Principal Financial Group Inc. Takes $912,000 Position in Midland States Bancorp, Inc. $MSBI

01 Aug 2026, 05:43 by Jessica Moore · The Cerbat Gem

Principal Financial Group Inc. bought a new position in Midland States Bancorp, Inc. (NASDAQ:MSBI – Free Report) during the 1st quarter, Holdings Channel reports. The fund bought 40,863 shares of the financial services provider’s stock, valued at approximately $912,000.

Other large investors have also recently made changes to their positions in the company. Amundi lifted its position in shares of Midland States Bancorp by 39.4% in the first quarter. Amundi now owns 2,194 shares of the financial services provider’s stock worth $38,000 after buying an additional 620 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in Midland States Bancorp by 33.1% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 2,022 shares of the financial services provider’s stock valued at $43,000 after buying an additional 503 shares in the last quarter. CIBC Private Wealth Group LLC purchased a new position in Midland States Bancorp during the 3rd quarter valued at approximately $46,000. Quadrant Capital Group LLC increased its stake in Midland States Bancorp by 302.7% in the 4th quarter. Quadrant Capital Group LLC now owns 4,599 shares of the financial services provider’s stock worth $97,000 after acquiring an additional 3,457 shares during the last quarter. Finally, Daytona Street Capital LLC bought a new stake in Midland States Bancorp in the 4th quarter worth approximately $107,000. 60.93% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on MSBI shares. Zacks Research raised Midland States Bancorp from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. Wall Street Zen raised shares of Midland States Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday. DA Davidson lifted their price objective on shares of Midland States Bancorp from $30.00 to $33.00 and gave the stock a “neutral” rating in a research note on Monday. Piper Sandler lifted their price objective on shares of Midland States Bancorp from $32.00 to $35.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Keefe, Bruyette & Woods upped their target price on shares of Midland States Bancorp from $28.00 to $31.00 and gave the company a “market perform” rating in a research report on Monday, July 27th. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Midland States Bancorp has an average rating of “Hold” and a consensus price target of $29.10.

Check Out Our Latest Report on MSBI

Insider Activity

In other news, Director Travis Franklin bought 9,400 shares of the stock in a transaction dated Tuesday, May 5th. The stock was purchased at an average price of $26.49 per share, for a total transaction of $249,006.00. Following the acquisition, the director owned 9,400 shares of the company’s stock, valued at $249,006. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jeffrey G. Ludwig sold 8,383 shares of Midland States Bancorp stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $34.00, for a total transaction of $285,022.00. Following the transaction, the chief executive officer directly owned 400,971 shares of the company’s stock, valued at approximately $13,633,014. This represents a 2.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 8.57% of the stock is currently owned by company insiders.

Midland States Bancorp Price Performance

Shares of Midland States Bancorp stock opened at $33.67 on Friday. The stock has a market cap of $697.98 million, a price-to-earnings ratio of 21.58 and a beta of 0.66. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.78 and a current ratio of 0.78. The stock has a 50 day moving average price of $30.17 and a 200-day moving average price of $25.86. Midland States Bancorp, Inc. has a one year low of $14.24 and a one year high of $34.35.

Midland States Bancorp (NASDAQ:MSBI – Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The financial services provider reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.04. The company had revenue of $83.74 million for the quarter, compared to analyst estimates of $80.70 million. Midland States Bancorp had a return on equity of 13.32% and a net margin of 9.40%. Equities analysts expect that Midland States Bancorp, Inc. will post 3.4 EPS for the current year.

Midland States Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 15th were paid a $0.32 dividend. The ex-dividend date of this dividend was Friday, May 15th. This represents a $1.28 annualized dividend and a dividend yield of 3.8%. Midland States Bancorp’s dividend payout ratio is currently 82.05%.

Midland States Bancorp declared that its Board of Directors has initiated a stock buyback plan on Wednesday, May 6th that allows the company to buyback $45.00 million in shares. This buyback authorization allows the financial services provider to reacquire up to 8% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Midland States Bancorp Profile

(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.