Obermatt

Midland States Bancorp

NSQ:MSBI · US5977421057
BanksSmall

360

2
Profit price9
Cash yield93
Price/Sales97
EV / Gross Profit51
Price/Book33
Returns on capital18
Profit margins
Cash Conversion98
Accruals95
Owner Earnings Margin10
Sales growth4
Profit growth38
Reinvestment49
Price momentum100
Debt load10
Debt serviceability81
Liquidity53
Analyst ratings1
Opinion Changes50
Price Target Upside1
Market mood33
Value Creation13/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Midland States Bancorp clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Based on 3/5 components.

Profile

CountryUSA
IndustryBanks
SizeSmall
TypePublic Company
ExchangeNASDAQGS
ISINUS5977421057
Last UpdateApr 2, 2026
Themes
BankingFinancial Services

Description

Midland States Bancorp, Inc. operates as a financial holding company for Midland States Bank that provides a full range of commercial and consumer banking products and services, merchant credit card services, trust and investment management, insuranc…

Analysis

Weak and unloved

Midland States Bancorp, Inc. scores below average on quality and is priced accordingly, a low-conviction position in either direction.

On valuation, the picture is attractive. The owner-earnings multiple stands at 14.9×; owner earnings: the cash an owner could take out each year.

Growth is tepid; the safety picture is stretched. The company scores 13/20 on our value-creation score: creating some value. Analyst sentiment is cautious.

No flags apply to this company at this time: accounts, balance sheet, and cash quality all pass. A clean bill of health is meaningful, not just the absence of a warning. This analysis describes numbers; it is not investment advice.

360° rank · history

1007550250
31
2023202420252026

All-time high

72

Feb 2026

All-time low

13

May 2025

Average rank

34

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
97
95
89
91
Price/Earnings
83
100
91
91
Price/Book
33
95
75
89
Dividend Yield
93
98
92
84
Value (overall)
90
98
100
100

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →