Midland States Bancorp (MSBI) Insider Mcdaniel Buys $45K of Stock

Jerry McDaniel Buys MSBI Shares

Jerry McDaniel added to his stake in Midland States Bancorp, Inc. (NasdaqGS: MSBI) by purchasing 1,445 shares on June 30, 2026. The transaction was executed at a price of $31.14 per share, bringing the total value of the purchase to roughly $44,997. This buy took place during a notable wave of insider transactions at the regional bank on the exact same date.

A Busy Day for Midland States Bancorp Insider Trades

Several other individuals joined McDaniel in purchasing company stock on June 30, 2026. Travis Franklin picked up 1,990 shares at an average price of roughly $30.87, totaling about $61,422. Robert Schultz made the largest single purchase of the day, acquiring 2,865 shares at an average price of $28.87 for a total of approximately $82,726. Smaller purchases included Richard Dean Bingham buying 393 shares for about $10,434, Jeffrey Smith buying 486 shares for around $13,908, and Richard Ramos picking up 619 shares for roughly $16,434.

Midland States Bancorp Stock Performance

Shares of Midland States Bancorp traded near $31.14 around the time of these June purchases. The regional bank holds a market capitalization close to $696.2 million and trades with a trailing price-to-earnings ratio of 21.37. The stock has experienced a wide trading range over the past year, dropping as low as $14.24 and climbing as high as $35.10. Its 50-day moving average sits close to $32.89, while the longer-term 200-day moving average stands near $26.54.

Recent Earnings and Dividend Profile

The financial holding company reported total revenue of $286.1 million alongside an annual net margin of about 15.0%. Investors receive an annual dividend of $1.32 per share, which translates to a dividend yield of roughly 3.93% based on recent pricing. The bank's next earnings report is expected around October 29, 2026, giving the market another look at its financial progress.

Wall Street Analyst Views

Analyst firms have kept a steady eye on Midland States Bancorp through the summer months. On June 26, 2026, Piper Sandler maintained a neutral stance with a price target of $32.00. DA Davidson followed on July 27, 2026, keeping a neutral rating and setting a $33.00 target. Keefe, Bruyette & Woods also maintained a market perform rating on July 27, 2026, with a target of $31.00. Shortly after, on July 28, 2026, Piper Sandler updated its view by maintaining a neutral rating while raising its price target to $35.00.

Inside Midland States Bancorp

Midland States Bancorp operates as the financial holding company for Midland States Bank, delivering commercial and consumer banking services, real estate loans, equipment leasing, and wealth management solutions across its footprint. Headquartered in Effingham, Illinois, the institution has served personal and business clients for over a century.

What to Watch at MSBI

Investors tracking Midland States Bancorp will likely monitor subsequent SEC filings to see if executives and other insiders continue expanding their positions. The next major fundamental checkpoint arrives when the company releases its quarterly earnings results on October 29, 2026.