MSBI - Midland States Bancorp Inc Stock Price, Fair Value and News

23.38USD-0.37 (-1.56%)Delayed as of 16 May 2024, 11:02 am ET

Market Summary

USD23.38-0.37

Delayedas of 16 May 2024, 11:02 am

-1.56%

MSBI Alerts

Big fall in earnings (Y/Y)

MSBI Stock Price

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MSBI RSI Chart

MSBI Valuation

Market Cap

510.2M

Price/Earnings (Trailing)

7.55

Price/Sales (Trailing)

1.24

EV/EBITDA

1.03

Price/Free Cashflow

3.21

MSBI Price/Sales (Trailing)

MSBI Profitability

EBT Margin

23.67%

Return on Equity

8.54%

Return on Assets

0.86%

Free Cashflow Yield

31.18%

MSBI Fundamentals

MSBI Revenue

Revenue (TTM)

410.4M

Rev. Growth (Yr)

6.42%

Rev. Growth (Qtr)

-2.87%

MSBI Earnings

Earnings (TTM)

67.6M

Earnings Growth (Yr)

-36.23%

Earnings Growth (Qtr)

-1.32%

Breaking Down MSBI Revenue

52 Week Range

19.2724.46

(Low)(High)

Last 7 days

0.6%

Last 30 days

1.9%

Last 90 days

-5.9%

Trailing 12 Months

26.9%

How does MSBI drawdown profile look like?

MSBI Financial Health

MSBI Investor Care

Dividend Yield

5.09%

Dividend/Share (TTM)

1.21

Buy Backs (1Y)

2.47%

Diluted EPS (TTM)

2.64

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	410.4M	0	0	0
2023	334.5M	365.8M	389.8M	404.3M
2022	240.1M	250.9M	272.0M	301.8M
2021	244.1M	241.9M	240.1M	237.8M
2020	251.4M	251.3M	246.6M	244.9M
2019	236.3M	238.6M	246.7M	249.5M
2018	167.8M	191.5M	205.3M	223.4M
2017	125.1M	127.5M	139.6M	153.1M
2016	118.5M	119.3M	121.6M	121.2M
2015	84.3M	95.5M	106.6M	117.8M
2014	0	0	0	73.1M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Midland States Bancorp Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
May 03, 2024	tucker douglas j.	acquired	75,117	21.00	3,577	svp corporate counsel
May 03, 2024	tucker douglas j.	sold	-85,848	24.00	-3,577	svp corporate counsel
May 01, 2024	casey daniel edward	sold (taxes)	-4,092	22.99	-178	crof
Mar 31, 2024	dimotta jennifer	acquired	50,486	25.13	2,009	-
Mar 31, 2024	mcdaniel jerry l.	acquired	50,486	25.13	2,009	-
Mar 31, 2024	edwards sherina m.	acquired	50,486	25.13	2,009	-
Mar 31, 2024	ramos richard t	acquired	50,486	25.13	2,009	-
Mar 29, 2024	ludwig jeffrey g.	acquired	24,998	24.8	1,008	president & ceo
Mar 12, 2024	carlson gerald joseph	bought	24,225	24.225	1,000	-
Dec 29, 2023	ludwig jeffrey g.	acquired	3,755	23.3286	161	president & ceo

Which funds bought or sold MSBI recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 15, 2024	HSBC HOLDINGS PLC	added	3.9	-42,009	653,380	-%
May 15, 2024	PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO	reduced	-3.09	-36,004	273,440	-%
May 15, 2024	D. E. Shaw & Co., Inc.	sold off	-100	-231,091	-	-%
May 15, 2024	AMUNDI	unchanged	-	-3,177	31,795	-%
May 15, 2024	JACOBS LEVY EQUITY MANAGEMENT, INC	reduced	-0.77	-158,791	1,509,610	0.01%
May 15, 2024	AMERIPRISE FINANCIAL INC	reduced	-43.48	-752,020	799,084	-%
May 15, 2024	MORGAN STANLEY	added	15.06	207,383	4,424,180	-%
May 15, 2024	STATE STREET CORP	added	2.29	-1,042,600	14,456,200	-%
May 15, 2024	Cubist Systematic Strategies, LLC	sold off	-100	-204,468	-	-%
May 15, 2024	WELLINGTON MANAGEMENT GROUP LLP	added	8.76	-30,282	3,619,320	-%

Are Funds Buying or Selling MSBI?

