MSBI
Midland States Bancorp, Inc.
NasdaqGSUSDEQUITY
Financial Services
DELAYED
Buy
+29/100
Last price
32.78
▼ 0.22 (0.67%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
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Open
33.15
Prev close
33.00
Day high
33.15
Day low
32.71
Volume
89.48K
Market cap
$680.25M
P/E (TTM)
21.01
52W range
14.24 – 35.10
Day trading desk
Gap from prior close
+0.46%
Prior close 33.00
VWAP
32.87
-0.26% from price
Relative volume
0.33×
Quiet session
Session range
2.07%
32.48 – 33.15
Position in range
45%
Mid range
ATR (14D)
0.72
2.21% of price
Prior day high
33.15
PDH
Prior day low
32.70
PDL
Bid / ask spread
—
Quote not published
Session volume
56.92K
Avg 173.55K
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
+1.20%
-0.7%
1M
-2.82%
-4.0%
3M
+10.56%
+6.0%
6M
+39.25%
+21.1%
YTD
+54.84%
+40.6%
1Y
+94.77%
+78.4%
3Y
+59.59%
-22.7%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on MSBI open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
+21.83K
Net buying
Buy transactions
12
34.30K shares
Sell transactions
4
12.47K shares
Net transactions
+16
Buys less sells
Sell : buy shares
0.4 : 1
Mixed
Insider-held shares
1.70M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Sep 30, 26 | CASEY DANIEL EDWARD Officer |
STOCK | 356 | $10.05K | Direct |
| Sep 8, 26 | MOONEY KYLE OWEN Chief Operating Officer |
CONVERSION | 2.40K | $68.23K | Direct |
| Sep 8, 26 | MOONEY KYLE OWEN Chief Operating Officer |
SELL | 2.40K | $79.99K | Direct |
| Aug 18, 26 | MOONEY KYLE OWEN Officer |
SELL | 489 | $16.21K | Direct |
| Aug 11, 26 | MOONEY KYLE OWEN Chief Operating Officer |
CONVERSION | 1.20K | $34.25K | Direct |
| Aug 11, 26 | MOONEY KYLE OWEN Chief Operating Officer |
SELL | 1.20K | $40.15K | Direct |
| Jul 28, 26 | LUDWIG JEFFREY G Chief Executive Officer |
CONVERSION | 8.38K | $239.67K | Direct |
| Jul 28, 26 | LUDWIG JEFFREY G Chief Executive Officer |
SELL | 8.38K | $285.02K | Direct |
| Jun 30, 26 | DIMOTTA JENNIFER L. Director |
STOCK | 1.45K | $45.00K | Direct |
| Jun 30, 26 | CASEY DANIEL EDWARD Officer |
STOCK | 421 | $13.11K | Direct |
| Jun 30, 26 | JAMESON JEREMY ANDREW Officer |
STOCK | 1 | $31 | Direct |
| Jun 30, 26 | MCDANIEL JERRY L II Director |
STOCK | 1.45K | $45.00K | Direct |
| Jun 30, 26 | MCDONNELL JEFFREY M. Director |
STOCK | 1.45K | $45.00K | Direct |
| Jun 30, 26 | RAMOS RICHARD T Director |
STOCK | 1.45K | $45.00K | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
BINGHAM RICHARD DEAN |
Director | 75.25K | Purchase |
CASEY DANIEL EDWARD |
Officer | 28.83K | Stock Award(Grant) |
JAMESON JEREMY ANDREW |
Officer | 63.21K | Stock Award(Grant) |
LEMKE ERIC |
Chief Financial Officer | 43.33K | Stock Award(Grant) |
LUDWIG JEFFREY G |
Chief Executive Officer | 412.54K | Conversion of Exercise of derivative security |
MCDANIEL JERRY L II |
Director | 101.65K | Stock Award(Grant) |
MEFFORD JEFFREY S. |
President | 79.06K | Stock Award(Grant) |
SCHULTZ ROBERT F. |
Director | 302.74K | Stock Award(Grant) |
SMITH JEFFREY C. |
Director | 34.11K | Purchase |
TUCKER DOUGLAS J |
General Counsel | 39.06K | Stock Award(Grant) |
Fundamentals
Market cap$680.25M
Enterprise value$843.94M
Revenue (TTM)$286.15M
Gross profit$286.15M
EBITDA—
Net income$32.99M
EPS (TTM)$1.56
Free cash flow—
Total cash$302.29M
Total debt$355.42M
Book value / share$22.15
Shares outstanding20.75M
Float19.50M
Short % of float5.31%
Dividend yield4.03%
