Jerry McDaniel Buys Shares of MSBI
Jerry McDaniel purchased 1,445 shares of MSBI on June 30, 2026, in a move reflecting insider confidence.
Key Points
- Jerry McDaniel purchased 1,445 shares of MSBI valued at $44,997.30 on June 30, 2026.
- MSBI shares traded near $31.14 on Wednesday, with a 52-week range between $18.00 and $32.00.
- Analysts from Piper Sandler and DA Davidson maintained 'hold' ratings with price targets of $32 and $26 respectively.
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Jerry McDaniel recently bought 1,445 shares of MSBI, valued at $44,997.30, on June 30, 2026. This purchase wasn't part of a pre-planned trading program, indicating a direct decision to increase his investment in the company.
Insider Buying and Selling at Midland States Bancorp, Inc.
On the same day, other insiders also acquired shares of MSBI. Gerald Joseph Carlson bought 2,064 shares at $30.84 each, while Jennifer Dimotta, Richard Ramos, Jeffrey Smith, and Richard Dean Bingham each purchased 1,445 shares at $31.14 per share. These transactions suggest a concerted interest among insiders to increase their stakes in the company.
Other Institutional Activity in MSBI
Institutional activity around MSBI has been varied. BlackRock, Inc. reduced its holdings by 84,312 shares, now owning 2,855,654 shares valued at approximately $63.7 million, marking a 2.9% decrease. Vanguard Capital Management LLC initiated a new position with 901,392 shares, valued at about $20.1 million. Dimensional Fund Advisors LP cut its stake by 160,022 shares, leaving it with 890,800 shares worth roughly $19.9 million, a 15.2% decrease. Meanwhile, State Street Corp added 83,060 shares, now holding 765,922 shares valued at $17.1 million, reflecting a 12.2% increase.
Midland States Bancorp, Inc. Stock Down 5.6%
Shares of MSBI traded near $31.14 on Wednesday. The stock has seen a 52-week low of $18.00 and a high of $32.00. It has a 50-day moving average of $29.50 and a 200-day moving average of $27.00. These figures suggest the stock is currently trading near its upper range, which may influence investor sentiment.
$MSBI stock price
Daily closing prices, year to date. Not investment advice.
Analysts Set New Price Targets
On June 26, 2026, Piper Sandler maintained a 'hold' rating on MSBI with a price target of $32. Previously, on April 27, 2026, DA Davidson also maintained a 'hold' rating with a target of $26. These consistent ratings suggest that analysts are cautious but see potential for stability in the stock's performance.
Bottom Line
The recent insider purchases, including Jerry McDaniel's, highlight a notable increase in insider confidence in MSBI. While institutional activities show a mix of new positions and reductions, the overall interest remains significant. Analysts’ consistent 'hold' ratings indicate a cautious outlook, with price targets suggesting varied expectations for future performance. Investors often watch insider and institutional movements for insights, though these are backward-looking indicators.
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