- Company-specific factors will likely help maintain loan growth momentum through 2022.
- The topline is highly sensitive to interest rate changes due to the existing loan and deposit mixes. Further, there is an opportunity to improve the asset mix.
- After a year of subdued net provision expense, the provisioning will likely return to a normal level this year.
- The December 2022 target price suggests a decent upside from the current market price. Further, MSBI is offering a modest dividend yield.
For further details see:
Midland States Bancorp: Rosy Outlook For Rate-Sensitive Topline