Midland States Bancorp Receives Nasdaq Deficiency Notice

Midland States Bancrop ( (MSBI) ) has provided an update.

Midland States Bancorp, Inc. announced that it received a deficiency notification from Nasdaq on May 19, 2025, due to its failure to timely file its Annual Report on Form 10-K for the year ended December 31, 2024, and its Quarterly Report on Form 10-Q for the quarter ended March 31, 2025. The notice has no immediate effect on the company’s stock listing or trading on the Nasdaq Global Select Market. The company has until June 2, 2025, to submit a compliance plan to Nasdaq and may be granted up to 180 days to regain compliance. Midland States Bancorp is evaluating its accounting and financial reporting of third-party lending and servicing arrangements and assessing potential goodwill impairment.

The most recent analyst rating on (MSBI) stock is a Hold with a $24.00 price target. To see the full list of analyst forecasts on Midland States Bancrop stock, see the MSBI Stock Forecast page.

Spark’s Take on MSBI Stock

According to Spark, TipRanks’ AI Analyst, MSBI is a Neutral.

Midland States Bancorp exhibits solid revenue growth and financial stability but faces profitability challenges, as reflected in the financial performance. The technical indicators suggest a bearish momentum, which is a primary concern. Valuation metrics indicate a negative P/E ratio, offset slightly by a strong dividend yield. Corporate events reveal strategic repositioning efforts, which could positively influence long-term performance. Overall, the stock shows potential but is currently under pressure from several fronts.

To see Spark’s full report on MSBI stock, click here.

More about Midland States Bancrop

Midland States Bancorp, Inc. is a community-based financial holding company headquartered in Effingham, Illinois. It is the sole shareholder of Midland States Bank and, as of March 31, 2025, had total assets of approximately $7.46 billion. The company offers a comprehensive range of commercial and consumer banking products and services, including business equipment financing, merchant credit card services, trust and investment management, insurance, and financial planning services.

Average Trading Volume: 116,840

Technical Sentiment Signal: Sell

Current Market Cap: $361M

For a thorough assessment of MSBI stock, go to TipRanks’ Stock Analysis page.