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 19.52% upside from MSBI’s last price of $22.59) 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 19.52% upside from MSBI's last price of $22.59.
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% | 19.52% |
| Apr 30, 2024 | Nathan Race | Piper Sandler | $24.50 | $21.90 | 11.87% | 8.46% |
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 19.52% increase from MSBI last price ($22.59).
Midland States Bancorp Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 2 |
| Avg Price Target | - | $27.00 | $25.75 |
| Last Closing Price | $22.59 | $22.59 | $22.59 |
| Upside/Downside | -100.00% | 19.52% | 13.99% |
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 $22.59. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| 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 Jul 30, 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 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | $20.51M | $18.18M | $18.75M | $75.47M | $20.25M | $294.00K | - | $72.83M | $78.90M | $69.58M | $68.67M | $67.96M | $72.06M | $69.70M | $67.76M | $63.20M | $67.15M | $68.40M | $65.05M | $62.32M | $69.01M | $63.09M |
| Avg Forecast | $75.21M | $74.41M | $73.01M | $72.21M | $72.90M | $73.20M | $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 | $64.90M | $62.29M | $65.92M | $63.09M |
| High Forecast | $75.39M | $74.59M | $73.19M | $72.39M | $73.08M | $73.30M | $75.00M | $75.09M | $75.85M | $75.99M | $76.92M | $77.81M | $82.13M | $79.63M | $75.57M | $72.43M | $72.53M | $69.53M | $68.39M | $70.24M | $68.93M | $69.01M | $64.15M | $66.37M | $69.91M | $69.69M | $65.31M | $62.68M | $79.10M | $75.71M |
| Low Forecast | $75.01M | $74.22M | $72.82M | $72.03M | $72.71M | $73.10M | $74.63M | $74.71M | $75.16M | $74.92M | $76.53M | $77.42M | $81.72M | $79.23M | $75.57M | $71.21M | $71.31M | $68.35M | $67.24M | $69.06M | $67.77M | $67.84M | $63.07M | $65.25M | $68.73M | $68.52M | $64.21M | $61.63M | $52.74M | $50.47M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 8 | 5 | 5 | 10 | 7 | 4 | 4 | 8 | 5 | 11 | 9 |
| Surprise % | - | - | - | - | - | - | - | - | 0.27% | 0.24% | 0.24% | 0.97% | 0.25% | 0.00% | - | 1.01% | 1.09% | 1.01% | 1.01% | 0.97% | 1.05% | 1.02% | 1.06% | 0.96% | 0.97% | 0.99% | 1.00% | 1.00% | 1.05% | 1.00% |
Midland States Bancorp's average Quarter revenue forecast for Mar 24 based on 1 analysts is $74.91M, with a low forecast of $74.71M, and a high forecast of $75.09M. 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 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 8 | 5 | 5 | 10 | 7 | 4 | 4 | 8 | 5 | 11 | 9 |
| EBITDA | - | - | - | - | - | - | - | - | $27.15M | $29.57M | $28.82M | $63.70M | $67.40M | $46.45M | - | $37.17M | $40.64M | $36.57M | $31.50M | $36.89M | $24.28M | $19.04M | $32.38M | $21.57M | $36.79M | $37.32M | $40.53M | $36.96M | $38.03M | $26.79M |
| Avg Forecast | $22.09M | $21.85M | $21.44M | $21.21M | $21.41M | $21.50M | $21.97M | $48.12M | $22.17M | $22.19M | $22.53M | $43.74M | $24.06M | $39.27M | $22.19M | $34.58M | $33.63M | $35.70M | $37.44M | $38.21M | $27.42M | $34.22M | $18.25M | $36.70M | $44.39M | $44.90M | $39.28M | $36.96M | $36.25M | $26.79M |
| High Forecast | $22.14M | $21.91M | $21.50M | $21.26M | $21.46M | $21.53M | $22.03M | $57.74M | $22.28M | $22.32M | $22.59M | $52.49M | $24.12M | $47.12M | $22.19M | $41.50M | $40.36M | $42.84M | $44.93M | $45.85M | $32.90M | $41.07M | $21.89M | $44.04M | $53.26M | $53.87M | $47.14M | $44.36M | $43.50M | $32.15M |
| Low Forecast | $22.03M | $21.80M | $21.39M | $21.15M | $21.35M | $21.47M | $21.92M | $38.49M | $22.07M | $22.00M | $22.48M | $34.99M | $24.00M | $31.41M | $22.19M | $27.66M | $26.91M | $28.56M | $29.96M | $30.57M | $21.93M | $27.38M | $14.60M | $29.36M | $35.51M | $35.92M | $31.43M | $29.57M | $29.00M | $21.43M |