Beta (5Y)0.64
Valuation & profitability ratios
Trailing P/E21.01
Forward P/E9.67
PEG ratio1.41
Price / sales—
Price / book1.48
EV / revenue2.95
EV / EBITDA—
Gross margin0.00%
Operating margin35.57%
Profit margin15.03%
Return on equity7.52%
Return on assets0.62%
Debt / equity—
Current ratio—
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $290.36M | $356.27M | $340.22M | $380.49M | -18.5% |
| Operating revenue | $290.36M | $356.27M | $340.22M | $380.49M | -18.5% |
| Selling, general & admin | $118.40M | $102.84M | $101.38M | $96.96M | +15.1% |
| Pre-tax income | -$114.87M | $46.90M | $87.96M | $131.39M | -344.9% |
| Tax provision | $9.41M | $8.86M | $26.81M | $31.15M | +6.3% |
| Net income | -$124.28M | $38.04M | $61.16M | $100.24M | -426.7% |
| Net income to common | -$133.73M | $28.65M | $51.59M | $95.95M | -566.8% |
| Basic EPS | 1.03 | -1.05 | 2.33 | 4.29 | +198.2% |
| Diluted EPS | 1.01 | -1.05 | 2.33 | 4.28 | +196.2% |
| Basic shares | 21.90M | 21.28M | 22.12M | 22.34M | +2.9% |
| Diluted shares | 21.90M | 21.74M | 22.12M | 22.40M | +0.7% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $127.28M | $114.06M | $134.21M | $153.34M | +11.6% |
| Accounts receivable | $23.82M | $25.33M | $34.13M | $20.31M | -5.9% |
| Property, plant & equipment | $85.13M | $85.71M | $82.81M | $78.29M | -0.7% |
| Goodwill & intangibles | $28.73M | $191.85M | $198.26M | $183.97M | -85.0% |
| Total assets | $6.51B | $7.51B | $7.79B | $7.86B | -13.2% |
| Current debt | $60.18M | $87.50M | $200.87M | $142.31M | -31.2% |
| Long-term debt | $320.02M | $335.75M | $403.55M | $459.77M | -4.7% |
| Total debt | $380.20M | $423.25M | $604.41M | $602.08M | -10.2% |
| Total liabilities | $5.95B | $6.80B | $7.07B | $7.10B | -12.5% |
| Retained earnings | $86.83M | $247.70M | $245.64M | $282.40M | -64.9% |
| Shareholder equity | $565.50M | $710.85M | $715.11M | $758.57M | -20.4% |
| Net tangible assets | $536.76M | $519.00M | $516.85M | $574.60M | +3.4% |
| Shares issued | 21.17M | 21.49M | 21.55M | 22.21M | -1.5% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | -$124.28M | $38.04M | $61.16M | $100.24M | -426.7% |
| Depreciation & amortisation | $11.95M | $13.16M | $12.72M | $14.38M | -9.2% |
| Stock-based compensation | $2.91M | $3.03M | $2.49M | $2.21M | -3.9% |
| Change in working capital | -$9.82M | $8.63M | -$3.19M | -$32.61M | -213.9% |
| Operating cash flow | $125.68M | $176.55M | $153.36M | $285.82M | -28.8% |
| Capital expenditure | -$5.35M | -$6.90M | -$8.73M | -$3.47M | +22.5% |
| Investing cash flow | $748.90M | $136.71M | -$74.80M | -$1.14B | +447.8% |
| Share buybacks | -$9.66M | -$5.47M | -$17.90M | -$1.11M | -76.4% |
| Dividends paid | -$36.59M | -$35.98M | -$35.49M | -$29.09M | -1.7% |
| Financing cash flow | -$861.54M | -$333.55M | -$104.13M | $332.08M | -158.3% |
| Free cash flow | $120.33M | $169.65M | $144.63M | $282.35M | -29.1% |
| End cash position | $127.81M | $114.77M | $135.06M | $160.63M | +11.4% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $79.16M | $75.12M | $59.40M | $78.14M | $78.85M | +5.4% |
| Operating revenue | $79.16M | $75.12M | $59.40M | $78.14M | $78.85M | +5.4% |
| Selling, general & admin | $29.35M | $27.93M | $31.97M | $29.36M | $28.39M | +5.1% |
| Pre-tax income | $25.78M | $24.11M | -$3.25M | $11.31M | $14.87M | +6.9% |
| Tax provision | $5.89M | $5.65M | -$360.00K | $3.76M | $2.84M | +4.4% |
| Net income | $19.89M | $18.46M | -$2.89M | $7.56M | $12.02M | +7.7% |
