Midland States Bancorp (MSBI) Shares Soar 0.96% to March 2025 High

Midland States Bancorp, Inc. (MSBI) shares surged 0.96% today, reaching their highest level since March 2025 with an intraday gain of 1.44%.

The strategy of buying MSBI shares after they reach a recent high and selling them one week later yielded a 5.54% return over the past five years. However, this was significantly underperformed the benchmark, which delivered a 56.99% return. The strategy also had a high maximum drawdown of -38.61% and a Sharpe ratio of 0.07, indicating considerable risk and volatility.

The recent bearish trend indicated by technical analysis patterns has been a significant factor influencing the stock price of Midland States Bancorp, Inc. (MSBI). On July 10, 2025, the 15-minute chart displayed a MACD Death Cross and a Bearish Marubozu pattern, suggesting that the stock price may continue to fall with sellers dominating the market and bearish momentum likely to persist.

Despite the bearish technical indicators, the stock has shown resilience, reaching its highest level since March 2025. This resilience could be attributed to underlying fundamentals or other market dynamics that are not captured by short-term technical analysis.

Analysts' sentiment towards MSBI remains cautious, with the current average analyst rating being "hold." The median 12-month price target for MSBI is $18.00, which is about 3.9% below its last closing price. This suggests that while there may be some downside risk, the stock is not expected to experience a significant decline in the near future.