Midland States Bancorp (MSBI) Stock Forecast, Price Target & Predictions
MSBI Stock Forecast
Midland States Bancorp stock forecast is as follows: an average price target of $27.00 (represents a 9.76% upside from MSBI’s last price of $24.60) and a rating consensus of 'Hold', based on 2 wall street analysts offering a 1-year stock forecast.
MSBI Price Target
The average price target for Midland States Bancorp (MSBI) is $27.00 based on 1-year price targets from 2 Wall Street analysts in the past 3 months, with a price target range of $27.00 to $27.00. This represents a potential 9.76% upside from MSBI's last price of $24.60.
MSBI Analyst Ratings
According to 2 Wall Street analysts, Midland States Bancorp's rating consensus is 'Hold'. The analyst rating breakdown for MSBI stock is 0 'Strong Buy' (0.00%), 0 'Buy' (0.00%), 2 'Hold' (100.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Midland States Bancorp Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jul 30, 2024 | Nathan Race | Piper Sandler | $27.00 | $23.29 | 15.93% | 9.76% |
| Apr 30, 2024 | Nathan Race | Piper Sandler | $24.50 | $21.90 | 11.87% | -0.41% |
The latest Midland States Bancorp stock forecast, released on Jul 30, 2024 by Nathan Race from Piper Sandler, set a price target of $27.00, which represents a 15.93% increase from the stock price at the time of the forecast ($23.29), and a 9.76% increase from MSBI last price ($24.60).
Midland States Bancorp Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 2 |
| Avg Price Target | - | - | $25.75 |
| Last Closing Price | $24.60 | $24.60 | $24.60 |
| Upside/Downside | -100.00% | -100.00% | 4.67% |
In the current month, the average price target of Midland States Bancorp stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Midland States Bancorp's last price of $24.60. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 29, 2024 | Piper Sandler | Neutral | Neutral | Hold |
| Jul 30, 2024 | Piper Sandler | Neutral | Neutral | Hold |
| Apr 30, 2024 | Keefe, Bruyette & Woods | Market Perform | Market Perform | Hold |
| Apr 30, 2024 | Piper Sandler | Neutral | Neutral | Hold |
Midland States Bancorp's last stock rating was published by Piper Sandler on Oct 29, 2024. The company gave MSBI a "Neutral" rating, the same as its previous rate.
Midland States Bancorp Financial Forecast
Midland States Bancorp Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $20.51M | $18.18M | $18.75M | $75.47M | $20.25M | $294.00K | $76.82M | $72.83M | $78.90M | $69.58M | $68.67M | $67.96M | $72.06M | $69.70M | $67.76M | $63.20M | $67.15M | $68.40M |
| Avg Forecast | $79.11M | $78.81M | $77.31M | $76.53M | $76.13M | $75.23M | $74.16M | $73.03M | $73.57M | $73.07M | $74.82M | $74.91M | $75.50M | $75.56M | $76.73M | $77.62M | $81.93M | $79.43M | $75.57M | $71.98M | $72.08M | $69.09M | $67.97M | $69.80M | $68.50M | $68.58M | $63.75M | $65.95M | $69.47M | $69.26M |
| High Forecast | $79.46M | $79.15M | $77.65M | $76.86M | $76.46M | $75.56M | $74.48M | $73.28M | $73.72M | $73.13M | $74.82M | $74.91M | $75.85M | $75.99M | $77.06M | $77.96M | $82.29M | $79.43M | $75.57M | $71.98M | $72.08M | $69.09M | $67.97M | $69.80M | $68.50M | $68.58M | $63.75M | $65.95M | $69.47M | $69.26M |
| Low Forecast | $78.77M | $78.46M | $76.98M | $76.20M | $75.80M | $74.91M | $73.84M | $72.78M | $73.42M | $73.00M | $74.82M | $74.91M | $75.16M | $74.92M | $76.40M | $77.29M | $81.58M | $79.43M | $75.57M | $71.98M | $72.08M | $69.09M | $67.97M | $69.80M | $68.50M | $68.58M | $63.75M | $65.95M | $69.47M | $69.26M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 9 | 9 | 9 | 8 | 8 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.27% | 0.24% | 0.24% | 0.97% | 0.25% | 0.00% | 1.02% | 1.01% | 1.09% | 1.01% | 1.01% | 0.97% | 1.05% | 1.02% | 1.06% | 0.96% | 0.97% | 0.99% |
Midland States Bancorp's average Quarter revenue forecast for Mar 24 based on 1 analysts is $74.91M, with a low forecast of $74.91M, and a high forecast of $74.91M. MSBI's average Quarter revenue forecast represents a 265.17% increase compared to the company's last Quarter revenue of $20.51M (Dec 23).
