MSBI Midland States Bancorp (MSBI) Insider Trading, Ownership & Congress Trades
Banks · State commercial banks · CIK 0001466026
SEC filings
House members buying, 1 year
0
STOCK Act, US House only, disclosed up to 45 days after the trade
Funds added, last quarter
76
13F, latest reported quarter
Conversions, 180 days
3
Codes C/M, not in net · $342.2K priced
What the filings say about MSBI
Insiders, 180 days
-$172.4K net sold
1 buyer · 2 sellers · 0% of sales under a 10b5-1 plan
Midland States Bancorp insider trades (Form 4)
Form 4 buys and sells (codes P and S). Grants, option exercises
and conversions excluded.
Over the last 180 days, Midland States Bancorp, Inc. insiders sold a net $172.4K of stock across 70 Form 4 purchases and sales, with 1 insider buying. Source: SEC Form 4 filings, as of 2026-10-28.
Insider
Filed
Shares
Value
Since filing
Context
- 3 earlier Form 4 trades (code P or S) here by this insider (3 sales), the last on Aug 18, 2026.
- The trade is 17.6% of the 13,610 shares held after it.
- No other insider sold within 30 days.
- 76 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: SVP - Chief Operating Officer Mooney Kyle Owen sold about $80.0K of MSBI on Sep 8, 2026; 76 funds added in the latest 13F quarter.Context
- 2 earlier Form 4 trades (code P or S) here by this insider (2 sales), the last on Aug 11, 2026.
- The trade is 3.6% of the 13,610 shares held after it.
- 1 other insider sold within 30 days.
- 76 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: SVP - Chief Operating Officer Mooney Kyle Owen sold about $16.2K of MSBI on Aug 18, 2026; 1 other insider sold within 30 days and 76 funds added in the latest 13F quarter.Context
- 1 earlier Form 4 trade (code P or S) here by this insider (1 sale), the last on Jan 28, 2026.
- The trade is 8.5% of the 14,099 shares held after it.
- 1 other insider sold within 30 days.
- 76 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: SVP - Chief Operating Officer Mooney Kyle Owen sold about $40.1K of MSBI on Aug 11, 2026; 1 other insider sold within 30 days and 76 funds added in the latest 13F quarter.Context
- 1 earlier Form 4 trade (code P or S) here by this insider (1 sale), the last on Oct 29, 2024.
- The trade is 2.1% of the 400,971 shares held after it.
- 1 other insider sold within 30 days.
- 76 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: President & CEO Ludwig Jeffrey G. sold about $285.0K of MSBI on Jul 28, 2026, the largest insider sale at the company since 2024; 1 other insider sold within 30 days and 76 funds added in the latest 13F quarter.Context
- First Form 4 purchase or sale (code P or S) here by this insider on our record.
- The trade is 100.0% of the 9,400 shares held after it.
- No other insider bought within 30 days.
- 76 funds added in the 13F quarter to Jun 30, 2026.
Insider activity: Director Franklin Travis bought about $249.0K of MSBI on May 5, 2026, the largest insider purchase at the company since 2022; 76 funds added in the latest 13F quarter.70 transactions on record
Since filing: total return from the first close after the filing to the latest close, dividend-adjusted. Not a forecast.
Context lines are counts over the filings above and returns from our own price history, never a price level. Not investment advice.
Seven facts, ranked against the sector ·
Rank is not a forecast
Insiders
net -$172.4K over 180 days
-$136.4K over 90 days
more than 52% of Banks
Congress
no House purchase disclosed in the last 12 months
Funds
76 funds bought in last quarter
below 62% of Banks
Revenue
no revenue reported in any filing
Margin
no margin: no revenue reported
Buybacks
$10.7M repurchased, FY to 2026-06-30
more than 56% of Banks
Short interest
4.8% of the float short (float per yahoo 2026-10-26) · 4.2 days to cover · settled 2026-09-30
more than 74% of Banks
What changed in the last 30 days
Nothing new filed in the last 30 days
Watch MSBI
A free account keeps a watchlist and can send one email a day when insiders, funds or Congress file on the names in it. No password and no card.
The year, with the filings on it
Total return over 12 months. Each marker is a filing; hover or tap one for the detail.
+119.8%12M
Insider buyInsider sellForm 144 (planned sale)
Indexed to 100, dividend-adjusted, not a price chart.
When a name files heavily, the largest trades are drawn first.
