MSBI Midland States Bancorp, Inc. Insider Trading

Director Franklin Travis purchases 9,400 shares of Midland States Bancorp at market price, signaling confidence amid stock strength.

Franklin Travis, a director of Midland States Bancorp, bought a substantial block of shares through an open-market transaction, committing meaningful capital to his stake in the company. The purchase comes at a critical juncture: the stock is trading at its highest levels in the past year after rallying sharply, yet the company remains unprofitable on an annual basis despite posting a positive quarter most recently. This is an atypical insider buy signal—Travis is stepping up his commitment while the stock trades well above where it spent most of the year, and amid a company that shows financial turbulence (full-year loss offset partially by recent quarterly recovery). The timing raises questions worth exploring: Is he betting on sustained turnaround momentum, or does his director-level visibility suggest management confidence that recent quarterly improvement will persist?

Director Richard Dean Bingham buys 5,000 MSBI shares at $17.56; 3 other insiders bought within 14 days; stock now $20.01, up 23.8% in 30 days

Director Bingham purchased 5,000 shares at $17.56, increasing his holdings from 22,700 to 27,700 shares (+22.0%). This transaction occurs as part of a cluster pattern: 3 other insiders also bought within the past 14 days. Notably, Bingham's own prior trade at MSBI in May 2023 (buy on 2023-05-02) posted a 90-day return of +22.4%, marking the timing as well-timed. The stock has since appreciated 23.8% in the 30 days following this purchase, currently trading at $20.01 compared to the transaction price of $17.56. The synchronized buying activity across multiple insiders suggests coordinated confidence in the company's near-term prospects.

Director Jeffrey C. Smith buys 500 MSBI shares at $17.69; stock now $20.01. Cluster of 3 other insiders bought within 14 days.

Smith Jeffrey C. purchased 500 shares of Midland States Bancorp at $17.69 on 2025-12-03, increasing his holdings to 34,109 shares. The transaction occurs within a cluster: 3 other insiders also bought MSBI within the past 14 days, suggesting coordinated confidence or a scheduled routine. Smith's cross-ticker track record shows poor timing outcomes (0.00% win rate over 90 days with an average 90-day return of -12.7%), and his single prior trade at MSBI in January 2025 similarly produced a negative 90-day return of -12.7%. The current price of $20.01 is 26.1% below the 52-week high and up 23.8% over 30 days, placing the transaction in a recovery phase rather than at depressed valuations.

EVP/Chief Credit Officer Jameson Jeremy Andrew buys 5,598 shares of MSBI at $17.69; cluster of 3 other insiders also bought in 14 days.

Jameson Jeremy Andrew, EVP and Chief Credit Officer, purchased 5,598 shares at $17.69 on 2025-12-03, expanding his holdings by 9.7% to 63,412 shares total. This purchase occurs as part of a cluster pattern: 3 other insiders also bought within the past 14 days. The stock currently trades at $20.01, representing a 30-day gain of 23.8% and positioning the transaction 26.1% below the 52-week high of $27.07. The company's P/E of 15.16 with net income of $7,557,000.00 provides a fundamental backdrop for evaluating the transaction's context.

Casey Daniel Edward purchased 5,000 shares at blended avg $17.89 at MSBI; part of cluster buy by 3 other insiders in past 14 days.

Casey Daniel Edward executed 2 separate purchases totaling 5,000 shares for $89,442.80 at an average price of $17.89, increasing his holdings by 21.5% from 23,254 to 28,254 shares. This transaction is part of a cluster pattern in which 3 other insiders also bought within the past 14 days, suggesting aligned decision-making among the leadership team. The current stock price of $20.01 represents a 30-day gain of 23.8%, though it remains 26.1% below the 52-week high of $27.07, indicating the purchases occurred near recent lows. With a P/E of 15.16 and market cap of $431.2M, the company trades at a moderate valuation relative to its net income of $7.6M.

