Expert Outlook: Midland States Bancorp Through The Eyes Of 6 Analysts

Providing a diverse range of perspectives from bullish to bearish, 6 analysts have published ratings on Midland States Bancorp (NASDAQ:MSBI) in the last three months.

The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.

	Bullish	Somewhat Bullish	Indifferent	Somewhat Bearish	Bearish
Total Ratings	0	0	6	0	0
Last 30D	0	0	2	0	0
1M Ago	0	0	0	0	0
2M Ago	0	0	2	0	0
3M Ago	0	0	2	0	0

Analysts have recently evaluated Midland States Bancorp and provided 12-month price targets. The average target is $20.42, accompanied by a high estimate of $25.50 and a low estimate of $17.00. This current average reflects an increase of 0.44% from the previous average price target of $20.33.

Diving into Analyst Ratings: An In-Depth Exploration

The perception of Midland States Bancorp by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst	Analyst Firm	Action Taken	Rating	Current Price Target	Prior Price Target
Nathan Race	Piper Sandler	Raises	Neutral	$25.50	$23.00
Jeff Rulis	DA Davidson	Raises	Neutral	$24.00	$23.00
Damon Delmonte	Keefe, Bruyette & Woods	Raises	Market Perform	$19.00	$17.00
Nathan Race	Piper Sandler	Raises	Neutral	$19.00	$18.00
Nathan Race	Piper Sandler	Lowers	Neutral	$18.00	$21.00
Damon Delmonte	Keefe, Bruyette & Woods	Lowers	Market Perform	$17.00	$20.00

Key Insights:

• Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Midland States Bancorp. This information provides a snapshot of how analysts perceive the current state of the company.
• Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Midland States Bancorp compared to the broader market.
• Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Midland States Bancorp's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.

Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Midland States Bancorp's market position. Stay informed and make well-informed decisions with our Ratings Table.

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All You Need to Know About Midland States Bancorp

Midland States Bancorp Inc is a diversified financial holding company. The company provides a full range of commercial and consumer banking products and services, business equipment financing, merchant credit card services, trust and investment management, and insurance and financial planning services. The Banking segment, which generates the majority of the revenue, provides financial products and services to consumers and businesses, including commercial, commercial real estate, mortgage, and other consumer loan products; commercial equipment financing, etc. The Wealth Management segment consists of trust and fiduciary services, brokerage, and retirement planning services. The Corporate segment includes the holding company's financing and investment activities, administrative expenses.

Financial Insights: Midland States Bancorp

Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.

Revenue Growth: Midland States Bancorp's revenue growth over a period of 3M has faced challenges. As of 31 December, 2025, the company experienced a revenue decline of approximately -19.99%. This indicates a decrease in the company's top-line earnings. When compared to others in the Financials sector, the company faces challenges, achieving a growth rate lower than the average among peers.

Net Margin: Midland States Bancorp's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of -8.18%, the company may face hurdles in effective cost management.

Return on Equity (ROE): Midland States Bancorp's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of -0.98%, the company may face hurdles in generating optimal returns for shareholders.

Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of -0.08%, the company may need to address challenges in generating satisfactory returns from its assets.

Debt Management: Midland States Bancorp's debt-to-equity ratio stands notably higher than the industry average, reaching 0.67. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.

How Are Analyst Ratings Determined?

Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.

Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.

This article was generated by Benzinga's automated content engine and reviewed by an editor.