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.