Midland States Bancorp

MSBI · NASDAQ

$32.56+$0.76 (+2.39%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $31.80

MSBI analyst rating

HoldConsensus of 3 analysts over the last 12 months. 0% rate it a buy.

Strong buy0
Buy0
Hold3
Underperform0
Sell0

12-month price target · 6 analysts

Average $33.92 (+4.2% upside)

Low: $31.31
Now: $32.56
High: $36.75

Upgrades and downgrades

The latest rating actions, newest first

MSBI analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Piper Sandler	Jul 28, 2026	Maintains	Neutral	$32.00 → $35.00	72%
Keefe, Bruyette & Woods	Jul 27, 2026	Maintains	Market Perform	$28.00 → $31.00	64%
DA Davidson	Jul 27, 2026	Maintains	Neutral	$30.00 → $33.00	50%
Piper Sandler	Jun 26, 2026	Maintains	Neutral	$28.00 → $32.00	72%
DA Davidson	Apr 27, 2026	Maintains	Neutral	$23.00 → $26.00	50%
Piper Sandler	Apr 27, 2026	Maintains	Neutral	$25.50 → $28.00	72%
Piper Sandler	Jan 26, 2026	Maintains	Neutral	$23.00 → $25.50	72%
DA Davidson	Jan 26, 2026	Maintains	Neutral	$23.00 → $24.00	50%
Keefe, Bruyette & Woods	Dec 8, 2025	Maintains	Market Perform	$17.00 → $19.00	64%
Piper Sandler	Dec 2, 2025	Maintains	Neutral	$18.00 → $19.00	72%

The case for and against

Updated May 20, 2026

Bull case

Midland States Bancorp is a promising stock for investors due to its diversified financial services and constant efforts to improve its loan portfolio and deposit growth. A recent loan sale is expected to lead to a reduction in credit costs, while expenses are projected to decline in the future due to cost-saving initiatives. However, potential risks include its exposure to the risky real estate market and the execution of its acquisition strategy. Despite these risks, Midland States Bancorp has a positive outlook with a strong focus on growing its core community banking segment and improving profitability.

Bear case

Midland States Bancorp is facing challenges in its core banking segment as the recent increase in NIM seems unsustainable and will likely put pressure on future earnings. Furthermore, the company's EPS and PT have been revised downwards due to slower expected growth in NII and fee income. The recent sale of its MF segment is a positive development, but it may not be enough to offset the potential headwinds in the near future.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.