Are funds buying MSBI calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own MSBI

No. of Funds

MSBI Alerts

Big fall in earnings (Y/Y)

Unveiling Midland States Bancorp Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	5.29%	1,138,823	SC 13G
Feb 09, 2024	dimensional fund advisors lp	6.4%	1,371,940	SC 13G/A
Feb 08, 2024	fj capital management llc	5.89%	1,269,108	SC 13G/A
Jan 23, 2024	blackrock inc.	14.2%	3,059,152	SC 13G/A
Feb 10, 2023	dimensional fund advisors lp	5.7%	1,263,058	SC 13G
Feb 08, 2023	fj capital management llc	6.17%	1,362,125	SC 13G/A
Jan 26, 2023	blackrock inc.	14.0%	3,106,694	SC 13G/A
Jan 20, 2023	blackrock inc.	14.0%	3,106,694	SC 13G/A
Mar 09, 2022	blackrock inc.	10.4%	2,287,016	SC 13G/A
Feb 11, 2022	fj capital management llc	6.33%	1,394,013	SC 13G/A

Recent SEC filings of Midland States Bancorp Inc

View All Filings

Date Filed	Form Type	Document
May 09, 2024	10-Q	Quarterly Report
May 09, 2024	3	Insider Trading
May 08, 2024	8-K	Current Report
May 07, 2024	8-K	Current Report
May 07, 2024	8-K	Current Report
May 06, 2024	4	Insider Trading
May 03, 2024	4	Insider Trading
May 03, 2024	144	Notice of Insider Sale Intent
Apr 25, 2024	8-K	Current Report
Apr 01, 2024	4	Insider Trading

Peers (Alternatives to Midland States Bancorp Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
JPM	580.6B	174.7B	10.55%	50.52%	11.53	3.32	53.11%	19.83%
BAC	304.4B	137.9B	8.26%	42.25%	12.16	2.21	56.12%	-12.56%
WFC	217.3B	85.8B	9.39%	62.33%	11.58	2.53	35.02%	26.14%
C	122.5B	125.0B	9.68%	41.85%	15.33	0.98	37.85%	-
CFG	16.8B	10.4B	11.70%	47.15%	11.72	1.61	26.22%	-33.87%
KEY	14.7B	8.1B	7.90%	66.17%	16.8	1.8	32.15%	-50.93%
MID-CAP
CMA	7.3B	4.2B	8.52%	62.72%	10.53	1.72	34.68%	-45.96%
ZION	6.7B	4.1B	11.66%	93.23%	10.59	1.63	32.93%	-30.73%
ABCB	3.5B	1.3B	11.39%	71.61%	12.26	2.64	30.60%	-12.99%
ASB	3.4B	2.0B	11.00%	55.39%	21.08	1.66	47.11%	-59.32%
SMALL-CAP
AMNB	497.6M	120.2M	6.68%	49.76%	19.02	4.14	45.65%	-13.98%
AROW	410.6M	173.1M	11.64%	37.59%	14.07	2.37	26.54%	-34.86%
ALRS	390.2M	152.4M	-1.20%	38.83%	39.25	2.56	16.94%	-73.84%
ACNB	288.6M	98.7M	3.06%	15.69%	9.81	2.92	6.27%	-22.90%
ASRV	47.0M	62.5M	18.70%	-3.87%	-15.89	0.75	18.83%	-145.18%

