Jeffrey Mcdonnell Purchases MSBI Shares in Recent Insider Activity
Jeffrey Mcdonnell acquired 1,445 shares of MSBI, highlighting insider interest.
Key Points
- Jeffrey Mcdonnell purchased 1,445 shares of MSBI on June 30, valued at approximately $44,997 at an average price of $31.14 per share.
- Shares of MSBI traded near $31.14 on Wednesday, with the company seeing various insider activities on the same date.
- Piper Sandler maintained a 'hold' rating on MSBI with a price target of $32 as of June 26.
Important disclosure: Podchat is not a registered investment adviser, broker-dealer, or financial planner. This article is for informational and educational purposes only and is not a recommendation to buy, sell, or hold any security. Content may be generated by automated systems using public filings, market data, and third-party sources, and may contain errors or omissions. Investing involves risk, including possible loss of principal. Past performance, insider activity, analyst ratings, price targets, sentiment scores, and hypothetical or backtested results are not guarantees of future performance. Please do your own research and consult a qualified professional before making investment decisions.
Jeffrey Mcdonnell recently bought 1,445 shares of MSBI, valued at about $44,997, on June 30. This insider purchase was made at an average price of $31.14 per share, indicating a personal investment in the company's future.
Other Institutional Activity in MSBI
BlackRock, Inc. trimmed its holdings in MSBI by 84,312 shares, leaving it with 2,855,654 shares valued at approximately $63.7 million, marking a 2.9% decrease. Vanguard Capital Management LLC opened a new position with 901,392 shares worth about $20.1 million. Dimensional Fund Advisors LP reduced its stake by 160,022 shares, ending with 890,800 shares valued at $19.9 million, reflecting a 15.2% decrease. Meanwhile, State Street Corp increased its holdings by 83,060 shares to 765,922 shares, valued at around $17.1 million, representing a 12.2% increase.
Midland States Bancorp, Inc. Stock Down 5.6%
On Wednesday, MSBI shares traded near $31.14. The company's stock has seen a variety of insider transactions recently. MSBI's market cap and other financial metrics were not specified, but the stock's performance and insider activities are closely monitored by investors.
$MSBI stock price
Daily closing prices, year to date. Not investment advice.
Insider Buying and Selling at Midland States Bancorp, Inc.
On June 30, several insiders besides Jeffrey Mcdonnell bought shares of MSBI. Gerald Joseph Carlson acquired 2,064 shares at an average price of $30.84. Jennifer Dimotta, Richard Ramos, Jeffrey Smith, and Richard Dean Bingham each purchased 1,445 shares at a price of $31.14. These transactions were not part of any pre-planned trading program.
Analysts Set New Price Targets
On June 26, Piper Sandler maintained its 'hold' rating on MSBI, setting a price target of $32. Previously, DA Davidson had maintained a 'hold' rating with a target of $26 on April 27. The analysts' consensus suggests a cautious outlook, with several firms maintaining their 'hold' ratings.
Bottom Line
Jeffrey Mcdonnell's recent purchase of MSBI shares highlights ongoing insider interest in the company. While the stock traded near $31.14, insider activity suggests confidence among those familiar with MSBI's operations. Investors often watch these moves to gauge insider sentiment, although it's important to remember that these filings reflect past transactions and may not indicate current positions.
Get Midland States Bancorp, Inc. alerts
New 13F filings, insider trades, and analyst moves on $MSBI, sent to your inbox. Free, and you can unsubscribe anytime.
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.