WAVEMAN · COMPANY

MSBI · Midland States Bancorp, Inc.

LIVE

TEAM-0.32% 13F +439META+3.01% 13F +2,694RCG-2.04% CLUSTERUTHR-4.03% 13F +425CRWV+4.49% 13F +693CRM+2.92% 13F +1,018CVNA-0.98% 13F +794TPL-0.71% 13F +444NET+4.32% 13F +710MSTR+17.56% 13F +526DELL+4.91% 13F +1,203CRWD+5.68% 13F +1,382ANET+1.22% 13F +1,323COIN+10.14% 13F +475TEAM-0.32% 13F +439META+3.01% 13F +2,694RCG-2.04% CLUSTERUTHR-4.03% 13F +425CRWV+4.49% 13F +693CRM+2.92% 13F +1,018CVNA-0.98% 13F +794TPL-0.71% 13F +444NET+4.32% 13F +710MSTR+17.56% 13F +526DELL+4.91% 13F +1,203CRWD+5.68% 13F +1,382ANET+1.22% 13F +1,323COIN+10.14% 13F +475

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MSBI

Name: Midland States Bancorp, Inc. (MSBI) insider trading and ownership data
Creator: WaveMan
License: https://wave-man.com/terms

Midland States Bancorp, Inc.

BANKS · STATE COMMERCIAL BANKS · CIK 0001466026

FORM 144 · 1☆ WATCH

INSIDER NET · 180D

-$92.4K

open-market buys minus sells, Form 4 codes P and S

INSIDER BUYERS · 180D

CONGRESS BUYERS · 1Y

FUNDS ADDED · QTR

13F, latest reported quarter

REVENUE GROWTH

XBRL, annual

NET MARGIN

CONVERSIONS · 180D

codes C/M, not in net · $273.9K priced

SEVEN FACTS, RANKED AGAINST THE SECTOR · RANK IS NOT A FORECAST

INSIDERS

net -$92.4K over 180 days

-$341.4K over 90 days

more than 57% of Banks

CONGRESS

no member of Congress has reported trading it

FUNDS

77 funds added or opened last quarter

below 63% of Banks

REVENUE

no revenue reported in any filing

MARGIN

no margin: this company reports no revenue to divide by

BUYBACKS

$10.7M repurchased, FY to 2026-06-30

more than 56% of Banks

SHORT

4.3% of shares outstanding short · 4.2 days to cover · settled 2026-07-31

more than 81% of Banks

THE SITUATION · EVERY LINE IS ONE RULE OVER ONE DATASET

77 funds added or opened positions in the latest 13F quarter, of 155 holders.

The year, with the filings on it

Total return indexed to 100 over the last 12 months · every marker is a federal filing, placed at its date — hover any marker for the detail

TOTAL 12M RETURN +92.0%

+92.0%12M

INSIDER BUYINSIDER SELLFORM 144

INDEXED RETURN, DIVIDEND-ADJUSTED — NOT A PRICE CHART · LARGE TRADES DRAWN FIRST WHEN A NAME FILES HEAVILY

Live price

Daily candles from TradingView, on their licence — no filings are marked on this one

WHY THIS NAME IS ON THE DESK

Insiders have filed to sell — before selling.

The record shows a net $92.4K sold by insiders over 180 days, 77 funds added last quarter, $280.8K in planned Form 144 sales. Every figure is a federal filing, dated the day it became public.

Backtest this pattern Open the screener

Same sector, ranked by filing activity

Sector from the SEC's own SIC classification

UMBF BWFG PEBO PB FMBM GABC NEWT PCB DCOM ISBA WSBF JMSB

Insider transactions

Form 4 purchases and sales (codes P and S) — grants, option exercises and preferred conversions excluded

Over the last 180 days, Midland States Bancorp, Inc. insiders sold a net $92.4K of stock across 69 Form 4 purchases and sales, with 1 insider(s) buying. Source: SEC Form 4 filings, as of 2026-09-05.

INSIDER

FILED

VALUE

Mooney Kyle Owen

SVP - Chief Operating Officer

SELL

2026-08-18

489.0

$16.2K

Mooney Kyle Owen

SVP - Chief Operating Officer

SELL

2026-08-11

1,198.0

$40.1K

Ludwig Jeffrey G.

President & CEO

SELL

2026-07-28

8,383.0

$285.0K

Franklin Travis

Director

BUY

2026-05-05

9,400.0

$249.0K

Mooney Kyle Owen

SVP - Chief Operating Officer

SELL

2026-01-28

2,808.0

$63.7K

69 TRANSACTIONS ON RECORD

Showing the most recent few. Create a free account to see 64 more transactions on record, the cross-source screener and CSV export. We store only your email address, and there is no password to create.

Institutional holders

13F · holdings as of the latest quarter funds have reported

BlackRock, Inc.

2,920,667.0 sh

$90.9M

DIMENSIONAL FUND ADVISORS LP

859,377.0 sh

$26.8M

VANGUARD CAPITAL MANAGEMENT LLC

847,353.0 sh

$26.4M

Busey Bank

759,286.0 sh

$23.6M

STATE STREET CORP

694,107.0 sh

$21.6M

SCHEDULE 13D/G

No 5%+ ownership filings

Nobody has crossed 5% with a filing obligation. Absence is a fact here, not missing data.

Planned sales · Form 144

Filed before the sale — intent, not a trade

Jeffrey Ludwig

FILED 2026-07-28

$280.8K

Fund concentration

N-PORT · funds ranked by how much of THEMSELVES they put in this stock — the conviction number 13F cannot show

iShares US Small Cap Value Factor ETF

$799.5K POSITION · AS OF 2026-03-31

0.5%

Hotchkis and Wiley Small Cap Diversified Value Fund

$3.1M POSITION · AS OF 2026-03-31

0.4%

Royce Quant Small-Cap Quality Value ETF

$88.9K POSITION · AS OF 2026-03-31

0.4%

NVIT Small Cap Value Fund

$596.6K POSITION · AS OF 2026-03-31

0.3%

Federated Hermes MDT Small Cap Value Fund f/k/a Federated Hermes Clover Small Value Fund

$436.1K POSITION · AS OF 2026-03-31

0.3%

First Trust NASDAQ ABA Community Bank Index Fund

$169.5K POSITION · AS OF 2026-03-31

0.2%

SEC N-PORT, MONTHLY WITH A ~60-DAY PUBLIC LAG · FUNDS ≥ $10M · % = SHARE OF THE FUND'S OWN BOOK

Executive pay vs shareholder return · Mr. Jeff Ludwig

DEF 14A pay-versus-performance disclosure · both the headline pay and the SEC's mark-to-market figure, beside the return the company delivered and the return of the peer group it chose itself

CEO TOTAL

ACTUALLY PAID

OTHER NEOs 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) · RETURN IS CUMULATIVE FROM THE START OF THE DISCLOSURE PERIOD · GREEN WHERE THE COMPANY BEAT ITS OWN PEER GROUP

Fundamentals

Annual figures from XBRL filings · pick a past date to see them exactly as the market knew them then — restatements and all

	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-YEAR PERIODS · AS KNOWN ON 2026-09-05 · NOBODY ELSE SHOWS FUNDAMENTALS AS OF A PAST DATE