Midland States Bancorp EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 9 | 9 | 9 | 8 | 8 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $27.15M | $29.57M | $28.82M | $63.70M | $67.40M | $46.45M | $40.78M | $37.17M | $40.64M | $36.57M | $31.50M | $36.89M | $24.28M | $19.04M | $32.38M | $21.57M | $36.79M | $37.32M |
| Avg Forecast | $19.02M | $18.94M | $18.58M | $18.40M | $18.30M | $18.08M | $17.83M | $17.56M | $17.69M | $17.57M | $17.99M | $48.12M | $18.15M | $18.17M | $18.44M | $43.74M | $37.00M | $23.33M | $22.19M | $34.58M | $21.17M | $20.29M | $19.96M | $38.21M | $20.12M | $20.14M | $18.72M | $36.70M | $20.40M | $20.34M |
| High Forecast | $19.10M | $19.03M | $18.67M | $18.48M | $18.38M | $18.16M | $17.90M | $17.62M | $17.72M | $17.58M | $17.99M | $57.74M | $18.23M | $18.27M | $18.52M | $52.49M | $44.40M | $23.33M | $22.19M | $41.50M | $21.17M | $20.29M | $19.96M | $45.85M | $20.12M | $20.14M | $18.72M | $44.04M | $20.40M | $20.34M |
| Low Forecast | $18.94M | $18.86M | $18.50M | $18.32M | $18.22M | $18.01M | $17.75M | $17.49M | $17.65M | $17.55M | $17.99M | $38.49M | $18.07M | $18.01M | $18.37M | $34.99M | $29.60M | $23.33M | $22.19M | $27.66M | $21.17M | $20.29M | $19.96M | $30.57M | $20.12M | $20.14M | $18.72M | $29.36M | $20.40M | $20.34M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.50% | 1.63% | 1.56% | 1.46% | 1.82% | 1.99% | 1.84% | 1.08% | 1.92% | 1.80% | 1.58% | 0.97% | 1.21% | 0.95% | 1.73% | 0.59% | 1.80% | 1.83% |
1 analysts predict MSBI's average Quarter EBITDA for Mar 24 to be $48.12M, with a high of $57.74M and a low of $38.49M. This is 77.22% upper than Midland States Bancorp's previous annual EBITDA (Dec 23) of $27.15M.
Midland States Bancorp Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 9 | 9 | 9 | 8 | 8 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $20.71M | $18.04M | $21.57M | $21.77M | $32.87M | $23.52M | $21.88M | $20.75M | $23.11M | $19.55M | $20.12M | $18.54M | $8.33M | $86.00K | $12.57M | $1.55M | $12.79M | $12.65M |
| Avg Forecast | $17.34M | $17.02M | $16.04M | $15.72M | $16.17M | $15.52M | $14.70M | $13.74M | $14.61M | $13.87M | $15.17M | $26.86M | $17.21M | $16.69M | $17.34M | $24.42M | $21.04M | $21.95M | $20.27M | $19.30M | $19.02M | $18.20M | $19.13M | $19.20M | $13.42M | $6.52M | $5.81M | $2.64M | $13.91M | $13.96M |
| High Forecast | $17.44M | $17.11M | $16.13M | $15.81M | $16.26M | $15.61M | $14.78M | $13.82M | $15.24M | $13.92M | $15.26M | $32.23M | $17.43M | $17.13M | $17.44M | $29.30M | $25.24M | $21.95M | $20.27M | $23.16M | $19.02M | $18.20M | $19.13M | $23.04M | $13.42M | $6.52M | $5.81M | $3.16M | $13.91M | $13.96M |
| Low Forecast | $17.25M | $16.92M | $15.95M | $15.63M | $16.08M | $15.43M | $14.62M | $13.53M | $13.78M | $13.83M | $15.09M | $21.49M | $16.99M | $16.26M | $17.25M | $19.53M | $16.83M | $21.95M | $20.27M | $15.44M | $19.02M | $18.20M | $19.13M | $15.36M | $13.42M | $6.52M | $5.81M | $2.11M | $13.91M | $13.96M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.20% | 1.08% | 1.24% | 0.89% | 1.56% | 1.07% | 1.08% | 1.08% | 1.22% | 1.07% | 1.05% | 0.97% | 0.62% | 0.01% | 2.16% | 0.59% | 0.92% | 0.91% |
Midland States Bancorp's average Quarter net income forecast for Mar 24 is $26.86M, with a range of $21.49M to $32.23M. MSBI's average Quarter net income forecast represents a 29.68% increase compared to the company's last Quarter net income of $20.71M (Dec 23).
