospitality and retail to multifamily housing and farmland.
Investors can further evaluate the companys valuation metrics and dividend history on ValueRay. Founded in 1881, the institution maintains a significant footprint in the Midwest, balancing asset-backed commercial lending with fee-based wealth management services to stabilize earnings volatility.
- Net interest margin compression amidst shifting Federal Reserve monetary policy cycles
- Commercial real estate loan concentration increases exposure to property market volatility
- Wealth management fee growth provides stable non-interest income diversification
- Operating efficiency improvements through branch consolidation and digital banking adoption
- Credit quality fluctuations in small business and agricultural loan portfolios
Piotroski VR‑10 (Strict)
5.0
| Net Income: 35.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA -0.44 > 1.0 |
| NWC/Revenue: -916.5% < 20% (prev 361.3%; Δ -1.28k% < -1%) |
| CFO/TA 0.02 > 3% & CFO 117.9m > Net Income 35.2m |
| Net Debt (-1.03b) to EBITDA (53.0m): -19.51 < 3 |
| Current Ratio: 0.26 > 1.5 & < 3 |
| Outstanding Shares: last quarter (21.3m) vs 12m ago -3.41% < -2% |
| Gross Margin: 59.70% > 18% (prev 0.69%; Δ 5.90k% > 0.5%) |
| Asset Turnover: 6.41% > 50% (prev 5.31%; Δ 1.10% > 0%) |
| Interest Coverage Ratio: 0.25 > 6 (EBITDA TTM 53.0m / Interest Expense TTM 138.6m) |
Altman Z''
-4.04
| A: -0.63 (Total Current Assets 1.48b - Total Current Liabilities 5.59b) / Total Assets 6.55b |
| B: 0.01 (Retained Earnings 96.2m / Total Assets 6.55b) |
| C: 0.00 (EBIT TTM 34.6m / Avg Total Assets 7.00b) |
| D: 0.00 (Book Value of Equity 26.8m / Total Liabilities 5.99b) |
| Altman-Z'' Score: -4.04 = D |
Beneish M
-2.88
| DSRI: 0.94 (Receivables 25.9m/24.3m, Revenue 449.1m/395.9m) |
| GMI: 1.15 (GM 59.70% / 68.59%) |
| AQI: 0.96 (AQ_t 0.76 / AQ_t-1 0.79) |
| SGI: 1.13 (Revenue 449.1m / 395.9m) |
| TATA: -0.01 (NI 35.2m - CFO 117.9m) / TA 6.55b) |
| Beneish M-Score: -2.88 (Cap -4..+1) = A |
What is the price of MSBI shares?
As of May 21, 2026, the stock is trading at USD 27.46 with a total of 125,846 shares traded.
Over the past week, the price has changed by +4.20%, over one month by +17.45%, over three months by +17.55% and over the past year by +63.81%.
Over the past week, the price has changed by +4.20%, over one month by +17.45%, over three months by +17.55% and over the past year by +63.81%.
Is MSBI a buy, sell or hold?
Midland States Bancorp has received a consensus analysts rating of 3.00.
Therefor, it is recommend to hold MSBI.
- StrongBuy: 0
- Buy: 0
- Hold: 4
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the MSBI price?
| Analysts Target Price | 26.3 | -4.4% |
Midland States Bancorp (MSBI) - Fundamental Data Overview
as of 18 May 2026
P/E Trailing = 22.125 P/E Forward = 8.2169
P/S = 2.0052
P/B = 1.3088
P/EG = 1.4086
Revenue TTM = 449.1m USD
EBIT TTM = 34.6m USD
EBITDA TTM = 53.0m USD
Long Term Debt = 265.0m USD (from longTermDebt, last quarter)
Short Term Debt = 153.4m USD (from shortTermDebt, last quarter)
Debt = 418.4m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -1.03b USD (recalculated: Debt 418.4m - CCE 1.45b)
Enterprise Value = 550.4m USD (floored to Market Cap, CCE > MCap+Debt)
Interest Coverage Ratio = 0.25 (Ebit TTM 34.6m / Interest Expense TTM 138.6m)
EV/FCF = 4.70x (Enterprise Value 550.4m / FCF TTM 117.1m)
FCF Yield = 21.27% (FCF TTM 117.1m / Enterprise Value 550.4m)
FCF Margin = 26.07% (FCF TTM 117.1m / Revenue TTM 449.1m)
Net Margin = 7.83% (Net Income TTM 35.2m / Revenue TTM 449.1m)
Gross Margin = 59.70% ((Revenue TTM 449.1m - Cost of Revenue TTM 181.0m) / Revenue TTM)
Gross Margin QoQ = 68.92% (prev 68.89%)
Tobins Q-Ratio = 0.08 (Enterprise Value 550.4m / Total Assets 6.55b)
Interest Expense / Debt = 6.84% (Interest Expense 28.6m / Debt 418.4m)
Taxrate = 23.43% (5.65m / 24.1m)
NOPAT = 26.5m (EBIT 34.6m * (1 - 23.43%))
Current Ratio = 0.26 (Total Current Assets 1.48b / Total Current Liabilities 5.59b)
Debt / Equity = 0.75 (Debt 418.4m / totalStockholderEquity, last quarter 559.0m)
Debt / EBITDA = -19.51 (Net Debt -1.03b / EBITDA 53.0m)
Debt / FCF = -8.83 (Net Debt -1.03b / FCF TTM 117.1m)
Total Stockholder Equity = 570.5m (last 4 quarters mean from totalStockholderEquity)
RoA = 0.50% (Net Income 35.2m / Total Assets 6.55b)
RoE = 6.16% (Net Income TTM 35.2m / Total Stockholder Equity 570.5m)
RoCE = 4.14% (EBIT 34.6m / Capital Employed (Equity 570.5m + L.T.Debt 265.0m))
RoIC = 2.93% (NOPAT 26.5m / Invested Capital 904.2m)
WACC = 7.46% (E(550.4m)/V(968.8m) * Re(9.16%) + D(418.4m)/V(968.8m) * Rd(6.84%) * (1-Tc(0.23)))
Discount Rate = 9.16% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -4.49 | Cagr: -1.07%
[DCF] Terminal Value 78.91% ; FCFF base≈136.7m ; Y1≈122.5m ; Y5≈104.3m
[DCF] Fair Price = 152.5 (EV 2.13b - Net Debt -1.03b = Equity 3.16b / Shares 20.7m; r=7.46% [WACC]; 5y FCF grow -12.86% → 3.0% )
EPS Correlation: -35.31 | EPS CAGR: -5.59% | SUE: 0.17 | # QB: 0
Revenue Correlation: -4.06 | Revenue CAGR: 7.11% | SUE: 0.41 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.78 | Chg30d=+20.43% | Revisions=+50% | Analysts=5
EPS next Quarter (2026-09-30): EPS=0.80 | Chg30d=+16.33% | Revisions=+50% | Analysts=5
EPS current Year (2026-12-31): EPS=3.12 | Chg30d=+17.65% | Revisions=+50% | GrowthEPS=+150.8% | GrowthRev=-0.4%
EPS next Year (2027-12-31): EPS=3.13 | Chg30d=+13.97% | Revisions=+50% | GrowthEPS=-0.9% | GrowthRev=+1.1%
[Analyst] Revisions Ratio: +50%