Midland States Bancorp approved a $25 million stock repurchase program effective November 3, 2025, through November 2, 2026.
Quiver AI Summary
Midland States Bancorp, Inc. has announced the approval of a new stock repurchase program, allowing for the repurchase of up to $25 million of its common stock, effective from November 3, 2025, to November 2, 2026. This program follows the expiration of a previous repurchase plan on December 31, 2024. CEO Jeffrey G. Ludwig expressed confidence in the company’s capital position and growth potential, highlighting the stock as an attractive investment. The repurchases may occur through various methods, including open market transactions, and will depend on factors such as market conditions and regulatory requirements. The program can be suspended or discontinued at any time. Midland States Bancorp is a community-based financial holding company headquartered in Effingham, Illinois, with total assets of approximately $6.91 billion as of September 30, 2025.
Potential Positives
- Authorization of a new stock repurchase program for up to $25 million demonstrates the company's confidence in its capital position and long-term growth potential.
- The repurchase program suggests a commitment to returning value to shareholders, making the stock more attractive to investors.
- Jeffrey G. Ludwig, the President and CEO, articulated positive sentiments about credit quality and capital management, potentially enhancing investor trust.
Potential Negatives
- The announcement of a stock repurchase program may indicate that the company does not have better investment opportunities for its capital, which could signal weaker growth prospects.
- The expiration of the previous repurchase program without a specified increase in shareholder returns may raise concerns about the effectiveness of such initiatives.
- The ability to suspend or discontinue the repurchase program at any time without prior notice could create uncertainty among investors regarding the company's commitment to shareholder returns.
FAQ
What is the new stock repurchase program for Midland States Bancorp?
Midland States Bancorp has launched a stock repurchase program authorizing up to $25 million to buy back its common stock.
When does the stock repurchase program take effect?
The new stock repurchase program is effective from November 3, 2025, to November 2, 2026.
Why is Midland States Bancorp initiating this stock repurchase?
The company believes this repurchase plan reflects their confidence in capital position and long-term growth potential.
How will the stock repurchase be executed?
Repurchases may occur on the open market, in privately negotiated transactions, or in any compliant manner via applicable securities laws.
Can the repurchase program be discontinued?
Yes, the company may suspend or discontinue the stock repurchase program at any time without prior notice.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$MSBI Hedge Fund Activity
We have seen 76 institutional investors add shares of $MSBI stock to their portfolio, and 62 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- MILLENNIUM MANAGEMENT LLC added 291,227 shares (+399.8%) to their portfolio in Q2 2025, for an estimated $5,044,051
- DANA INVESTMENT ADVISORS, INC. removed 239,838 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $4,153,994
- AQR CAPITAL MANAGEMENT LLC added 149,175 shares (+38.1%) to their portfolio in Q2 2025, for an estimated $2,583,711
- ACADIAN ASSET MANAGEMENT LLC removed 124,321 shares (-94.3%) from their portfolio in Q2 2025, for an estimated $2,153,239
- PALISADES INVESTMENT PARTNERS, LLC removed 102,951 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $1,783,111
- SEGALL BRYANT & HAMILL, LLC removed 96,008 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $1,662,858
- CITADEL ADVISORS LLC added 77,191 shares (+66.9%) to their portfolio in Q2 2025, for an estimated $1,336,948
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$MSBI Price Targets
Multiple analysts have issued price targets for $MSBI recently. We have seen 2 analysts offer price targets for $MSBI in the last 6 months, with a median target of $19.0.
Here are some recent targets:
- Damon Delmonte from Keefe, Bruyette & Woods set a target price of $17.0 on 11/03/2025
- Nathan Race from Piper Sandler set a target price of $21.0 on 07/11/2025
Full Release
EFFINGHAM, Ill., Nov. 03, 2025 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ: MSBI) announced today that its Board of Directors has approved a new stock repurchase program that authorizes the Company to repurchase up to $25 million of its common stock. The new stock repurchase program will become effective on November 3, 2025 and expires on November 2, 2026. The Company’s most recent stock repurchase program expired on December 31, 2024.
Jeffrey G. Ludwig, President and Chief Executive Officer of the Company, said, “The announcement of this new repurchase plan reflects our confidence in the Company’s capital position, improving credit quality and our ability to support the long-term growth trajectory of the Midland franchise. We view our stock to be a compelling investment opportunity and believe that the new share repurchase program underscores our approach to capital management.”
Stock repurchases under the Company’s authorized program may be made from time to time on the open market, in privately negotiated transactions, or in any other manner that complies with applicable securities laws, at the discretion of the Company. The timing of purchases and the number of shares repurchased under the program is dependent upon a variety of factors including price, trading volume, corporate and regulatory requirements, and market conditions. The repurchase program may be suspended or discontinued at any time without prior notice.
About Midland States Bancorp, Inc.
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 September 30, 2025, the Company had total assets of approximately $6.91 billion, and its Wealth Management Group had assets under administration of approximately $4.36 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. For additional information, visit https://www.midlandsb.com/ or https://www.linkedin.com/company/midland-states-bank.
CONTACTS:
Eric T. Lemke, Chief Financial Officer, at
[email protected]
or (217) 342-7321