Who owns MSBI: institutional holders (13F)
13F holdings, latest reported quarter
2,920,667 sh
$90.9M
859,377 sh
$26.8M
847,353 sh
$26.4M
759,286 sh
$23.6M
694,107 sh
$21.6M
Congress trades in MSBI
No Congress trades reported
No House member has disclosed a trade in this stock. See what Congress is buying.
Activist and 5% holders (13D/13G)
No 5%+ ownership filings
Nobody has filed for crossing 5%. That is a fact, not missing data.
MSBI planned insider sales (Form 144)
Notice of intent to sell, filed before any sale
Jeffrey Ludwig
Filed 2026-07-28
$280.8K
MSBI mutual fund holders (N-PORT)
Funds ranked by the share of their own portfolio in this stock (N-PORT).
Cambria Micro and SmallCap Shareholder Yield ETF
$361.0K position · as of 2026-07-31
1.1%
Federated Hermes MDT Small Cap Value Fund f/k/a Federated Hermes Clover Small Value Fund
$1.3M position · as of 2026-06-30
0.8%
Hotchkis and Wiley Small Cap Diversified Value Fund
$4.3M position · as of 2026-06-30
0.5%
iShares US Small Cap Value Factor ETF
$911.9K position · as of 2026-06-30
0.5%
Royce Quant Small-Cap Quality Value ETF
$124.0K position · as of 2026-06-30
0.4%
NVIT Small Cap Value Fund
$832.7K position · as of 2026-06-30
0.4%
SEC N-PORT, monthly, about 60 days late · funds ≥ $10M ·
% is the share of the fund's own portfolio
Executive pay vs shareholder return · Mr. Jeff Ludwig
CEO pay, headline and as actually paid, against the company's
return and its chosen peers' (DEF 14A).
FY
CEO total
Actually paid
Other execs, avg
TSR
Peer TSR
2023
$1.6M
$1.7M
$754.9K
+16%
+8%
2022
$1.8M
$1.9M
$825.2K
+7%
+8%
2021
$1.6M
$1.8M
$806.0K
-5%
+20%
2020
$1.0M
$756.6K
$547.1K
-34%
-11%
Tagged by the company under SEC Item 402(v). Returns are
cumulative from the start of the disclosure period. Green where the company beat its own peer group.
Live price
Daily candles from TradingView, under their licence. No filings marked.
Why this name is on the desk
The complete filing record, in one place.
The record shows a net $172.4K sold by insiders over 180 days, 76 funds added last quarter. Each figure is a federal filing, dated the day it went public.
MSBI financials
Ratios from the company's XBRL filings, latest filings
Revenue, TTM
n/a
fewer than four consecutive quarters of revenue filed
Revenue, TTM MSBI
| FY Dec 2025 | n/a |
| FY Dec 2024 | n/a |
| FY Dec 2023 | n/a |
| FY Dec 2022 | n/a |
| FY Dec 2021 | n/a |
| Jun 2026 | n/a |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jun 2025 | n/a |
| Mar 2025 | n/a |
| Dec 2024 | n/a |
| Sep 2024 | n/a |
At each fiscal year end
Single quarter
Net margin, TTM
n/a
needs four consecutive quarters of both revenue and net income
Net margin, TTM MSBI
| FY Dec 2025 | n/a |
| FY Dec 2024 | n/a |
| FY Dec 2023 | n/a |
| FY Dec 2022 | n/a |
| FY Dec 2021 | n/a |
| Jun 2026 | n/a |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jun 2025 | n/a |
| Mar 2025 | n/a |
| Dec 2024 | n/a |
| Sep 2024 | n/a |
At each fiscal year end
Single quarter
Free cash flow, TTM
$116.4M
operating cash flow minus capex, 2025-07-01 to 2026-06-30
Free cash flow, TTM MSBI
| FY Dec 2025 | $120.3M |
| FY Dec 2024 | $169.6M |
| FY Dec 2023 | $144.6M |
| FY Dec 2022 | $282.3M |
| FY Dec 2021 | $331.7M |
| Jun 2026 | $29.2M |
| Mar 2026 | $16.3M |
| Dec 2025 | -$7.8M |
| Sep 2025 | $78.6M |
| Jun 2025 | $26.7M |
