Midland States Bancorp, Inc. (MSBI)

Midland States Bancorp Stock Forecast

Stock Price Forecast

The 3 analysts that cover Midland States Bancorp stock have a consensus rating of "Hold" and an average price target of $22.83, which forecasts a -0.74% decrease in the stock price over the next year. The lowest target is $19 and the highest is $25.5.

Price Target: $22.83 (-0.74%)

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$19	$22.83	$24	$25.5
Change	-17.39%	-0.74%	+4.35%	+10.87%

* Price targets were last updated on Jan 26, 2026.

Analyst Ratings

The average analyst rating for Midland States Bancorp stock is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Oct '25	Nov '25	Dec '25	Jan '26	Feb '26	Mar '26
Strong Buy	0	0	0	0	0	0
Buy	0	0	0	0	0	0
Hold	3	3	3	3	3	3
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	3	3	3	3	3	3

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Nathan Race Piper Sandler	Piper Sandler	Hold Maintains $23 → $26	Hold	Maintains	$23 → $26	+10.87%	Jan 26, 2026
Jeff Rulis DA Davidson	DA Davidson	Hold Maintains $23 → $24	Hold	Maintains	$23 → $24	+4.35%	Jan 26, 2026
Damon Delmonte Keefe, Bruyette & Woods	Keefe, Bruyette & Woods	Hold Maintains $17 → $19	Hold	Maintains	$17 → $19	-17.39%	Dec 8, 2025
Nathan Race Piper Sandler	Piper Sandler	Hold Maintains $18 → $19	Hold	Maintains	$18 → $19	-17.39%	Dec 2, 2025
Nathan Race Piper Sandler	Piper Sandler	Hold Maintains $21 → $18	Hold	Maintains	$21 → $18	-21.74%	Nov 4, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

313.95M

Increased by 18.41%

from 265.14M

Revenue Next Year

320.45M

Increased by 2.07%

from 313.95M

EPS This Year

2.76

from -6.12

EPS Next Year

2.85

Increased by 3.60%

from 2.76

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	281.49M	327.81M	280.37M	254.52M	265.14M	313.95M	320.45M
Revenue Growth	24.19%	16.46%	-14.47%	-9.22%	4.17%	18.41%	2.07%
EPS	3.57	4.28	2.33	1.32	-6.12	2.76	2.85
EPS Growth	275.79%	20.01%	-45.62%	-43.42%	-	-	3.60%
Forward PE	-	-	-	-	-	8.35	8.06
No. Analysts	-	-	-	-	-	7	7

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2026	2027
High	327.7M	336.6M
Avg	314.0M	320.5M
Low	296.1M	304.4M

Revenue Growth

Revenue Growth	2026	2027
High	23.6%	7.2%
Avg	18.4%	2.1%
Low	11.7%	-3.0%

EPS Forecast

EPS	2026	2027
High	3.05	3.10
Avg	2.76	2.85
Low	2.50	2.44

EPS Growth

EPS Growth	2026	2027
High	-	12.5%
Avg	-	3.6%
Low	-	-11.4%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.