Midland States Bancorp (MSBI) Insider Schultz Buys $83K of Stock

Insider Buying and Selling at Midland States Bancorp, Inc.

On June 30, 2026, Robert Schultz bought 2,865 shares of Midland States Bancorp (MSBI) on the NasdaqGS. This purchase was valued at approximately $82,726, with an average price of $28.87 per share. This transaction comes amid a notable surge in insider buying at the company, indicating strong confidence among its leadership.

Recent Insider Activity

Schultz's purchase aligns with other insider trades on the same day. Travis Franklin bought 1,990 shares valued at about $61,422. Jeffrey McDonnell and Jerry McDaniel each acquired 1,445 shares, valued at $44,997.30, while Bingham Richard Dean purchased 393 shares for $10,434.15. Jeffrey Smith also increased his stake with 486 shares at approximately $13,908.49, and Richard Ramos bought 619 shares worth about $16,434.45. The collective buying activity among these insiders suggests a strong belief in the company's future.

How MSBI Stock Has Traded

As of June 30, 2026, MSBI's shares are trading at $31.14, which is close to its 52-week high of $35.10. The stock has shown resilience, especially considering its low of $14.24 over the past year. The recent insider buying may indicate that these executives believe the stock is undervalued at its current price.

Analysts Set New Price Targets

Analysts have maintained their ratings for Midland States Bancorp. On July 28, 2026, Piper Sandler kept a 'Neutral' rating with a price target of $35.00, while Keefe, Bruyette & Woods also maintained a 'Market Perform' rating with a target of $31.00. DA Davidson reiterated a 'Neutral' rating with a target of $33.00. The consensus shows a moderate outlook for the stock, with a mean target price of $33.25 from four analyst opinions.

What MSBI Does

Midland States Bancorp operates as a financial holding company, providing a range of banking products and services to individuals and businesses. It focuses on commercial and residential loans, equipment leasing, and wealth management. The recent insider purchases may reflect a shared confidence in the company's operational strategy and future growth prospects.

What's Ahead for MSBI

Midland States Bancorp is set to report its next earnings on October 29, 2026. The recent wave of insider buying may provide insights into the company's direction, although the 13F filings will only reflect these positions as of the reporting date. Investors should keep an eye on upcoming filings and any further insider transactions.