| Surprise % | - | - | - | - | - | - | - | - | 1.22% | 1.33% | 1.28% | 1.46% | 2.80% | 1.18% | - | 1.08% | 1.21% | 1.02% | 0.84% | 0.97% | 0.89% | 0.56% | 1.77% | 0.59% | 0.83% | 0.83% | 1.03% | 1.00% | 1.05% | 1.00% |
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 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 8 | 5 | 5 | 10 | 7 | 4 | 4 | 8 | 5 | 11 | 9 |
| Net Income | - | - | - | - | - | - | - | - | $20.71M | $18.04M | $21.57M | $21.77M | $32.87M | $23.52M | - | $20.75M | $23.11M | $19.55M | $20.12M | $18.54M | $8.33M | $86.00K | $12.57M | $1.55M | $12.79M | $12.65M | $16.36M | $13.98M | $16.34M | $8.50M |
| Avg Forecast | $15.65M | $15.04M | $14.08M | $13.08M | $13.56M | $14.00M | $15.21M | $26.86M | $17.26M | $16.74M | $17.39M | $24.42M | $22.69M | $20.99M | $20.32M | $19.30M | $19.12M | $19.08M | $23.92M | $19.20M | $9.41M | $154.55K | $7.08M | $2.64M | $15.43M | $15.23M | $15.85M | $13.98M | $15.57M | $8.50M |
| High Forecast | $15.70M | $15.09M | $14.13M | $13.13M | $13.61M | $14.66M | $15.26M | $32.23M | $17.48M | $17.17M | $17.44M | $29.30M | $22.76M | $25.19M | $20.32M | $23.16M | $22.95M | $22.90M | $28.71M | $23.04M | $11.29M | $185.46K | $8.50M | $3.16M | $18.52M | $18.27M | $19.02M | $16.78M | $18.68M | $10.20M |
| Low Forecast | $15.60M | $14.99M | $14.04M | $13.04M | $13.52M | $12.89M | $15.16M | $21.49M | $17.04M | $16.30M | $17.33M | $19.53M | $22.61M | $16.79M | $20.32M | $15.44M | $15.30M | $15.27M | $19.14M | $15.36M | $7.53M | $123.64K | $5.67M | $2.11M | $12.35M | $12.18M | $12.68M | $11.19M | $12.46M | $6.80M |
| Surprise % | - | - | - | - | - | - | - | - | 1.20% | 1.08% | 1.24% | 0.89% | 1.45% | 1.12% | - | 1.08% | 1.21% | 1.02% | 0.84% | 0.97% | 0.89% | 0.56% | 1.77% | 0.59% | 0.83% | 0.83% | 1.03% | 1.00% | 1.05% | 1.00% |
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 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 8 | 5 | 5 | 10 | 7 | 4 | 4 | 8 | 5 | 11 | 9 |
| SG&A | - | - | - | - | - | - | - | - | - | - | $670.00K | $26.27M | $3.79M | $30.59M | - | $29.14M | $29.80M | $30.22M | $29.88M | $27.82M | $29.48M | $29.27M | $28.33M | $28.67M | $31.62M | $32.07M | $28.28M | $29.27M | $31.05M | $36.32M |
| Avg Forecast | $27.14M | $26.85M | $26.35M | $26.06M | $26.31M | $26.42M | $27.00M | $37.72M | $27.25M | $27.27M | $27.69M | $34.29M | $29.57M | $32.45M | $27.27M | $27.11M | $24.66M | $29.50M | $35.52M | $28.81M | $33.29M | $52.59M | $15.96M | $48.79M | $38.14M | $38.58M | $27.41M | $29.27M | $29.60M | $36.32M |
| High Forecast | $27.21M | $26.92M | $26.41M | $26.13M | $26.37M | $26.45M | $27.07M | $45.27M | $27.37M | $27.43M | $27.76M | $41.15M | $29.64M | $38.94M | $27.27M | $32.53M | $29.59M | $35.40M | $42.63M | $34.58M | $39.94M | $63.11M | $19.16M | $58.55M | $45.77M | $46.30M | $32.90M | $35.12M | $35.52M | $43.58M |
| Low Forecast | $27.07M | $26.78M | $26.28M | $25.99M | $26.24M | $26.38M | $26.93M | $30.18M | $27.12M | $27.04M | $27.62M | $27.44M | $29.49M | $25.96M | $27.27M | $21.69M | $19.73M | $23.60M | $28.42M | $23.05M | $26.63M | $42.08M | $12.77M | $39.03M | $30.51M | $30.87M | $21.93M | $23.42M | $23.68M | $29.06M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | 0.02% | 0.77% | 0.13% | 0.94% | - | 1.08% | 1.21% | 1.02% | 0.84% | 0.97% | 0.89% | 0.56% | 1.77% | 0.59% | 0.83% | 0.83% | 1.03% | 1.00% | 1.05% | 1.00% |
Midland States Bancorp's average Quarter SG&A projection for Sep 23 is $27.27M, based on 5 Wall Street analysts, with a range of $27.04M to $27.43M. The forecast indicates a 3970.20% rise compared to MSBI last annual SG&A of $670.00K (Jun 23).
