Jeffrey Smith Acquires MSBI Shares
Jeffrey Smith purchased 486 shares of MSBI, valued at $13,908.
Key Points
- On June 30, 2026, Jeffrey Smith bought 486 shares of MSBI at an average price of $28.62, totaling $13,908.
- MSBI shares traded near $31.14 on Wednesday, showing interest from insiders and institutional investors.
- Analysts from Piper Sandler and DA Davidson maintain a 'hold' rating with price targets ranging from $24 to $32.
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Jeffrey Smith, an insider associated with MSBI, recently bought 486 shares of the company on June 30, 2026. The shares were purchased at an average price of $28.62 each, bringing the total transaction value to $13,908. This transaction was not part of a pre-planned trading program.
Other Institutional Activity in MSBI
BlackRock, Inc. reduced its holdings in MSBI by 84,312 shares, leaving it with 2,855,654 shares valued at approximately $63.7 million. Vanguard Capital Management LLC opened a new position in MSBI, acquiring 901,392 shares worth about $20.1 million. Dimensional Fund Advisors LP cut its stake by 160,022 shares, now holding 890,800 shares valued at $19.9 million. Meanwhile, State Street Corp increased its holdings by 83,060 shares, bringing its total to 765,922 shares worth $17.1 million. Busey Bank maintained its position with 759,286 shares valued at $16.9 million.
Midland States Bancorp, Inc. Stock Down 5.6%
On Wednesday, MSBI shares traded around $31.14. The stock has seen interest from both insiders and institutional investors. Although specific financial metrics like market cap and P/E ratio are not provided, the stock's activity reflects ongoing interest from key financial players.
$MSBI stock price
Daily closing prices, year to date. Not investment advice.
Insider Buying and Selling at Midland States Bancorp, Inc.
Several insiders made purchases on June 30, 2026. Gerald Joseph Carlson acquired 2,064 shares at $30.84 each. Jennifer Dimotta, Richard Ramos, Jeffrey Smith, and Richard Dean Bingham each bought 1,445 shares at $31.14 per share. Robert Schultz purchased 2,865 shares at $28.87 per share. None of these transactions were planned under Rule 10b5-1.
Analysts Set New Price Targets
On June 26, 2026, Piper Sandler maintained a 'hold' rating on MSBI with a price target of $32. Previously, DA Davidson had also maintained a 'hold' rating with a target of $26 on April 27, 2026. The consensus among analysts remains cautious with a 'hold' recommendation, reflecting varied price targets.
Bottom Line
Jeffrey Smith's recent purchase of MSBI shares adds to the insider activity around the stock. Institutional investors have also been active, with some increasing and others decreasing their stakes. Analysts maintain a cautious outlook with 'hold' ratings, indicating a wait-and-see approach. As always, remember that insider transactions are disclosed after the fact and may not reflect current positions.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.