Director Carlson Gerald Joseph bought 2,000 shares of MSBI at $19.97 on 2025-02-07; stock -29.5% from 52-week high.

Director Carlson Gerald Joseph purchased 2,000 shares at $19.97, doubling his position from 2,000 to 4,000 shares. The transaction occurs amid significant downward price pressure: MSBI is trading -29.5% from its 52-week high and has declined -25.5% over the past 90 days. His cross-ticker track record shows 0 wins across 2 prior buys with an average 90-day return of -9.4%. At the same ticker (MSBI), his prior buy on 2024-03-12 resulted in a -9.4% 90-day return. Notably, a cluster of 2 other insiders also bought within the past 14 days, suggesting coordinated activity despite the sustained downward trend. The fundamentals show a low P/E of 7.95 with a net income of $18,476,000.00, though current price action indicates investor skepticism about near-term recovery.

Director Carlson Gerald Joseph buys 1,000 MSBI shares at $20.00; stock down 29.2% from 52-week high

On 2025-01-30, Director Carlson Gerald Joseph purchased 1,000 shares of Midland States Bancorp at $20.00, doubling his stake from 1,000 to 2,000 shares. The purchase occurs in a weak backdrop: MSBI stock trades 29.2% below its 52-week high of $27.96, down 18.8% over 30 days and 20.0% over 90 days, with a P/E of 7.99 and market cap of $423.0M. However, his cross-ticker track record shows 1 prior buy with a 90-day win rate of 0.00% and average 90-day return of -9.4%, and his prior MSBI purchase in March 2024 also posted negative 90-day returns. A cluster pattern emerges with 2 other insiders also buying within the past 14 days, which may indicate coordinated activity or simultaneous perception of value at depressed levels.

Chief Accounting Officer Spring purchases 800 MSBI shares at $23.75, doubling holdings to 1,600 amid -31.0% 52-week decline

Spring Donald J., as Chief Accounting Officer, purchased 800 shares at $23.75 on 2025-01-28, increasing his holdings from 800 to 1,600 shares (+100.0%). The purchase occurs in a context of significant recent price deterioration: the stock is -31.0% from its 52-week high of $27.96 and has declined -21.0% over the past 30 days and -23.0% over 90 days. The stock trades at a P/E of 7.77 on $18.5M net income and $412.6M market cap. The doubling of his personal position at a depressed valuation level represents a material increase in insider equity exposure at this particular company.

Director Smith buys 650 MSBI shares at $18.96 amid -31.0% decline from 52-week high.

Jeffrey C. Smith, a director at Midland States Bancorp, purchased 650 shares at $18.96 on 2025-01-28, a relatively modest transaction increasing his holdings to 33,609 shares. The timing occurs against a backdrop of significant recent weakness: the stock trades at $19.28 currently, down 31.0% from its 52-week high of $27.96 and down 21.0% over the past 30 days. Smith's cross-ticker track record shows limited relevant precedent—one prior buy with a 90-day return of +1.6%—and his single prior trade at MSBI (June 2022) also resulted in a +1.6% 90-day return. The company's fundamentals present a mixed picture: a low P/E of 7.77 against net income of $18.5M and market cap of $412.6M. This purchase adds incremental visibility to insider activity during a period of material price pressure, though the modest share count and lack of a clear coordinated pattern limits the signal strength.

Director McDonnell Jeffrey M buys 2,290 MSBI shares at $21.80; stock down 24.1% from 52-week high.

Director McDonnell purchased 2,290 shares at $21.80, increasing his holdings to 24,245 shares, a 10.4% net increase. The transaction occurs as MSBI stock trades at $21.47, down 24.1% from the 52-week high of $28.29 and down 9.6% over the prior 30 days. The company's P/E of 6.82 against a net income of $13,885,000 and market cap of $461,213,430.14 suggests a modestly valued business, though recent price momentum has been negative. This buy occurs amid material weakness in the stock's recent trading and represents a meaningful addition to an existing substantial position.