Stock events for Midland States Bancorp, Inc. (MSBI)
In the past six months, Midland States Bancorp's stock has experienced a positive return. Analysts raised their price targets for MSBI. The company announced a stock repurchase program. Midland States Bancorp completed the sale of its equipment finance portfolio. The company reported a decline in its bottom line and missed Q3 earnings estimates. Midland States Bancorp received deficiency notifications from Nasdaq due to delays in filing its Annual Report and Quarterly Report.
Demand Seasonality affecting Midland States Bancorp, Inc.’s stock price
The banking industry experiences seasonal trends in loan demand, typically lowest in January and February, increasing in March, and peaking in August or September. Midland States Bancorp has experienced seasonal outflows of servicing and public fund deposits in the first quarter of 2024 and the third quarter of 2025.
Overview of Midland States Bancorp, Inc.’s business
Midland States Bancorp, Inc. (MSBI) is a financial holding company based in Effingham, Illinois, operating in the Finance sector as a Major Bank. It offers commercial and consumer banking products and services, including commercial and real estate loans, equipment leasing, and depository products. Through its Wealth Management segment, the company provides financial and estate planning, trustee and custodial services, investment management, and other related services.
MSBI’s Geographic footprint
Midland States Bancorp, Inc. is headquartered in Effingham, Illinois, and operates through a branch network in Illinois, Missouri, and Florida.
MSBI Corporate Image Assessment
In the past year, Midland States Bank received the Illinois Community Service Award. However, the company's reputation was impacted by Nasdaq deficiency notifications due to delayed financial report filings.
Ownership
Midland States Bancorp (MSBI) is primarily owned by institutional shareholders, who hold a majority of the stock, followed by insiders and retail investors. Major institutional owners include BlackRock, Inc., Dimensional Fund Advisors Lp, and Vanguard Group Inc. R. Robert Funderburg Jr. is the largest individual shareholder. Insider buying has been observed in the past three months.
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$21.93
