MSBIP:NASDAQMidland States Bancorp, Inc. - Depositary Shares Each Representing a 1/40th Interest in a Share of 7.750% Fixed-Rate Reset Non-Cumulative Perpetual Preferred St Analysis

Midland States Bancorp (MSBIP) is trading in a tight bullish channel with the 20‑day SMA (≈$25.29) just above the 50‑day SMA (≈$25.13) and the 200‑day SMA (≈$24.68), indicating short‑term momentum is intact. Technical indicators such as a bullish MACD crossover, a neutral RSI at 52, and stable volume support a continuation of the current uptrend, while price sits comfortably above the identified support level of $25.06 and below resistance at $25.55. Fundamentally, the bank posted a 14% revenue growth year‑over‑year, strong operating margins (34%) and a healthy profit margin (12.8%), yet earnings per share are reported as zero, making the traditional PE ratio unavailable. The dividend yield is notably high at 7.66% following a recent $0.32 per share cash dividend declaration, but the payout ratio is listed as 0%, raising questions about long‑term sustainability despite solid operating cash flow. Low beta (≈0.09) and modest 30‑day volatility (≈8%) suggest limited market risk, though liquidity is thin with average daily volume under 4,000 shares.