Midland States Bancorp Inc News

Latest updates

Midland States Bancorp Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	-2.9%	102	105	104	100	96.00	90.00	80.00	69.00	63.00	60.00	58.00	58.00	61.00	63.00	60.00	61.00	61.00	64.00	65.00	61.00	59.00
EBITDA Margin	-5.7%	0.81*	0.86*	0.97*	1.05*	1.15*	1.26*	1.32*	1.36*	1.33*	1.31*	1.22*	1.11*	-	-	-	-	-	-	-	-	-
Interest Expenses	-3.7%	56.00	58.00	59.00	59.00	61.00	64.00	64.00	61.00	57.00	54.00	51.00	50.00	52.00	54.00	50.00	49.00	47.00	49.00	49.00	46.00	46.00
Income Taxes	-32.4%	4.00	6.00	12.00	7.00	7.00	11.00	6.00	7.00	7.00	7.00	6.00	-1.08	6.00	2.00	3.00	3.00	0.00	3.00	4.00	5.00	4.00
Earnings Before Taxes	-11.1%	18.00	21.00	30.00	29.00	29.00	44.00	29.00	29.00	27.00	31.00	25.00	19.00	24.00	11.00	3.00	16.00	2.00	16.00	17.00	21.00	18.00
EBT Margin	-11.0%	0.24*	0.27*	0.34*	0.36*	0.39*	0.43*	0.43*	0.45*	0.43*	0.42*	0.33*	0.24*	-	-	-	-	-	-	-	-	-
Net Income	-1.3%	14.00	14.00	18.00	22.00	22.00	33.00	24.00	22.00	21.00	23.00	20.00	20.00	19.00	8.00	0.00	13.00	2.00	13.00	13.00	16.00	14.00
Net Income Margin	-11.8%	0.16*	0.19*	0.24*	0.27*	0.30*	0.33*	0.33*	0.34*	0.35*	0.34*	0.28*	0.19*	-	-	-	-	-	-	-	-	-
Free Cashflow	-69.2%	26.00	86.00	4.00	43.00	13.00	40.00	50.00	115	39.00	32.00	84.00	58.00	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-0.4%	7,832	7,867	7,976	8,035	7,930	7,856	7,822	7,436	7,339	7,444	7,094	6,630	6,885	6,869	6,700	6,644	6,208	6,087	6,114	5,546	5,642
Cash Equivalents	23.9%	167	135	132	161	138	161	313	270	332	680	663	425	631	342	461	520	449	395	409	245	276
Net PPE	-1.2%	82.00	83.00	83.00	81.00	81.00	78.00	78.00	78.00	70.00	79.00	71.00	72.00	73.00	74.00	75.00	89.00	90.00	91.00	94.00	95.00	95.00
Goodwill	0%	162	162	162	162	162	162	162	162	162	162	162	162	162	162	162	173	173	172	171	165	165
Liabilities	-0.5%	7,041	7,075	7,212	7,258	7,155	7,097	7,083	6,800	6,694	6,780	6,436	5,982	6,249	6,247	6,078	6,011	5,577	5,425	5,458	4,906	5,018
Short Term Borrowings	515.1%	214	35.00	18.00	22.00	31.00	42.00	59.00	68.00	60.00	77.00	67.00	76.00	72.00	69.00	59.00	77.00	44.00	82.00	122	114	116
Shareholder's Equity	-0.1%	791	792	764	777	776	759	739	636	645	664	658	648	635	621	622	634	631	662	656	640	624
Retained Earnings	1.5%	327	322	317	308	295	282	259	242	227	212	196	182	169	156	154	160	154	166	159	152	142
Additional Paid-In Capital	-0.2%	434	435	438	443	447	449	448	447	446	446	451	455	454	453	458	463	469	488	488	477	476
Shares Outstanding	-0.3%	21.00	22.00	22.00	22.00	22.00	22.00	22.00	22.00	22.00	22.00	23.00	23.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	418	-	-	-	511	-	-	-	567	-	-	-	324	-	-	-	600	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	-69.2%	26,917	87,355	6,530	44,745	16,008	40,993	51,595	115,400	39,077	33,345	84,440	58,278	158,375	93,287	189,291	161,966	54,603	92,549	392,556	23,550	29,998
Cashflow From Investing	-36.4%	43,069	67,769	41,993	-87,430	-98,412	-197,916	-389,522	-200,680	-310,769	-393,306	-231,516	1,443	144,884	-369,704	-303,990	-505,284	-133,455	-75,409	-408,737	63,893	55,465
Cashflow From Financing	75.2%	-37,731	-152,195	-77,086	65,070	60,083	4,366	380,998	23,133	-76,415	377,689	384,619	-265,840	-13,680	156,861	56,027	413,790	133,743	-31,981	180,112	-118,508	-22,683
Dividend Payments	-100.0%	-	6,565	6,600	6,659	6,749	6,519	6,470	6,470	6,464	6,245	6,299	6,327	6,301	6,032	6,111	6,240	6,575	5,974	5,962	5,840	5,823
Buy Backs	-32.3%	1,944	2,873	6,058	6,166	2,801	-	-	-	1,109	5,244	5,240	-	1,208	6,885	5,011	7,157	20,562	2,187	1,832	-	-

