MSBI (Midland States Bancorp) Moat Score: 3/10 (As of Jun. 29, 2026)


MSBI Midland States Bancorp Inc MSBI
58 GF Score
Price $30.66
GF Value $19.02
Valuation Significantly Overvalued
! 7 Warning Signs
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What is Midland States Bancorp Moat Score?

Midland States Bancorp MSBI -1.83% 58 Moat Score is 3 as of Jun. 29, 2026. GuruFocus rates MSBI with a GF Score™ of 58/100 and a GF Value™ of $19.02 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 1,614 Banks companies, Midland States Bancorp ranks better than 74.54% on this metric.

Midland States Bancorp has the Moat Score of 3, which implies that the company might have No Moat - Very weak/transient advantages.

Midland States Bancorp has No Moat: Midland States Bancorp Inc operates in a competitive regional banking market with limited differentiation. It lacks significant customer switching costs, intellectual property, or brand strength. The company does not possess durable cost advantages or regulatory barriers to entry.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Midland States Bancorp might have No Moat - Very weak/transient advantages.

Midland States Bancorp  (NAS:MSBI) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Midland States Bancorp Moat Score Related Terms

MSBI vs AMBZ, NPB, BHB: Moat Score Comparison

For the Banks - Regional subindustry, Midland States Bancorp's Moat Score, along with its competitors' market caps and Moat Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Midland States Bancorp Moat Score vs Banks Industry

For the Banks industry and Financial Services sector, Midland States Bancorp's Moat Score distribution charts can be found below:

* The bar in red indicates where Midland States Bancorp's Moat Score falls into.


MSBI
58GF Score
Midland States Bancorp Inc MSBI
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 3 mean?
Midland States Bancorp (MSBI) has a Moat Score of 3 as of Jun. 29, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, Midland States Bancorp ranks #411 out of 1614 companies in the Banks industry, placing it in the top 25.5%.
Is Midland States Bancorp's Moat Score too high?
Midland States Bancorp's current Moat Score is 3. Based on the distribution chart, Midland States Bancorp ranks #411 out of 1614 companies in the Banks industry, which is above the industry midpoint. Overall, Midland States Bancorp has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Midland States Bancorp's Moat Score compare to AMBZ and NPB?
According to the Banks industry distribution chart, Midland States Bancorp ranks #411 out of 1614 companies for Moat Score. This puts Midland States Bancorp in the upper half of its industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for a Banks company?
A good Moat Score depends on the Banks industry context. However, Moat Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. Midland States Bancorp's current Moat Score is 3. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Midland States Bancorp stock overvalued right now?
Based on GuruFocus' analysis, Midland States Bancorp (MSBI) is currently considered Significantly Overvalued. The stock's GF Value™ is $19.02, compared to a current price of $30.66 — trading 61.2% above its estimated fair value. The current Moat Score is 3. Midland States Bancorp's overall GF Score™ is 58/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Moat Score calculated?
Moat Score is calculated from a company's financial statements. For Midland States Bancorp (MSBI), the current Moat Score is 3 as of Jun. 29, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Midland States Bancorp (MSBI) Overvalued in 2026?

Based on GuruFocus' analysis, Midland States Bancorp stock appears to be overvalued. The current stock price of $30.66 is trading 61.2% above its estimated GF Value™ of $19.02. GuruFocus considers Midland States Bancorp to be Significantly Overvalued.

Key valuation signals for MSBI:

  • Moat Score: 3
  • GF Value™: $19.02 vs. price of $30.66 (61.2% above fair value)
  • GF Score™: 58/100 with 7 warning signs

No single metric tells the full story. See the MSBI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Midland States Bancorp Business Description

Address 1201 Network Centre Drive, Effingham, IL, USA, 62401
Midland States Bancorp Inc is a diversified financial holding company. The company provides a full range of commercial and consumer banking products and services, business equipment financing, merchant credit card services, trust and investment management, and insurance and financial planning services. The Banking segment, which generates the majority of the revenue, provides financial products and services to consumers and businesses, including commercial, commercial real estate, mortgage, and other consumer loan products; commercial equipment financing, etc. The Wealth Management segment consists of trust and fiduciary services, brokerage, and retirement planning services. The Corporate segment includes the holding company's financing and investment activities, administrative expenses.
58GF Score

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Moat Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$30.66
Price
$19.02
GF Value