Midland States Bancorp Inc (MSBI) Stock AnalysisMSBIMidland States Bancorp Inc

Midland States Bancorp, Inc. is a community-based financial holding company. Its wholly owned banking subsidiary, Midland States Bank, provides a full range of commercial and consumer banking products and services, merchant credit card services, trust and investment management services, and insurance and financial planning services. Its segments include Banking, Wealth Management and Corporate. Banking segment provides a range of financial products and services to consumers and businesses, including commercial, commercial real estate, mortgage and other consumer loan products; mortgage loan sales and servicing; letters of credit; various types of deposit products, including checking, savings and time deposit accounts; merchant services, and corporate treasury management services. Wealth Management segment consists of trust and fiduciary services, brokerage and retirement planning services. Corporate segment includes the holding company financing and investment activities, and others. It operates in the Financials sector (STATE COMMERCIAL BANKS industry).

Midland States Bancorp Inc is currently priced at $32.22, with a forward P/E ratio of 8.22, indicating potential undervaluation compared to its earnings growth prospects. However, the RSI is at 44.95, suggesting the stock is nearing oversold territory but not yet at a strong buy signal. The company has recently increased its stock buyback authorization to $45 million, reflecting confidence in its future, yet it reported a Q2 EPS of $0.82, missing expectations by $0.02, which could impact investor sentiment. The main risk is the recent earnings miss and the potential for increased credit costs, which could affect profitability.

4 analysts cover MSBI: 4 rate it Buy, 0 Hold and 0 Sell. The average price target is 19.00.