Midland States Bancorp (MSBI) Insider Dean Buys $10K of Stock

Richard Dean Bingham Adds to Midland States Bancorp Stake

On June 30, 2026, Richard Dean Bingham added to his position in Midland States Bancorp, Inc. (NasdaqGS: MSBI) by purchasing 393 shares. The transaction took place at a price of $26.55 per share, resulting in a total value of about $10,434.15. This buy adds to a broader pattern of insider transactions at the regional bank during the same period.

A Wave of Insider Activity on June 30

The purchase by Richard Dean Bingham was part of a larger group of transactions executed on June 30, 2026. Travis Franklin acquired 1,990 shares at an average price of $30.87, totaling roughly $61,422.35. At the same time, Jeffrey McDonnell and Jerry McDaniel each picked up 1,445 shares at $31.14 per share, with each transaction valued at around $44,997.30. Additional buying came from Jeffrey Smith, who bought 486 shares for about $13,908.49, Richard Ramos, who added 619 shares worth $16,434.45, and Robert Schultz, who purchased 2,865 shares for approximately $82,725.73.

Stock Valuation and Price Performance

Midland States Bancorp shares trade around $31.14. The bank carries a market capitalization of roughly $696.2 million and has a forward P/E ratio of 9.91 based on upcoming earnings estimates. Over the past year, the stock has moved between a low of $14.24 and a peak of $35.10. Its 50-day moving average sits at $32.89, while the 200-day moving average is $26.54.

Wall Street Analyst Views and Targets

Analyst firms have kept a steady eye on the regional lender through mid-2026. On June 26, 2026, Piper Sandler maintained a neutral rating and adjusted its price target to $32.0. Later in July, Keefe, Bruyette & Woods maintained a market perform rating on July 27, 2026, with a $31.0 target, while DA Davidson held a neutral stance with a $33.0 target on the same day. Piper Sandler returned on July 28, 2026, to maintain its neutral rating while lifting its target to $35.0. Overall, the company draws coverage from four analysts with a mean price target of $33.25.

Inside Midland States Bancorp

Midland States Bancorp, Inc. acts as the financial holding company for Midland States Bank, serving clients across Illinois and surrounding areas. The institution provides commercial and residential loans, equipment leasing, depository accounts, and wealth management services. These services help individuals, local businesses, and municipalities manage their everyday banking needs and long-term financial plans.

Looking Ahead for MSBI

Investors monitoring Midland States Bancorp will look toward the next scheduled earnings report on October 29, 2026, for updated financial results. Insider transactions provide a look at how leadership interacts with the stock, though they do not guarantee future price movements. Additional regulatory filings will reveal further updates on institutional and insider ownership as the year progresses.