| Net income to common | $17.24M | $15.84M | $14.94M | -$1.69M | $9.63M | +8.9% |
| Basic EPS | 0.82 | 0.74 | -0.24 | 0.24 | 0.44 | +10.8% |
| Diluted EPS | 0.82 | 0.74 | -0.24 | 0.24 | 0.44 | +10.8% |
| Basic shares | 21.07M | 21.30M | 21.85M | 21.86M | 21.82M | -1.1% |
| Diluted shares | 21.07M | 21.30M | 21.85M | 21.86M | 21.82M | -1.1% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $298.24M | $113.02M | $127.28M | $165.67M | $175.90M | +163.9% |
| Accounts receivable | $23.68M | $25.88M | $23.82M | $26.67M | $25.05M | -8.5% |
| Property, plant & equipment | $82.90M | $84.17M | $85.13M | $86.00M | $86.24M | -1.5% |
| Goodwill & intangibles | $26.74M | $27.77M | $28.73M | $33.71M | $35.01M | -3.7% |
| Total assets | $6.70B | $6.55B | $6.51B | $6.91B | $7.11B | +2.3% |
| Current debt | $0 | $153.43M | $60.18M | $206.77M | $90.65M | -100.0% |
| Long-term debt | $285.03M | $265.02M | $320.02M | $340.01M | $340.76M | +7.5% |
| Total debt | $285.03M | $418.45M | $380.20M | $546.78M | $431.41M | -31.9% |
| Total liabilities | $6.13B | $5.99B | $5.95B | $6.33B | $6.53B | +2.4% |
| Retained earnings | $107.03M | $96.17M | $86.83M | $99.04M | $100.72M | +11.3% |
| Shareholder equity | $569.69M | $558.95M | $565.50M | $584.00M | $573.71M | +1.9% |
| Net tangible assets | $542.95M | $531.18M | $536.76M | $550.29M | $538.70M | +2.2% |
| Shares issued | 20.73M | 20.81M | 21.17M | 21.54M | 21.52M | -0.4% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $19.89M | $18.46M | -$2.89M | $7.56M | $12.02M | +7.7% |
| Depreciation & amortisation | $2.69M | $2.71M | $2.92M | $2.91M | $3.00M | -1.1% |
| Stock-based compensation | $581.00K | $939.00K | $728.00K | $651.00K | $750.00K | -38.1% |
| Change in working capital | $10.78M | -$6.68M | -$37.48M | $25.00M | $2.06M | +261.3% |
| Operating cash flow | $29.47M | $16.97M | -$7.06M | $79.98M | $28.06M | +73.7% |
| Capital expenditure | -$276.00K | -$619.00K | -$740.00K | -$1.37M | -$1.39M | +55.4% |
| Investing cash flow | $25.57M | -$68.35M | $334.73M | $145.24M | $229.47M | +137.4% |
| Share buybacks | -$2.74M | -$7.92M | -$9.66M | $0 | $0 | +65.4% |
| Dividends paid | -$9.03M | -$9.12M | -$9.32M | -$9.25M | -$9.01M | +1.0% |
| Financing cash flow | $130.04M | $37.23M | -$366.01M | -$235.67M | -$182.94M | +249.3% |
| Free cash flow | $29.20M | $16.35M | -$7.80M | $78.61M | $26.67M | +78.6% |
| End cash position | $298.75M | $113.66M | $127.81M | $166.15M | $176.59M | +162.8% |
Options analytics
Put / call volume
0.01
Call-heavy session
Put / call open interest
0.00
Positioning, not flow
Max pain
17.50
-46.6% from spot
ATM implied vol
12.5%
Nearest strike to spot
Skew (10% OTM)
+37.5%
Puts bid over calls
Call volume
73
Contracts, this expiry
Put volume
1
Contracts, this expiry
Heaviest call OI
25.00
68 contracts
Heaviest put OI
17.50
0 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.78 | 0.82 | +4.9% |
| Mar 2026 | 0.61 | 0.79 | +29.1% |
| Dec 2025 | 0.75 | 0.53 | -29.3% |
| Sep 2025 | 0.64 | 0.24 | -62.5% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.88 | 5 | $83.77M | +3.3% |
| Next quarter | 0.87 | 5 | $83.43M | -2.5% |
| Current year | 3.37 | 5 | $331.30M | +1.9% |
| Next year | 3.39 | 5 | $333.65M | +0.7% |
Analyst targets & ownership
Mean target$33.25
High target$35.00
Low target$31.00
Implied upside1.43%
Analyst count4
ConsensusHOLD
Strong buy / Buy0 / 0
Hold5