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MSBI Income Statement

2024-03-31

CONSOLIDATED STATEMENTS OF INCOME—(UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Interest income:
Loans, including fees: Taxable	$ 88,995	$ 87,459
Loans, including fees: Tax exempt	390	425
Loans held for sale	55	16
Investment securities:
Taxable	10,179	5,370
Tax exempt	418	494
Nonmarketable equity securities	687	795
Federal funds sold and cash investments	951	980
Total interest income	101,675	95,539
Interest expense:
Deposits	39,214	26,405
Short-term borrowings	836	25
Federal Home Loan Bank advances and other borrowings	3,036	6,006
Subordinated debt	1,280	1,370
Trust preferred debentures	1,389	1,229
Total interest expense	45,755	35,035
Net interest income	55,920	60,504
Provision for credit losses on loans	14,000	3,135
Net interest income after provision for credit losses	41,920	57,369
Noninterest income:
Wealth management revenue	7,132	6,411
Service charges on deposit accounts	3,116	2,745
Interchange revenue	3,358	3,412
Residential mortgage banking revenue	527	405
Income on company-owned life insurance	1,801	876
Loss on sales of investment securities, net	0	(648)
Other income	5,253	2,578
Total noninterest income	21,187	15,779
Noninterest expense:
Salaries and employee benefits	24,102	24,243
Occupancy and equipment	4,142	4,443
Data processing	6,722	6,311
FDIC insurance	1,274	1,329
Professional services	2,255	1,760
Marketing	737	703
Communications	342	511
Loan expense	1,231	818
Amortization of intangible assets	1,089	1,291
Other expense	2,973	3,073
Total noninterest expense	44,867	44,482
Income before income taxes	18,240	28,666
Income taxes	4,355	6,894
Net income	13,885	21,772
Preferred dividends	2,228	2,228
Net income available to common shareholders	$ 11,657	$ 19,544
Per common share data:
Basic earnings per common share (in dollars per share)	$ 0.53	$ 0.86
Diluted earnings per common share (in dollars per share)	$ 0.53	$ 0.86
Weighted average common shares outstanding (in shares)	21,774,647	22,478,808
Weighted average diluted common shares outstanding (in shares)	21,787,691	22,501,970

