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Midland States Bancorp stock jumps 93.6% with improved fundamentals and upgraded rating to 'Buy'.

Analyst Insights
09 Nov 2026, 18:40 WIB
Seeking Alpha
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Bullish
Midland States Bancorp stock jumps 93.6% with improved fundamentals and upgraded rating to 'Buy'.

Midland States Bancorp has seen a significant turnaround, with its stock rising 93.6% since last August. Key improvements include growing deposits, an expanded net interest margin of 3.97%, and stronger asset quality despite some elevated non-performing metrics. The stock now trades at an attractive forward P/E of 9.4x, below peers, and the bank's return on assets and equity exceed minimum benchmarks. Due to these operational and profitability gains, the rating has been upgraded from 'Sell' to a soft 'Buy'.

Midland States Bancorp shows strong recent gains, with its stock rising 93.6% since last August. For readers following Financials, here is Pluang's market snapshot as of Nov 09, 2026 22:42 WIB: out of 142 US Financials stocks, 120 rose and 22 fell. Notable movers include HUT at USD 55.90 (+6.17%), BEN at USD 35.75 (+5.99%), and RIOT at USD 17.60 (+5.33%).

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