| Mar 2025 | $22.9M |
| Dec 2024 | $52.8M |
| Sep 2024 | $44.4M |
At each fiscal year end
Single quarter
Debt to equity
0.01x
current debt only, 2026-06-30; equity 2026-06-30
Debt to equity MSBI
| FY Dec 2025 | 0.11x |
| FY Dec 2024 | 0.12x |
| FY Dec 2023 | 0.05x |
| FY Dec 2022 | 0.06x |
| FY Dec 2021 | 0.13x |
| Jun 2026 | 0.01x |
| Mar 2026 | 0.27x |
| Dec 2025 | 0.11x |
| Sep 2025 | 0.25x |
| Jun 2025 | 0.02x |
| Mar 2025 | 0.07x |
| Dec 2024 | 0.12x |
| Sep 2024 | 0.02x |
At each fiscal year end
Trailing four quarters at each quarter end
Cash flow to debt
15.61x
TTM operating cash flow over current debt only, 2026-06-30
Cash flow to debt MSBI
| FY Dec 2025 | 2.09x |
| FY Dec 2024 | 2.02x |
| FY Dec 2023 | 4.40x |
| FY Dec 2022 | 6.76x |
| FY Dec 2021 | 4.35x |
| Jun 2026 | 15.61x |
| Mar 2026 | 0.77x |
| Dec 2025 | 2.09x |
| Sep 2025 | 1.28x |
| Jun 2025 | 17.89x |
| Mar 2025 | 3.93x |
| Dec 2024 | 2.02x |
| Sep 2024 | 12.77x |
At each fiscal year end
Trailing four quarters at each quarter end
Return on equity
+7.5%
TTM net income over average of 2025-06-30 and 2026-06-30
Return on equity MSBI
| FY Dec 2025 | -19.5% |
| FY Dec 2024 | +5.3% |
| FY Dec 2023 | +8.7% |
| FY Dec 2022 | +15.5% |
| FY Dec 2021 | +13.3% |
| Jun 2026 | +7.5% |
| Mar 2026 | +6.2% |
| Dec 2025 | -19.5% |
| Sep 2025 | -22.5% |
| Jun 2025 | -21.3% |
| Mar 2025 | -19.4% |
| Dec 2024 | +5.3% |
| Sep 2024 | +12.2% |
At each fiscal year end
Trailing four quarters at each quarter end
Return on assets
+0.6%
TTM net income over average of 2025-06-30 and 2026-06-30
Return on assets MSBI
| FY Dec 2025 | -1.8% |
| FY Dec 2024 | +0.5% |
| FY Dec 2023 | +0.8% |
| FY Dec 2022 | +1.3% |
| FY Dec 2021 | +1.1% |
| Jun 2026 | +0.6% |
| Mar 2026 | +0.5% |
| Dec 2025 | -1.8% |
| Sep 2025 | -2.1% |
| Jun 2025 | -1.9% |
| Mar 2025 | -1.7% |
| Dec 2024 | +0.5% |
| Sep 2024 | +1.1% |
At each fiscal year end
Trailing four quarters at each quarter end
Return on invested capital
n/a
fewer than four consecutive quarters of operating income
Return on invested capital MSBI
| FY Dec 2025 | n/a |
| FY Dec 2024 | n/a |
| FY Dec 2023 | n/a |
| FY Dec 2022 | n/a |
| FY Dec 2021 | n/a |
| Jun 2026 | n/a |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jun 2025 | n/a |
| Mar 2025 | n/a |
| Dec 2024 | n/a |
| Sep 2024 | n/a |
At each fiscal year end
Trailing four quarters at each quarter end
Return on capital employed
n/a
fewer than four consecutive quarters of operating income
Return on capital employed MSBI
| FY Dec 2025 | n/a |
| FY Dec 2024 | n/a |
| FY Dec 2023 | n/a |
| FY Dec 2022 | n/a |
| FY Dec 2021 | n/a |
| Jun 2026 | n/a |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jun 2025 | n/a |
| Mar 2025 | n/a |
| Dec 2024 | n/a |
| Sep 2024 | n/a |
At each fiscal year end
Trailing four quarters at each quarter end
P/E, trailing
21.77x
close 2026-10-26 over four quarters of diluted EPS, 2025-07-01 to 2026-06-30
P/E, trailing MSBI
| FY Dec 2025 | n/a |
| FY Dec 2024 | 18.48x |
| FY Dec 2023 | 11.88x |
| FY Dec 2022 | 6.21x |
| FY Dec 2021 | 6.94x |
| Jun 2026 | 19.96x |
| Mar 2026 | 18.91x |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jun 2025 | n/a |
| Mar 2025 | n/a |
| Dec 2024 | 18.48x |
| Sep 2024 | 7.46x |
At each fiscal year end
Trailing four quarters at each quarter end
Enterprise value