Midland States Bancorp EPS Forecast
| 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 2 | 5 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 8 | 5 | 5 | 10 | 7 | 4 | 4 | 8 | 5 | 11 | 9 |
| EPS | - | - | - | - | - | - | - | - | $0.94 | $0.82 | $0.97 | $0.97 | $1.33 | $1.04 | - | $0.92 | $1.03 | $0.86 | $0.88 | $0.81 | $0.36 | - | $0.53 | $0.06 | $0.52 | $0.51 | $0.67 | $0.58 | $0.68 | $0.35 |
| Avg Forecast | $0.72 | $0.69 | $0.65 | $0.60 | $0.62 | $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 | $0.65 | $0.57 | $0.61 | $0.64 |
| High Forecast | $0.72 | $0.69 | $0.65 | $0.60 | $0.63 | $0.67 | $0.70 | $0.72 | $0.80 | $0.79 | $0.80 | $0.82 | $1.05 | $1.01 | $0.93 | $0.86 | $0.88 | $0.84 | $0.89 | $0.85 | $0.62 | $0.30 | $0.27 | $0.55 | $0.65 | $0.65 | $0.65 | $0.57 | $0.73 | $0.77 |
| Low Forecast | $0.72 | $0.69 | $0.65 | $0.60 | $0.62 | $0.59 | $0.70 | $0.72 | $0.78 | $0.75 | $0.80 | $0.82 | $1.04 | $1.01 | $0.93 | $0.85 | $0.86 | $0.83 | $0.87 | $0.83 | $0.61 | $0.30 | $0.26 | $0.54 | $0.63 | $0.63 | $0.64 | $0.56 | $0.49 | $0.51 |
| Surprise % | - | - | - | - | - | - | - | - | 1.18% | 1.06% | 1.21% | 1.18% | 1.27% | 1.03% | - | 1.07% | 1.18% | 1.03% | 1.00% | 0.96% | 0.59% | 0.00% | 1.98% | 0.11% | 0.82% | 0.79% | 1.04% | 1.02% | 1.12% | 0.55% |
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 $0.72 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 |
|---|---|---|---|---|---|
| CIVB | Civista Bancshares | $17.56 | $27.00 | 53.76% | Buy |
| MSBI | Midland States Bancorp | $22.59 | $27.00 | 19.52% | Hold |
| CNOB | ConnectOne Bancorp | $25.09 | $27.67 | 10.28% | Buy |
| MOFG | MidWestOne Financial Group | $29.31 | $30.50 | 4.06% | Hold |
| EQBK | Equity Bancshares | $41.38 | $40.00 | -3.33% | Buy |
| FMBH | First Mid Bancshares | $39.66 | $38.00 | -4.19% | Strong Buy |
MSBI Forecast FAQ
Is Midland States Bancorp a good buy?
No, according to 2 Wall Street analysts, Midland States Bancorp (MSBI) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 0 'Buy' recommendations, accounting for 0% of MSBI's total ratings.
What is MSBI's price target?
Midland States Bancorp (MSBI) average price target is $27 with a range of $27 to $27, implying a 19.52% from its last price of $22.59. The data is based on 2 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Midland States Bancorp stock go up soon?
According to Wall Street analysts' prediction for MSBI stock, the company can go up by 19.52% (from the last price of $22.59 to the average price target of $27), up by 19.52% based on the highest stock price target, and up by 19.52% based on the lowest stock price target.
Can Midland States Bancorp stock reach $30?
MSBI's average twelve months analyst stock price target of $27 does not support the claim that Midland States Bancorp can reach $30 in the near future.
What are Midland States Bancorp's analysts' financial forecasts?
Midland States Bancorp's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $295.83M (high $296.48M, low $295.15M), average EBITDA is $113M (high $122.76M, low $103.23M), average net income is $69.63M (high $75.76M, low $63.05M), average SG&A $117.45M (high $125.16M, low $109.73M), and average EPS is $2.69 (high $2.72, low $2.63). MSBI's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $294.84M (high $295.57M, low $294.08M), average EBITDA is $86.59M (high $86.8M, low $86.37M), average net income is $57.86M (high $58.04M, low $57.66M), average SG&A $106.41M (high $106.67M, low $106.13M), and average EPS is $2.66 (high $2.67, low $2.65).
Did the MSBI's actual financial results beat the analysts' financial forecasts?
Based on Midland States Bancorp's last annual report (Dec 2023), the company's revenue was $66.59M, which missed the average analysts forecast of $305.42M by -78.20%. Apple's EBITDA was $107.57M, missing the average prediction of $110.64M by -2.78%. The company's net income was $75.46M, missing the average estimation of $75.8M by -0.45%. Apple's SG&A was $3.16M, missing the average forecast of $116.5M by -97.29%. Lastly, the company's EPS was $3.43, beating the average prediction of $3.18 by 7.73%. In terms of the last quarterly report (Dec 2023), Midland States Bancorp's revenue was $20.51M, missing the average analysts' forecast of $75.5M by -72.83%. The company's EBITDA was $27.15M, beating the average prediction of $22.17M by 22.45%. Midland States Bancorp's net income was $20.71M, beating the average estimation of $17.26M by 20.01%. The company's SG&A was $0, missing the average forecast of $27.25M by -100.00%. Lastly, the company's EPS was $0.94, beating the average prediction of $0.794 by 18.39%