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Insider Buy Insider Buy June 13, 2024

McDonnell Jeffrey M purchased ~$150K in Midland States Bancorp, Inc. stock

Midland States Bancorp, Inc. (MSBI)  ·  Data via SEC EDGAR Form 4

Verity Signals Research Published Updated

= insider buy date

90-day return

+2.6%
MSBI price after insider trade by McDonnell Jeffrey M

Insider

McDonnell Jeffrey M

Role

Transaction

Open-Market Purchase

Approx. Value

~$150K

Trade Date

Jun 13, 2024

Company

Midland States Bancorp, Inc.

Ticker

MSBI

Source

SEC EDGAR Form 4

Very Strong conviction signal

Scored in the top tier across multiple factors. Fewer than 5% of insider trades receive this rating.

~$150K purchase

A meaningful investment of personal capital. The average insider purchase is around $150K, putting this in the typical range for serious positions.

+2.6% in 90 days

Measured from trade date to 90 days later. We track the performance of every insider trade to identify which insiders consistently make profitable moves.

MJ

How good is McDonnell Jeffrey M at picking stocks?

Full track record: win rate, average return, and performance vs S&P 500

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On June 13, 2024, McDonnell Jeffrey M — a corporate insider at Midland States Bancorp, Inc. — filed a Form 4 with the SEC disclosing an open-market purchase of approximately ~$150K in Midland States Bancorp, Inc. (MSBI) stock.

Under Section 16(a) of the Securities Exchange Act of 1934, corporate insiders must report all open-market stock transactions to the SEC within two business days. These filings — known as Form 4s — are publicly available on the SEC's EDGAR database. VeritySignals filters and scores the full Form 4 stream to surface high-conviction signals like this one.

In the 90 days following this trade, MSBI returned +2.6%

Full Conviction Analysis

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All data sourced from publicly available SEC Form 4 filings via EDGAR · Not financial advice · Past performance does not guarantee future results.

Signal strength Very Strong
Trade size ~$150K
Insider role Insider
90-day return +2.6%

What is this?

When company executives buy or sell their own stock, they must report it to the SEC within 2 days. These public filings reveal what the people who know the company best are doing with their own money.

Why does it matter?

Insiders can sell for many reasons (taxes, diversification, expenses), but they generally only buy for one: they think the stock is going up. That's why insider purchases are more predictive than sales.

What makes a trade "strong"?

We score trades on 15+ factors: the insider's role (CEO > director), trade size relative to their salary, whether other insiders also bought (clusters), and historical accuracy of the insider.

Read our full methodology →

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