Midland States Bancrop ( (MSBI) ) has provided an update.
Midland States Bancorp, Inc. announced that it received a deficiency notification from Nasdaq on April 3, 2025, due to its failure to timely file its Annual Report on Form 10-K for the year ended December 31, 2024. This notice does not immediately affect the company’s stock listing on Nasdaq, but it requires Midland to submit a compliance plan within 60 days. The company is working to address the delay, which is attributed to the need for additional time to finalize evaluations related to a third-party lending arrangement and internal financial controls. Midland intends to regain compliance with Nasdaq’s listing rules as soon as practicable.
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, and is the sole shareholder of Midland States Bank. As of December 31, 2024, the Company had total assets of approximately $7.53 billion, and its Wealth Management Group had assets under administration of approximately $4.15 billion. The Company provides a full range of commercial and consumer banking products and services and business equipment financing, merchant credit card services, trust and investment management, insurance and financial planning services.
YTD Price Performance: -34.60%
Average Trading Volume: 122,793
Technical Sentiment Signal: Strong Buy
Current Market Cap: $340.7M
Learn more about MSBI stock on TipRanks’ Stock Analysis page.