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.
Midland States Bancorp Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$25.52|
|52 Week High||US$13.51|
|52 Week Low||US$30.32|
|1 Month Change||9.39%|
|3 Month Change||-1.24%|
|1 Year Change||80.61%|
|3 Year Change||-7.97%|
|5 Year Change||-2.41%|
|Change since IPO||16.53%|
Recent News & Updates
Midland States Bancorp: Keeping An Eye On Asset Quality
MSBI is a regional bank headquartered in Illinois with an overweight position in commercial and CRE loans. The market appears to be hesitant as the bank is currently trading at just 8X its annualized earnings. Q2 was the first quarter since the COVID pandemic where no loan loss provisions had to be recorded, despite moving three hotel loans to the nonperforming category.
Midland States Bancorp: Earnings To Surge Due To Expense Savings, Credit Cost Normalization
Photo by Andrii Dodonov/iStock via Getty ImagesEarnings of Midland States Bancorp, Inc. (MSBI) will likely surge this year due to a normalization of provision expense, substantial reduction in non-interest expenses, and net interest income growth. A decline in funding cost and loan growth will likely drive the increase in net
|MSBI||US Banks||US Market|
Return vs Industry: MSBI exceeded the US Banks industry which returned 77.5% over the past year.
Return vs Market: MSBI exceeded the US Market which returned 30% over the past year.
Stable Share Price: MSBI is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: MSBI's weekly volatility (4%) has been stable over the past year.
About the Company
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 accepts various deposits, such as checking, savings, money market, and sweep accounts, as well as certificates of deposits.
Midland States Bancorp Fundamentals Summary
|MSBI fundamental statistics|
Is MSBI overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|MSBI income statement (TTM)|
|Cost of Revenue||US$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Oct 28, 2021
|Earnings per share (EPS)||2.08|
|Net Profit Margin||18.59%|
How did MSBI perform over the long term?See historical performance and comparison
4.4%Current Dividend Yield
Is Midland States Bancorp undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: MSBI ($25.52) is trading above our estimate of fair value ($24.57)
Significantly Below Fair Value: MSBI is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: MSBI is poor value based on its PE Ratio (12.3x) compared to the US Banks industry average (11.3x).
PE vs Market: MSBI is good value based on its PE Ratio (12.3x) compared to the US market (18.1x).
Price to Earnings Growth Ratio
PEG Ratio: MSBI's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: MSBI is good value based on its PB Ratio (0.9x) compared to the US Banks industry average (1.1x).
How is Midland States Bancorp forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: MSBI's earnings are forecast to decline over the next 3 years (-1.1% per year).
Earnings vs Market: MSBI's earnings are forecast to decline over the next 3 years (-1.1% per year).
High Growth Earnings: MSBI's earnings are forecast to decline over the next 3 years.
Revenue vs Market: MSBI's revenue (1.1% per year) is forecast to grow slower than the US market (9.9% per year).
High Growth Revenue: MSBI's revenue (1.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: MSBI's Return on Equity is forecast to be low in 3 years time (10.5%).
How has Midland States Bancorp performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MSBI has a large one-off loss of $38.2M impacting its June 30 2021 financial results.
Growing Profit Margin: MSBI's current net profit margins (18.6%) are higher than last year (16.4%).
Past Earnings Growth Analysis
Earnings Trend: MSBI's earnings have grown by 11.4% per year over the past 5 years.
Accelerating Growth: MSBI's earnings growth over the past year (18.8%) exceeds its 5-year average (11.4% per year).
Earnings vs Industry: MSBI earnings growth over the past year (18.8%) underperformed the Banks industry 36%.
Return on Equity
High ROE: MSBI's Return on Equity (7.3%) is considered low.
How is Midland States Bancorp's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Financial Institutions Analysis
Asset Level: MSBI's Assets to Equity ratio (10.2x) is moderate.
Allowance for Bad Loans: MSBI has a low allowance for bad loans (96%).
Low Risk Liabilities: 87% of MSBI's liabilities are made up of primarily low risk sources of funding.
Loan Level: MSBI has an appropriate level of Loans to Assets ratio (72%).
Low Risk Deposits: MSBI's Loans to Deposits ratio (92%) is appropriate.
Level of Bad Loans: MSBI has an appropriate level of bad loans (1.3%).
What is Midland States Bancorp current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: MSBI's dividend (4.39%) is higher than the bottom 25% of dividend payers in the US market (1.29%).
High Dividend: MSBI's dividend (4.39%) is in the top 25% of dividend payers in the US market (3.49%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, MSBI has been paying a dividend for less than 10 years.
Growing Dividend: MSBI's dividend payments have increased, but the company has only paid a dividend for 5 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (53.3%), MSBI's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: MSBI's dividends in 3 years are forecast to be well covered by earnings (38.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jeff Ludwig (49 yo)
Mr. Jeffrey G. Ludwig, also known as Jeff, CPA, serves as Chief Executive Officer at Midland States Bancorp, Inc. since January 1, 2019 and has been its Director since February 05, 2019. He serves as Vice...
CEO Compensation Analysis
Compensation vs Market: Jeff's total compensation ($USD1.03M) is below average for companies of similar size in the US market ($USD1.70M).
Compensation vs Earnings: Jeff's compensation has been consistent with company performance over the past year.
Experienced Management: MSBI's management team is considered experienced (2.8 years average tenure).
Experienced Board: MSBI's board of directors are considered experienced (6.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MSBI insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Midland States Bancorp, Inc.'s employee growth, exchange listings and data sources
- Name: Midland States Bancorp, Inc.
- Ticker: MSBI
- Exchange: NasdaqGS
- Founded: 1881
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$571.520m
- Shares outstanding: 22.40m
- Website: https://www.midlandsb.com
Number of Employees
- Midland States Bancorp, Inc.
- 1201 Network Centre Drive
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/19 23:39|
|End of Day Share Price||2021/10/19 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.