Travis Franklin, Director at Midland States Bancorp, Inc. (MSBI), bought 9,400 shares at $26.49 ($249K) on 2026-05-05, disclosed to the SEC on 2026-05-06.
Director Travis Franklin purchased 9,400 shares at $26.49, marking the largest insider purchase in the company's history. This significant buy comes as the stock rallies 19.74% over the last 30 days and approaches its 52-week high.
MSBI is up 19.74% over the past 30 days and is currently trading just 1.08% below its 52-week high of $28.145.
Watch for the ex-dividend date on May 11, 2026, and the Zacks upgrade to a Strong Buy on April 29, 2026, alongside the largest insider purchase in the company's history.
The company faces operational risks following the firing of its CFO in March 2026, which was attributed to struggles with accounting-related issues and losses in 2025.
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