MSBI Stock Summary and Trading Ideas (Midland States Bancorp | NASDAQ:MSBI)

Midland States Bancorp Inc is a diversified financial holding company. The company provides a full range of commercial and consumer banking products and services, business equipment financing, merchant credit card services, trust and investment management, and insurance and financial planning services. The Banking segment which generates the majority of the revenue, provides a wide range of financial products and services to consumers and businesses, including commercial, commercial real estate, mortgage and other consumer loan products; commercial equipment financing etc. The Wealth Management segment consists of trust and fiduciary services, brokerage and retirement planning services. The Other segment includes the operating results of the parent company.

Midland States Bancorp trades on the NASDAQ stock market under the symbol MSBI.

As of April 25, 2024, MSBI stock price declined to $23.87 with 5,494 million shares trading.

MSBI has a beta of 1.14, meaning it tends to be more sensitive to market movements. MSBI has a correlation of 0.26 to the broad based SPY ETF.

MSBI has a market cap of $521.56 million. This is considered a Small Cap stock.

Last quarter Midland States Bancorp reported $79 million in Revenue and $.89 earnings per share. This beat revenue expectation by $3 million and exceeded earnings estimates by $.10.

In the last 3 years, MSBI stock traded as high as $30.60 and as low as $17.98.

The top ETF exchange traded funds that MSBI belongs to (by Net Assets): VTI, IWM, AVUV, VXF, IWN.

MSBI has outperformed the market in the last year with a price return of +26.3% while the SPY ETF gained +22.4%. However, in the short term, MSBI had mixed performance relative to the market. It has underperformed in the last 3 months, returning -10.3% vs +3.0% return in SPY. But in the last 2 weeks, MSBI shares have fared better than the market returning +2.3% compared to SPY -3.1%.

MSBI support price is $23.77 and resistance is $24.89 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MSBI stock will trade within this expected range on the day.