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Midland States Bancorp (MSBI)

Company Profile

Company profile

Ticker

MSBI, MSBIP

Exchange

Website

www.midlandsb.com

CEO

Mr. Jeffrey G. Ludwig CPA

Incorporated

Location

Fiscal year end

Sector

Finance and Insurance > Commercial Banking

Industry (SIC)

State Commercial Banks

The Bank of New York Mellon Corporation • State Street • Ally Financial • Citizens Financial • Northern Trust • M&T Bank • First Citizens BancShares • East West Bancorp • Associated Banc-Corp • SVB Financial ...

Former names

Novus Therapeutics, Inc., Tokai Pharmaceuticals Inc

SEC CIK

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Love Funding Corporation • Midland Trust Company ...

MSBI stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$22.33

Low target

$21.00

High target

$23.00

Keefe, Bruyette & Woods

Latest filings (excl ownership)

View all

Midland States Bancorp, Inc. Announces 2024 Fourth Quarter Results

Departure of Directors or Certain Officers

Regulation FD Disclosure

Midland States Bancorp, Inc. Announces Common Stock and Preferred Stock Dividends

Quarterly report

6 Nov 24

Midland States Bancorp, Inc. Announces 2024 Third Quarter Results

Regulation FD Disclosure

Quarterly report

8 Aug 24

Midland States Bancorp, Inc. Announces Common Stock and Preferred Stock Dividends

Regulation FD Disclosure

Transcripts

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Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Earnings call transcript

Latest ownership filings

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Jeffrey C. Smith

Donald J. Spring

Robert F. Schultz

Travis Franklin

Richard Dean Bingham

Gerald Joseph Carlson

Jeffrey C. Smith

Jeffrey M McDonnell

Jerry L. McDaniel

Jennifer DiMotta

Financial summary

Financial statements Chart MSBI financial data

Quarter (USD)	Sep 24	Jun 24	Mar 24	Dec 23
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 23	Dec 22	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	121.87 mm	121.87 mm	121.87 mm	121.87 mm	121.87 mm	121.87 mm
Cash burn (monthly)	924.33 k	854.92 k	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	3.70 mm	3.42 mm	n/a	n/a	n/a	n/a
Cash remaining	118.17 mm	118.45 mm	n/a	n/a	n/a	n/a
Runway (months of cash)	127.8	138.5	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q3 2024

MSBI institutional ownership history Ownership history

61.1% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	129	116	+11.2%
Opened positions	26	21	+23.8%
Closed positions	13	18	-27.8%
Increased positions	50	40	+25.0%
Reduced positions	26	32	-18.8%

13F shares	Current	Prev Q	Change
Total value	273.49 bn	292.58 bn	-6.5%
Total shares	13.07 mm	13.63 mm	-4.1%
Total puts	6.40 k	8.80 k	-27.3%
Total calls	1.40 k	1.10 k	+27.3%
Total put/call ratio	4.6	8.0	-42.9%

Largest owners	Shares	Value	Change
BlackRock	3.08 mm	$68.94 bn	NEW
Dimensional Fund Advisors	1.34 mm	$30.06 bn	-2.0%
Vanguard	1.19 mm	$26.66 bn	+2.9%
Busey Wealth Management	759.29 k	$16.99 bn	0.0%
STT State Street	587.95 k	$13.16 bn	+2.5%
Geode Capital Management	511.94 k	$11.46 bn	+0.5%
LSV Asset Management	449.09 k	$10.05 mm	-1.6%
American Century Companies	443.78 k	$9.93 bn	+10.4%
Hotchkis & Wiley Capital Management	257.54 k	$5.76 bn	NEW
MS Morgan Stanley	245.59 k	$5.50 bn	+47.8%

Largest transactions	Shares	Bought/sold	Change
BLK BlackRock	0.00	-3.14 mm	EXIT
BlackRock	3.08 mm	+3.08 mm	NEW
FJ Capital Management	0.00	-1.09 mm	EXIT
Midland Wealth Advisors	0.00	-609.79 k	EXIT
Hotchkis & Wiley Capital Management	257.54 k	+257.54 k	NEW
Millennium Management	221.58 k	+130.99 k	+144.6%
LPL Financial	104.05 k	+104.05 k	NEW
MS Morgan Stanley	245.59 k	+79.41 k	+47.8%
Acadian Asset Management	138.48 k	+63.76 k	+85.3%
AMP Ameriprise Financial	86.24 k	+62.23 k	+259.2%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

MSBI insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
28 Jan 25	Donald J. Spring	Series A Preferred Depositary Shares	Buy	Acquire P	No	No	23.75	800	19.00 k	1,600
28 Jan 25	Smith Jeffrey C.	Common Stock	Buy	Acquire P	No	No	18.96	650	12.32 k	33,609
31 Dec 24	McDaniel Jerry L.	Common Share Equivalent Common Stock	Grant	Acquire A	No	No	26.29	423.908	11.14 k	34,313.383
31 Dec 24	DiMotta Jennifer	Common Share Equivalent Common Stock	Grant	Acquire A	No	No	26.29	177.013	4.65 k	9,850.954
31 Dec 24	McDonnell Jeffrey M	Common Share Equivalents Common Stock	Grant	Acquire A	No	No	26.29	244.467	6.43 k	14,783.968

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

News

From Benzinga Pro

Where Midland States Bancorp Stands With Analysts

DA Davidson Maintains Neutral on Midland States Bancorp, Lowers Price Target to $21

DA Davidson analyst Jeff Rulis maintains Midland States Bancorp (NASDAQ:MSBI) with a Neutral and lowers the price target from $27 to $21.

Piper Sandler Maintains Neutral on Midland States Bancorp, Lowers Price Target to $23

Piper Sandler analyst Nathan Race maintains Midland States Bancorp (NASDAQ:MSBI) with a Neutral and lowers the price target from $28.5 to $23.

Keefe, Bruyette & Woods Maintains Market Perform on Midland States Bancorp, Lowers Price Target to $23

Dow Falls 100 Points; US Manufacturing PMI Rises In January

Press releases

From Benzinga Pro

Midland States Bancorp, Inc. Announces 2024 Fourth Quarter Results

Fourth Quarter 2024 Highlights: Net loss available to common shareholders of $54.8 million, or $2.52 per diluted shareAdjusted pre-tax, pre-provision earnings of $21.5 million, compared to $27.5 million in prior

Midland States Bancorp, Inc. to Announce Fourth Quarter 2024 Financial Results on Thursday, January 23

EFFINGHAM, Ill., Jan. 06, 2025 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) announced today that it will issue its fourth quarter 2024 financial results after market close on Thursday, January 23,

Midland States Bancorp, Inc. Announces Common Stock and Preferred Stock Dividends

EFFINGHAM, Ill., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ:MSBI) announced today that its Board of Directors declared a quarterly cash dividend of $0.31 per share of its common stock. The

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