--- title: "Midland States Bancorp (NASDAQ:MSBI) Board of Directors Approves Share Buyback Plan" type: "News" locale: "en" url: "https://longbridge.com/en/news/285470619.md" description: "Midland States Bancorp (NASDAQ:MSBI) has announced a share buyback program, authorizing the repurchase of $45 million in shares, which represents up to 8% of its stock. This decision indicates the board's belief that the stock is undervalued. Additionally, the company declared a quarterly dividend of $0.32, with a yield of 4.6%. Recent analyst ratings show a mix of upgrades and holds, with a consensus target price of $23.90. The stock traded at $27.79, reflecting a market cap of $576.09 million and a P/E ratio of 23.55." datetime: "2026-05-07T02:06:52.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285470619.md) - [en](https://longbridge.com/en/news/285470619.md) - [zh-HK](https://longbridge.com/zh-HK/news/285470619.md) --- # Midland States Bancorp (NASDAQ:MSBI) Board of Directors Approves Share Buyback Plan Midland States Bancorp (NASDAQ:MSBI - Get Free Report) announced that its Board of Directors has authorized a share buyback program on Wednesday, May 6th, RTT News reports. The company plans to buyback $45.00 million in shares. This buyback authorization allows the financial services provider to purchase up to 8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its stock is undervalued. Get **Midland States Bancorp** alerts: ## Analyst Upgrades and Downgrades A number of brokerages recently weighed in on MSBI. UBS Group set a $25.50 target price on shares of Midland States Bancorp in a report on Monday, January 26th. Wall Street Zen upgraded shares of Midland States Bancorp from a "sell" rating to a "hold" rating in a report on Friday, January 23rd. Piper Sandler raised their target price on shares of Midland States Bancorp from $25.50 to $28.00 and gave the stock a "neutral" rating in a report on Monday, April 27th. Weiss Ratings upgraded shares of Midland States Bancorp from a "sell (d+)" rating to a "hold (c)" rating in a report on Monday. Finally, Zacks Research upgraded shares of Midland States Bancorp from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Midland States Bancorp has an average rating of "Hold" and a consensus target price of $23.90. **Read Our Latest Analysis on Midland States Bancorp** ## Midland States Bancorp Price Performance NASDAQ:MSBI traded up $0.71 during trading hours on Wednesday, reaching $27.79. 216,385 shares of the company's stock were exchanged, compared to its average volume of 176,588. The company has a market capitalization of $576.09 million, a P/E ratio of 23.55 and a beta of 0.66. Midland States Bancorp has a 12 month low of $14.24 and a 12 month high of $28.38. The company has a quick ratio of 0.80, a current ratio of 0.78 and a debt-to-equity ratio of 0.71. The business's 50-day simple moving average is $22.95 and its two-hundred day simple moving average is $21.01. Midland States Bancorp (NASDAQ:MSBI - Get Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.79 EPS for the quarter, beating the consensus estimate of $0.60 by $0.19. The business had revenue of $81.10 million during the quarter, compared to the consensus estimate of $75.59 million. Midland States Bancorp had a net margin of 7.53% and a return on equity of 11.55%. Sell-side analysts expect that Midland States Bancorp will post 3.17 EPS for the current fiscal year. ## Midland States Bancorp Announces Dividend The company also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Friday, May 15th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Friday, May 15th. Midland States Bancorp's dividend payout ratio is 108.47%. ## Insider Activity at Midland States Bancorp In other news, Director Travis Franklin purchased 9,400 shares of Midland States Bancorp stock in a transaction that occurred on Tuesday, May 5th. The stock was acquired at an average price of $26.49 per share, for a total transaction of $249,006.00. Following the transaction, the director owned 9,400 shares in the company, valued at $249,006. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 8.57% of the company's stock. ## About Midland States Bancorp Get Free Report) 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. ## Read More - Five stocks we like better than Midland States Bancorp _This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com._ ## Should You Invest $1,000 in Midland States Bancorp Right Now? Before you consider Midland States Bancorp, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Midland States Bancorp wasn't on the list. While Midland States Bancorp currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks Here ### Related Stocks - [MSBI.US](https://longbridge.com/en/quote/MSBI.US.md) - [UBS.US](https://longbridge.com/en/quote/UBS.US.md) - [PIPR.US](https://longbridge.com/en/quote/PIPR.US.md) ## Related News & Research - [Midland States Bancorp, Inc. 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