Sell / Strong sell0 / 0
Held by insiders8.17%
Held by institutions72.46%
Institutions holding228
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
32.82
-0.11% from price
SMA 20
33.10
-0.97% from price
SMA 50
33.23
-1.35% from price
SMA 100
31.38
+4.48% from price
SMA 200
27.22
+20.44% from price
EMA 12
32.92
-0.42% from price
EMA 26
32.98
-0.61% from price
EMA 50
32.62
+0.49% from price
RSI (14)
47.7
Neutral
MACD (12,26,9)
-0.06
Hist -0.05
ATR (14)
0.72
2.21% of price
Realised vol 30D
17.5%
Annualised
Bollinger upper
33.96
20, 2σ
Bollinger lower
32.24
20, 2σ
50 / 200 cross
Golden
33.23 vs 27.22
Trend bias
Above 200
+20.44%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.68
Less volatile than market
Correlation to SPY
0.28
Largely independent
Realised vol 30D
17.5%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-14.6%
Peak to trough
Max drawdown 5Y
-52.0%
Peak to trough
ATR 14
0.72
2.21% of price
Beta (reported)
0.64
5Y monthly, from filing
Short interest
Shares short
1.02M
Prior 909.55K
Change vs prior
+11.8%
Shorts adding
% of float
5.31%
Normal
% of shares out
4.90%
Against total outstanding
Days to cover
7.3
Crowded exit
Float
19.50M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Jul 28, 26 | Piper Sandler | MAINTAINED | Neutral | Neutral |
| Jul 27, 26 | Keefe, Bruyette & Woods | MAINTAINED | Market Perform | Market Perform |
| Jul 27, 26 | DA Davidson | MAINTAINED | Neutral | Neutral |
| Jun 26, 26 | Piper Sandler | MAINTAINED | Neutral | Neutral |
| Apr 27, 26 | DA Davidson | MAINTAINED | Neutral | Neutral |
| Apr 27, 26 | Piper Sandler | MAINTAINED | Neutral | Neutral |
| Jan 26, 26 | Piper Sandler | MAINTAINED | Neutral | Neutral |
| Jan 26, 26 | DA Davidson | MAINTAINED | Neutral | Neutral |
| Dec 8, 25 | Keefe, Bruyette & Woods | MAINTAINED | Market Perform | Market Perform |
| Dec 2, 25 | Piper Sandler | MAINTAINED | Neutral | Neutral |
| Nov 4, 25 | Piper Sandler | MAINTAINED | Neutral | Neutral |
| Nov 3, 25 | Keefe, Bruyette & Woods | MAINTAINED | Market Perform | Market Perform |
Dividends & splits
Forward rate$1.32 / yr
Forward yield4.03%
5-year avg yield5.07%
Payout ratio82.05%
Ex-dividend dateAug 14, 2026
Next pay dateAug 21, 2026
Last split—
Split date—
SEC filings
Corporate Changes & Voting Matters
8-K · 2026-08-04
Periodic Financial Reports
10-Q · 2026-07-30
Corporate Changes & Voting Matters
8-K · 2026-07-28
Corporate Changes & Voting Matters
8-K · 2026-07-23
Corporate Changes & Voting Matters
8-K · 2026-05-11
Corporate Changes & Voting Matters
8-K · 2026-05-08
Corporate Changes & Voting Matters
8-K · 2026-05-05
Periodic Financial Reports
10-Q · 2026-04-30
Headlines
Midland States Bancorp Files $250 Million Shelf Registration
MT Newswires · 9h ago
Midland States Bancorp Files Universal Shelf Registration Statement
GlobeNewswire · 10h ago
3 Regional Bank Stocks Worth Watching As Fed Rates Keep Cash Yields High
Simply Wall St. · 15h ago
3 US Bank Stocks Built For Higher Money Market Yields
Simply Wall St. · 11d ago
Midland States Bancorp (MSBI) is a Top Dividend Stock Right Now: Should You Buy?
Zacks · 13d ago
Should Value Investors Buy Midland States Bancorp (MSBI) Stock?
Zacks · 58d ago
New Strong Buy Stocks for August 7th
Zacks · 61d ago
Midland States Bancorp, Inc. Increases Common Stock Cash Dividend to $0.33 Per Share and Declares Preferred Stock Dividend
GlobeNewswire · 63d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.