Midland States Bancorp Inc. (MSBI)
Summary
MSBI Chart
What Makes Midland States Bancorp (MSBI) a New Strong Buy Stock
Midland States Bancorp (MSBI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Are Investors Undervaluing Midland States Bancorp (MSBI) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Midland States Bancorp (MSBI) Moves to Strong Buy: Rationale Behind the Upgrade
Midland States Bancorp (MSBI) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Midland States Bancorp Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| CE Curtis Ellergodt Rothschild Investment LLC | 55 | $999.83 | $1,695.65 | $695.82 | 69.59% |
| SN Stephanie Nee HARBOR CAPITAL ADVISORS Inc. | 338 | $5,884.11 | $10,403.64 | $4,519.53 | 76.81% |
| YA Yinka Akinsola Blue Trust Inc. | 1,400 | $29,331.94 | $43,120 | $13,788.06 | 47.01% |
| PF Phillip Fitzsimmons Hennion & Walsh Asset Management Inc. | 11,138 | $193,024.93 | $343,050.4 | $150,025.47 | 77.72% |
 Joseph Castro Nuveen LLC | 63,202 | $1.08M | $1.95M | $865,235.18 | 79.87% |
Midland States Bancorp Inc. (MSBI) FAQ
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Midland States Bancorp Inc. Profile
| Banks Industry | Financials Sector | Jeffrey G. Ludwig CEO | NASDAQ (NGS) Exchange | 597742105 CUSIP |
| US Country | 907 Employees | 15 May 2026 Last Dividend | - Last Split | 18 Aug 2022 IPO Date |
Overview
Midland States Bancorp, Inc. operates as a financial holding company for Midland States Bank, offering a wide range of banking products and services tailored to the needs of individuals, businesses, municipalities, and other entities. With a history dating back to 1881, the company has established itself as a reputable financial institution. Structured into three main segments – Banking, Wealth Management, and Other – Midland States Bancorp, Inc. prides itself on its ability to meet the diverse financial needs of its clientele. Based in Effingham, Illinois, the company continues to build on its long-standing tradition of providing exceptional banking solutions across various sectors.
Products and Services
- Commercial Loans: Offered to finance the purchase of agricultural equipment and production needs, supporting businesses in the agricultural sector.
- Commercial Real Estate Loans: These loans are catered towards financing properties for businesses, including owner-occupied offices, warehouses, hotels, office buildings, mixed-use residential and commercial facilities, retail centers, multifamily properties, and assisted living facilities.
- Construction and Land Development Loans: Targeted at funding real estate investment properties and residential developments, including loans for a lesser extent, demonstrating the company’s support for property development and real estate investment.
- Residential Real Estate Loans: Encompassing first and second mortgage loans, along with home equity lines of credit. These products are primarily secured by mortgages on owner-occupied primary residences, catering to the needs of individual homeowners.
- Consumer Installment Loans: Purpose-designed for the purchase of vehicles (cars, boats, and other recreational vehicles) and for financing home improvement projects including major appliances purchase, reflecting the company’s consumer financial solutions.
- Commercial Equipment Leasing: These leasing programs are tailored for industries such as manufacturing, construction, transportation, and healthcare, indicating the company’s flexibility in providing industry-specific financial solutions.
- Merchant Services: Tailored services that support businesses in managing transactions, demonstrating the company’s commitment to facilitating business operations.
- Deposit Products: Including a variety of accounts such as checking, savings, money market, and certificates of deposit, along with sweep accounts. These products offer both individuals and businesses flexible options for managing their money.
- Letters of Credit: Providing financial guarantees on behalf of clients, illustrating the company’s role in supporting client transactions in the broader financial market.
- Trust and Wealth Management Services: Offering comprehensive services such as financial and estate planning, investment management, trustee and custodial services, tax and insurance planning, business planning, corporate retirement plan consulting and administration, and retail brokerage services. These are designed to help clients manage and grow their wealth effectively.
