Is MNSBP or MSBIP more undervalued in 2026?

CirclFi compares MainStreet Bancshares, Inc. - D (MNSBP) and Midland States Bancorp, Inc. - (MSBIP) using 13 institutional-grade valuation models. MNSBP has a Quality of Company score of 7.4/10 while MSBIP scores 7.5/10.

Which is a better buy — MNSBP or MSBIP?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do MNSBP and MSBIP valuations compare?

MNSBP at $25.04 and MSBIP at $25.44 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

MNSBP vs MSBIP Valuation Comparison 2026 — Intrinsic Value Analysis

MNSBP

Banks - Regional

MainStreet Bancshares, Inc. - D

Quality

7.4

out of 10

Value Trap

SAFE

Price

$25.04

Last close

Models

10/13

Active

MSBIP

Banks - Regional

Midland States Bancorp, Inc. -

Quality

7.5

out of 10

Value Trap

SAFE

Price

$25.44

Last close

Models

11/13

Active

Model-by-Model Comparison

Model	Type	MNSBP Fair Value	MNSBP Upside	MSBIP Fair Value	MSBIP Upside
Bayesian DCF	Intrinsic	$9.43	-62.3%	$23.78	-6.5%
Earnings Power Value	Intrinsic	$26.11	+4.3%	$89.73	+252.7%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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MNSBP vs MSBIP — Which Stock Is More Undervalued?

MSBIP scores higher with a 7.5/10 quality rating vs MNSBP's 7.4/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing MainStreet Bancshares, Inc. - D (MNSBP) and Midland States Bancorp, Inc. - (MSBIP) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

MNSBP currently trades at $25.04 with a QOC of 7.4/10, while MSBIP trades at $25.44 with a QOC of 7.5/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).