$413.6M
market value at close 2026-10-26 on 2026-07-20 shares, plus current debt only, 2026-06-30, minus cash 2026-06-30
Enterprise value MSBI
| FY Dec 2025 | $388.6M |
| FY Dec 2024 | $494.9M |
| FY Dec 2023 | $493.4M |
| FY Dec 2022 | $471.3M |
| FY Dec 2021 | -$57.8M |
| Jun 2026 | $354.4M |
| Mar 2026 | $508.0M |
| Dec 2025 | $388.6M |
| Sep 2025 | $349.9M |
| Jun 2025 | $204.7M |
| Mar 2025 | $304.6M |
| Dec 2024 | $494.9M |
| Sep 2024 | $370.8M |
At each fiscal year end
Trailing four quarters at each quarter end
FCF yield
+16.5%
TTM free cash flow over market value at close 2026-10-26
FCF yield MSBI
| FY Dec 2025 | +26.4% |
| FY Dec 2024 | +32.5% |
| FY Dec 2023 | +24.4% |
| FY Dec 2022 | +47.9% |
| FY Dec 2021 | +60.8% |
| Jun 2026 | +18.0% |
| Mar 2026 | +24.3% |
| Dec 2025 | +26.4% |
| Sep 2025 | +49.0% |
| Jun 2025 | +39.4% |
| Mar 2025 | +40.9% |
| Dec 2024 | +32.5% |
| Sep 2024 | +35.7% |
At each fiscal year end
Trailing four quarters at each quarter end
PEG, trailing
n/a
prior-year trailing EPS was a loss, growth undefined
PEG, trailing MSBI
| FY Dec 2025 | n/a |
| FY Dec 2024 | n/a |
| FY Dec 2023 | n/a |
| FY Dec 2022 | 0.31x |
| FY Dec 2021 | 0.03x |
| Jun 2026 | n/a |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jun 2025 | n/a |
| Mar 2025 | n/a |
| Dec 2024 | n/a |
| Sep 2024 | n/a |
At each fiscal year end
Trailing four quarters at each quarter end
Price as of 2026-10-26. Hover or tap a tile for its yearly and quarterly history.
Method
TTM is four consecutive fiscal quarters; Q4 is the year minus nine months when not filed. Returns use the average of opening and closing balances. EBIT is approximated by operating income. PEG uses trailing EPS growth.
Fundamentals
Annual figures from XBRL filings. Pick a past date to see them as known then.
| 2025-12 | 2024-12 | 2023-12 | 2022-12 | |
|---|---|---|---|---|
| Net income | -$124.3M | $38.0M | $61.2M | $100.2M |
| EPS (diluted) | -6.12 | 1.32 | 2.33 | 4.28 |
| Operating cash flow | $125.7M | $176.5M | $153.4M | $285.8M |
| Cash | $127.8M | $114.8M | $135.1M | $160.6M |
| Buybacks | $9.7M | $5.5M | $17.9M | $1.1M |
| Dividends paid | $27.7M | $27.1M | $26.6M | $25.9M |
SEC XBRL, fiscal years, as known on 2026-10-28
MSBI Stock Sonar score 5/7 axes
Find similar shapesCompareMSBI ranks highest on financial health (88th percentile) and insider conviction (49th), and lowest on profitability (24th), among Banks peers.
5 of 7 axes scored. Each is a percentile against sector peers (all companies when the sector is thin); higher is better. An unscored axis is unmeasured, not low. How it is scored
MSBI filings, in plain words
Are Midland States Bancorp insiders buying or selling MSBI?
In the 180 days to 2026-10-28, Midland States Bancorp insiders were net sellers, a net $172.4K: $249.0K of purchases and $421.4K of sales reported on Form 4, by 1 buyer and 2 sellers.
Read the full summary
In the 180 days to 2026-10-28, Midland States Bancorp insiders were net sellers of MSBI, a net $172.4K across purchases and sales reported on Form 4 by 1 buyer and 2 sellers. None of the 4 insider sales was flagged as made under a Rule 10b5-1 plan. Each figure is counted from SEC and House filings as of 2026-10-28, dated the day the filing was made public.
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