Midland States Bancorp announces investment from Patriot Financial Partners and the addition of James F. Deutsch to its board.
Quiver AI Summary
Midland States Bancorp, Inc. announced that Patriot Financial Partners, L.P. has acquired a stake in the company through open-market purchases. Concurrently, James F. Deutsch has been appointed to the Board of Directors and the board of Midland States Bank, the company's banking subsidiary. Deutsch, who is a partner at Patriot and has extensive experience in the banking sector, expressed enthusiasm about contributing to Midland's growth. Company executives highlighted the importance of collaborating with institutional investors like Patriot, which they believe aligns with their goals and mission. As of late 2025, Midland States Bancorp had total assets of approximately $6.51 billion and offers a wide range of financial services.
Potential Positives
- Patriot Financial Partners, a reputable institutional investor, has acquired a position in Midland States Bancorp, which signifies confidence in the company's future.
- James F. Deutsch has been appointed to the Board of Directors, bringing extensive experience in banking which could enhance the board's expertise and strategic direction.
- The investment from Patriot is expected to support Midland States Bancorp's growth strategies and expansion efforts, reinforcing its market position.
Potential Negatives
- The announcement of a significant investment by an external party, Patriot Financial Partners, may raise questions about the Company's independence and potential influence from investors.
- The addition of a board member from a private equity firm, while potentially beneficial, could indicate an increased focus on financial returns which may not align with community banking values.
- The reliance on external institutional investments for growth could signal a lack of confidence in the Company’s internal strategies or performance.
FAQ
What recent investment was announced by Midland States Bancorp?
Midland States Bancorp announced that Patriot Financial Partners acquired a position in the Company’s common stock through open-market purchases.
Who has been appointed to the Board of Directors?
James F. Deutsch has been appointed to the Board of Directors of Midland States Bancorp effective February 3, 2026.
What is James F. Deutsch's background?
Mr. Deutsch is a partner at Patriot, former CEO of Team Capital Bank, and has over 25 years in banking and finance.
Why is Patriot Financial Partners investing in Midland States Bancorp?
Patriot’s investment affirms its belief in the Company’s direction and mission, aligning with its values for shareholder returns.
What services does Midland States Bancorp provide?
Midland States Bancorp offers commercial and consumer banking, credit card services, trust and investment management, and financial planning services.
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 Insider Trading Activity
$MSBI insiders have traded $MSBI stock on the open market 6 times in the past 6 months. Of those trades, 5 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $MSBI stock by insiders over the last 6 months:
- JEREMY ANDREW JAMESON (EVP - Chief Credit Officer) purchased 5,598 shares for an estimated $99,028
- DANIEL EDWARD CASEY (CROF) has made 2 purchases buying 5,000 shares for an estimated $89,442 and 0 sales.
- RICHARD DEAN BINGHAM purchased 5,000 shares for an estimated $87,800
- KYLE OWEN MOONEY (SVP - Chief Operating Officer) sold 2,808 shares for an estimated $63,657
- JEFFREY C. SMITH purchased 500 shares for an estimated $8,845
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$MSBI Revenue
$MSBI had revenues of $85.6M in Q4 2025. This is a decrease of -8.91% from the same period in the prior year.
You can track MSBI financials on Quiver Quantitative's MSBI stock page.
$MSBI Hedge Fund Activity
We have seen 81 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:
- CITADEL ADVISORS LLC removed 137,713 shares (-71.5%) from their portfolio in Q3 2025, for an estimated $2,360,400
- AQR CAPITAL MANAGEMENT LLC added 134,582 shares (+24.9%) to their portfolio in Q3 2025, for an estimated $2,306,735
- LPL FINANCIAL LLC removed 125,066 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $2,143,631
- ACADIAN ASSET MANAGEMENT LLC added 121,066 shares (+1615.3%) to their portfolio in Q3 2025, for an estimated $2,075,071
- BLACKROCK, INC. added 79,140 shares (+2.7%) to their portfolio in Q3 2025, for an estimated $1,356,459
- GEODE CAPITAL MANAGEMENT, LLC removed 76,536 shares (-12.6%) from their portfolio in Q3 2025, for an estimated $1,311,827
- ALGERT GLOBAL LLC added 75,649 shares (+inf%) to their portfolio in Q3 2025, for an estimated $1,296,623
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 3 analysts offer price targets for $MSBI in the last 6 months, with a median target of $24.0.
Here are some recent targets:
- Jeff Rulis from DA Davidson set a target price of $24.0 on 01/26/2026
- Nathan Race from Piper Sandler set a target price of $25.5 on 01/26/2026
- Damon Delmonte from Keefe, Bruyette & Woods set a target price of $19.0 on 12/08/2025
Full Release
EFFINGHAM, Ill., Feb. 03, 2026 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (Nasdaq: MSBI) (the “Company”) announced today that Patriot Financial Partners, L.P. (“Patriot”) acquired a position in the Company’s common stock through open-market purchases. The Company has agreed to add James F. Deutsch to its Board of Directors effective February 3, 2026. Mr. Deutsch has also been appointed to the Board of Midland States Bank, the Company’s wholly-owned bank subsidiary.
Mr. Deutsch currently serves as a partner of Patriot, a private equity fund specializing in investments in the financial services industry and current shareholder of the Company. Prior to joining Patriot, Mr. Deutsch served as President, Chief Executive Officer and Founder of Team Capital Bank, a Pennsylvania-based community bank. Before Team Capital, he spent over 25 years in various management positions in commercial banking, investment banking, and corporate finance.
Jeffrey C. Smith, Chairman of the Company and Midland States Bank, said “We are pleased to welcome Jim to our board and to announce Patriot’s investment in our Company. Jim serves on Patriot’s Investment Committee and brings a wealth of experience in the banking industry, making him well suited to contribute to our Board.”
“Partnering with sophisticated investors who share our values and drive for shareholder return is a priority for our team,” said Jeffrey G. Ludwig, President and Chief Executive Officer of the Company. “We are excited to work with Patriot as we expand our franchise. Patriot is one of the most reputable investors in the industry and a strong cultural fit with our team. An investment from an institutional investor like Patriot affirms our strong belief in the Company’s direction and mission.”
“I am pleased and honored to be joining the other directors on the board of Midland. Midland’s management has done a great job of building a unique franchise, and I look forward to doing what I can to assist and execute on their future growth strategies,” said Mr. Deutsch.
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 December 31, 2025, the Company had total assets of approximately $6.51 billion, and its Wealth Management Group had assets under administration of approximately $4.48 billion. The Company provides a full range of commercial and consumer banking products and services, merchant credit card services, trust and investment management, insurance and financial planning services. For additional information, visit midlandsb.com or follow Midland States Bank on LinkedIn.
CONTACTS:
Eric T. Lemke, Chief Financial Officer, at
[email protected]
or (217) 342-7321