MSBI Balance Sheet

2024-03-31

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Assets
Cash and due from banks	$ 166,471	$ 134,212
Federal funds sold	845	849
Cash and cash equivalents	167,316	135,061
Investment securities available for sale, at fair value	1,040,406	915,895
Equity securities, at fair value	4,494	4,501
Loans	5,958,462	6,131,079
Allowance for credit losses on loans	(78,057)	(68,502)
Total loans, net	5,880,405	6,062,577
Loans held for sale	5,043	3,811
Premises and equipment, net	81,831	82,814
Other real estate owned	8,920	9,112
Nonmarketable equity securities	33,476	43,421
Accrued interest receivable	25,931	24,934
Loan servicing rights, at lower of cost or fair value	19,577	20,253
Goodwill	161,904	161,904
Other intangible assets, net	15,019	16,108
Company-owned life insurance	205,286	203,485
Other assets	182,201	182,992
Total assets	7,831,809	7,866,868
Deposits:
Noninterest-bearing demand deposits	1,212,382	1,145,395
Interest-bearing deposits	5,111,602	5,164,134
Total deposits	6,323,984	6,309,529
Short-term borrowings	214,446	34,865
Federal Home Loan Bank advances and other borrowings	255,000	476,000
Subordinated debt	93,617	93,546
Trust preferred debentures	50,790	50,616
Accrued interest payable and other liabilities	102,966	110,459
Total liabilities	7,040,803	7,075,015
Shareholders’ Equity:
Preferred stock, $2.00 par value; 4,000,000 shares authorized; 115,000 Series A shares, $1,000 per share liquidation preference, issued and outstanding at March 31, 2024 and December 31, 2023, respectively	110,548	110,548
Common stock, $0.01 par value; 40,000,000 shares authorized; 21,485,231 and 21,551,402 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively	215	216
Capital surplus	434,398	435,463
Retained earnings	327,264	322,379
Accumulated other comprehensive loss, net of tax	(81,419)	(76,753)
Total shareholders’ equity	791,006	791,853
Total liabilities and shareholders’ equity	$ 7,831,809	$ 7,866,868

About Midland States Bancorp Inc

Midland States Bancorp, Inc. operates as a financial holding company for Midland States Bank that provides various banking products and services to individuals, businesses, municipalities, and other entities. It operates through Banking, Wealth Management, and Other segments. The company provides a range of financial products and services to consumers and businesses, including commercial loans to finance agricultural equipment and production; and commercial real estate loans for owner occupied offices, warehouses and production facilities, office buildings, hotels, mixed-use residential and commercial facilities, retail centers, multifamily properties, and assisted living facilities. In addition, it offers construction and land development loans, such as real estate investment properties and residential developments, and lesser extent loans; and residential real estate loans, which includes first and second mortgage loans, and home equity lines of credit consisting of loans secured by first or second mortgages on primarily owner occupied primary residences. The company also provides consumer installment loans for the purchase of cars, boats and other recreational vehicles, as well as for the purchase of major appliances and other home improvement projects; and commercial equipment leasing programs for manufacturing, construction, transportation, and healthcare industries. Further, it offers deposit products, including checking, savings, money market, and certificates of deposit, as well as sweep accounts; and trust and wealth management services, such as financial and estate planning, trustee and custodial, investment management, tax, insurance, and business planning, corporate retirement plan consulting and administration, and retail brokerage services. The company was founded in 1881 and is headquartered in Effingham, Illinois.

CEO	Mr. Jeffrey G. Ludwig CPA
WEBSITE	midlandsb.com
INDUSTRY	Banks Diversified
EMPLOYEES	915

Midland States Bancorp Inc Frequently Asked Questions

What is the ticker symbol for Midland States Bancorp Inc? What does MSBI stand for in stocks?

MSBI is the stock ticker symbol of Midland States Bancorp Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Midland States Bancorp Inc (MSBI)?

As of Wed May 15 2024, market cap of Midland States Bancorp Inc is 510.19 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of MSBI stock?

You can check MSBI's fair value in chart for subscribers.

What is the fair value of MSBI stock?

You can check MSBI's fair value in chart for subscribers. The fair value of Midland States Bancorp Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Midland States Bancorp Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for MSBI so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Midland States Bancorp Inc a good stock to buy?

The fair value guage provides a quick view whether MSBI is over valued or under valued. Whether Midland States Bancorp Inc is cheap or expensive depends on the assumptions which impact Midland States Bancorp Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for MSBI.

What is Midland States Bancorp Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed May 15 2024, MSBI's PE ratio (Price to Earnings) is 7.55 and Price to Sales (PS) ratio is 1.24. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. MSBI PE ratio will change depending on the future growth rate expectations of investors.