Midland States Bancorp SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 9 | 9 | 9 | 8 | 8 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $670.00K | $26.27M | $3.79M | $30.59M | $30.09M | $29.14M | $29.80M | $30.22M | $29.88M | $27.82M | $29.48M | $29.27M | $28.33M | $28.67M | $31.62M | $32.07M |
| Avg Forecast | $29.11M | $29.00M | $28.45M | $28.16M | $28.01M | $27.68M | $27.29M | $26.87M | $27.07M | $26.88M | $27.53M | $37.72M | $27.78M | $27.80M | $28.23M | $34.29M | $27.13M | $28.67M | $27.27M | $27.11M | $26.01M | $24.93M | $24.53M | $28.81M | $24.72M | $24.75M | $23.01M | $48.79M | $25.07M | $24.99M |
| High Forecast | $29.24M | $29.12M | $28.57M | $28.28M | $28.13M | $27.80M | $27.40M | $26.96M | $27.13M | $26.91M | $27.53M | $45.27M | $27.91M | $27.96M | $28.35M | $41.15M | $32.55M | $28.67M | $27.27M | $32.53M | $26.01M | $24.93M | $24.53M | $34.58M | $24.72M | $24.75M | $23.01M | $58.55M | $25.07M | $24.99M |
| Low Forecast | $28.98M | $28.87M | $28.32M | $28.04M | $27.89M | $27.56M | $27.17M | $26.78M | $27.02M | $26.86M | $27.53M | $30.18M | $27.65M | $27.57M | $28.11M | $27.44M | $21.70M | $28.67M | $27.27M | $21.69M | $26.01M | $24.93M | $24.53M | $23.05M | $24.72M | $24.75M | $23.01M | $39.03M | $25.07M | $24.99M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.02% | 0.77% | 0.14% | 1.07% | 1.10% | 1.08% | 1.15% | 1.21% | 1.22% | 0.97% | 1.19% | 1.18% | 1.23% | 0.59% | 1.26% | 1.28% |
Midland States Bancorp's average Quarter SG&A projection for Sep 23 is $27.80M, based on 5 Wall Street analysts, with a range of $27.57M to $27.96M. The forecast indicates a 4049.73% rise compared to MSBI last annual SG&A of $670.00K (Jun 23).
Midland States Bancorp EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 9 | 9 | 9 | 8 | 8 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $0.94 | $0.82 | $0.97 | $0.97 | $1.33 | $1.04 | $0.97 | $0.92 | $1.03 | $0.86 | $0.88 | $0.81 | $0.36 | - | $0.53 | $0.06 | $0.52 | $0.51 |
| Avg Forecast | $0.80 | $0.79 | $0.74 | $0.72 | $0.75 | $0.72 | $0.68 | $0.63 | $0.67 | $0.64 | $0.70 | $0.72 | $0.79 | $0.77 | $0.80 | $0.82 | $1.04 | $1.01 | $0.93 | $0.86 | $0.88 | $0.84 | $0.88 | $0.84 | $0.62 | $0.30 | $0.27 | $0.55 | $0.64 | $0.64 |
| High Forecast | $0.80 | $0.79 | $0.74 | $0.73 | $0.75 | $0.72 | $0.68 | $0.64 | $0.70 | $0.64 | $0.70 | $0.72 | $0.80 | $0.79 | $0.80 | $0.82 | $1.05 | $1.01 | $0.93 | $0.86 | $0.88 | $0.84 | $0.88 | $0.84 | $0.62 | $0.30 | $0.27 | $0.55 | $0.64 | $0.64 |
| Low Forecast | $0.80 | $0.78 | $0.74 | $0.72 | $0.74 | $0.71 | $0.67 | $0.62 | $0.64 | $0.64 | $0.70 | $0.71 | $0.78 | $0.75 | $0.80 | $0.82 | $1.04 | $1.01 | $0.93 | $0.86 | $0.88 | $0.84 | $0.88 | $0.84 | $0.62 | $0.30 | $0.27 | $0.55 | $0.64 | $0.64 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.18% | 1.06% | 1.21% | 1.18% | 1.27% | 1.03% | 1.04% | 1.07% | 1.18% | 1.03% | 1.00% | 0.96% | 0.59% | 0.00% | 1.98% | 0.11% | 0.82% | 0.79% |
According to 1 Wall Street analysts, Midland States Bancorp's projected average Quarter EPS for Mar 24 is $0.72, with a low estimate of $0.71 and a high estimate of $0.72. This represents a -23.62% decrease compared to MSBI previous annual EPS of $0.94 (Dec 23).
Midland States Bancorp Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| MSBI | Midland States Bancorp | $25.98 | $27.00 | 3.93% | Hold |
| EQBK | Equity Bancshares | $45.50 | $45.50 | - | Buy |
| CNOB | ConnectOne Bancorp | $25.58 | $25.00 | -2.27% | Buy |
| MOFG | MidWestOne Financial Group | $32.55 | $31.50 | -3.23% | Hold |
| FMBH | First Mid Bancshares | $40.10 | $38.00 | -5.24% | Buy |
| CIVB | Civista Bancshares | $22.49 | $21.00 | -6.63% | Buy |