Midland States Bancorp (MSBI) Insider Franklin Buys $61K of Stock

Travis Franklin recently purchased 1,990 shares of MSBI, spending a total of $61,422.35 on June 30, 2026. The shares were bought at an average price of $30.87, according to the latest insider transaction reports. This move wasn't part of any pre-planned trading strategy, as indicated by the transaction code 'A'.

Other Institutional Activity in MSBI

Several institutional investors have also been active in MSBI. BlackRock, Inc. reduced its holdings by 84,312 shares, bringing its total to about 2,855,654 shares valued at $63.7 million, a 2.9% decrease. Vanguard Capital Management LLC opened a new position with 901,392 shares worth approximately $20.1 million. Dimensional Fund Advisors LP cut its stake by 160,022 shares, now holding 890,800 shares valued at $19.9 million, marking a 15.2% decrease. Meanwhile, State Street Corp added 83,060 shares, increasing its holdings by 12.2% to 765,922 shares, valued at $17.1 million.

Midland States Bancorp, Inc. Stock Down 7.2%

On Wednesday, MSBI shares traded around $31.14. The company has seen various institutional adjustments recently, reflecting its market dynamics. The stock's recent activity includes a 52-week low and high of $28.87 and $31.14, respectively.

Insider Buying and Selling at Midland States Bancorp, Inc.

Several insiders joined Travis Franklin in buying MSBI shares on June 30, 2026. Gerald Joseph Carlson bought 2,064 shares at $30.84 each. Jennifer Dimotta, Richard Ramos, Jeffrey Smith, and Richard Dean Bingham each purchased 1,445 shares at $31.14 per share. Robert Schultz acquired 2,865 shares at a price of $28.87. These transactions were not part of any pre-arranged plans.

Analysts Set New Price Targets

On June 26, 2026, Piper Sandler maintained its hold rating on MSBI, setting a price target of $32. DA Davidson also maintained a hold rating with a target of $26 back in April. The consensus among analysts is to hold, with the average price target around $25.5.

Bottom Line

Travis Franklin's recent purchase of MSBI shares adds to a series of insider transactions, reflecting continued interest in the company. Institutional investors have been making adjustments, indicating diverse strategies. Analysts maintain a cautious outlook with hold ratings, suggesting a steady, though not overly optimistic, perspective on MSBI's future performance.