Midland States Bancorp (MSBI) – Analysts’ Recent Ratings Changes

Midland States Bancorp (NASDAQ: MSBI) has recently received a number of price target changes and ratings updates:

• 8/1/2026 – Midland States Bancorp was upgraded by Wall Street Zen from “hold” to “buy”.
• 7/31/2026 – Midland States Bancorp had its “hold (c)” rating reaffirmed by Weiss Ratings.
• 7/28/2026 – Midland States Bancorp had its price target raised by Piper Sandler from $32.00 to $35.00. They now have a “neutral” rating on the stock.
• 7/27/2026 – Midland States Bancorp had its price target raised by DA Davidson from $30.00 to $33.00. They now have a “neutral” rating on the stock.
• 7/27/2026 – Midland States Bancorp had its price target raised by Keefe, Bruyette & Woods from $28.00 to $31.00. They now have a “market perform” rating on the stock.
• 6/26/2026 – Midland States Bancorp had its price target raised by Piper Sandler from $28.00 to $32.00. They now have a “neutral” rating on the stock.

Midland States Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 14th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.9%. This is a boost from Midland States Bancorp’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Friday, August 14th. Midland States Bancorp’s dividend payout ratio is 82.05%.

Insider Transactions at Midland States Bancorp

In other news, CEO Jeffrey G. Ludwig sold 8,383 shares of Midland States Bancorp stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $34.00, for a total transaction of $285,022.00. Following the completion of the sale, the chief executive officer directly owned 400,971 shares in the company, valued at approximately $13,633,014. This trade represents a 2.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 8.57% of the company’s stock.

Midland States Bancorp, Inc is a bank holding company headquartered in Effingham, Illinois, that oversees Midland States Bank, a community-focused financial institution. Through its subsidiary, the company provides a full range of commercial and retail banking services designed to meet the needs of individuals, small and mid-sized businesses, and nonprofit organizations. Its branch network spans key markets in Illinois, Missouri and Florida, where it emphasizes relationship-driven banking and local decision-making.

The company’s offerings include traditional deposit accounts, business and commercial lending, treasury and cash management services, mortgage financing and home equity products.