4/A: MSBI Director Buys 5,000 Shares, Boosting Stake

Midland States Bancorp Director Richard Dean Bingham increased his direct beneficial ownership by purchasing 5,000 shares of common stock at $17.56 per share.

Summary

• Richard Dean Bingham, a Director of Midland States Bancorp, Inc. (MSBI), acquired 5,000 shares of the company's common stock.
• The transaction occurred on December 3, 2025, at a price of $17.56 per share.
• Following this purchase, Bingham directly beneficially owns a total of 27,700 shares of MSBI common stock.
• This filing is an amendment (Form 4/A) to an original Form 4 filing dated December 4, 2025.
• A Power of Attorney, executed on August 5, 2025, authorizes Nathan D. Sturycz, Stephanie Gurgel, Summer Moorman, and their designees to prepare and submit Section 16 filings on behalf of Dean Bingham.

Sentiment

Score: 7

Explanation: The purchase of company stock by a director generally indicates confidence in the company's future, which is a positive signal for investors. However, this is a single transaction and not indicative of broader company performance or strategic shifts.

Positives

• A director's purchase of company stock (insider buying) can signal confidence in the company's future prospects and valuation.
• The director increased his direct beneficial ownership by 5,000 shares, demonstrating a greater personal stake in the company's performance.

Future Outlook

This filing does not contain forward-looking statements or guidance regarding the company's future performance, as it is solely a report on an insider transaction.

Industry Context

Insider buying, particularly by a director, can be viewed positively within the banking and financial services industry as it suggests management's belief in the company's valuation and future prospects, potentially indicating stability or growth opportunities in the sector.

Comparison to Industry Standards

• This filing reports an insider transaction, which is a standard disclosure requirement across all industries.
• The transaction itself (a director purchasing shares) is a common occurrence and is generally interpreted as a sign of confidence in the company's future.
• Without specific financial performance data, a direct comparison to industry-specific benchmarks or comparable companies' results is not applicable here.
• However, similar insider purchases by directors in regional banks like Wintrust Financial Corporation (WTFC) or Old National Bancorp (ONB) are often seen as positive signals, especially if the purchase price is perceived as attractive relative to the company's book value or earnings potential.

Related Party Transactions

• Richard Dean Bingham, a director of Midland States Bancorp, Inc., purchased 5,000 shares of the company's common stock from the open market.

Stakeholder Impact

• Shareholders: May view the director's purchase as a positive signal of confidence in the company's future value, potentially influencing investment decisions.

Key Dates

Recommendation

The director's purchase of 5,000 shares signals confidence in Midland States Bancorp, Inc. at the current price of $17.56. While insider buying is generally a positive indicator, this single transaction alone does not provide sufficient information to change a fundamental investment thesis. It reinforces a 'hold' position for existing investors and suggests further due diligence for potential new investors, rather than a definitive 'buy' or 'sell' recommendation.

Keywords

Midland States Bancorp, MSBI, Insider Trading, Director Purchase, Stock Acquisition, Beneficial Ownership, Form 4, Financial Services, Banking