Midland States Nears 52-Week High; Small-Bank Trade Faces Its Next Test
Midland States Bancorp ended Thursday at $27.58, edging up as the Illinois bank stayed near its 52-week high. Investors have stuck with smaller banks following its first-quarter update and new capital-return guidance. The stock moved from $26.92 to $27.65 for the session, with volume at 143,718 shares, company market data showed. MSBI has regained ground after a tough credit patch, putting its market value back in focus. Thursday’s close rose 3.8% from Tuesday’s $26.56 finish. Shares are now about 3.3% under the 52-week high of $28.53, according to LSEG-linked company and market data.