Investigation in Progress — No Complaint Filed Yet
BG&G is actively investigating potential securities fraud claims against Midland States Bancorp, Inc.. If a complaint is filed, this page will be updated. Investors are encouraged to contact us now to preserve their rights.
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Midland States Bancorp, Inc. (“Midland States Bancorp” or “the Company”) (NASDAQ: MSBI). Investors who purchased Midland States Bancorp securities are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether Midland States Bancorp has violated federal securities laws.
Investigation Details
On January 23, 2025, Midland States Bancorp announced its financial results for the fourth quarter of 2024. Among other items, the Company reported a loss of $2.52 per diluted share, falling short of the Zacks Consensus Estimate of $0.70 and representing a significant year-over-year decline from earnings of $0.89 per share in the fourth quarter of 2023. On this news, Midland States Bancorp’s stock price fell $5.00 per share, or 20%, to close at $20.00 per share on January 24, 2025.
What’s Next?
If you are aware of any facts relating to this investigation or purchased Midland States Bancorp securities, you can assist this investigation. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660
MSBI — Stock Performance
About Bronstein, Gewirtz & Grossman, LLC
We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
“Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace.”