Trade Alert: Chief Accounting Officer & Corporate Controller Of Midland States Bancorp Donald Spring Has Sold Stock

We'd be surprised if Midland States Bancorp, Inc. (NASDAQ:MSBI) shareholders haven't noticed that the Chief Accounting Officer & Corporate Controller, Donald Spring, recently sold US$147k worth of stock at US$22.07 per share. Equally important, that sale actually reduced their holding by a full 55% which hardly makes us feel bullish about the stock.

See our latest analysis for Midland States Bancorp

The Last 12 Months Of Insider Transactions At Midland States Bancorp

In fact, the recent sale by Donald Spring was the biggest sale of Midland States Bancorp shares made by an insider individual in the last twelve months, according to our records. So we know that an insider sold shares at around the present share price of US$21.47. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

In the last twelve months insiders purchased 3.29k shares for US$74k. But insiders sold 9.91k shares worth US$220k. Donald Spring sold a total of 9.91k shares over the year at an average price of US$22.17. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).

Insider Ownership Of Midland States Bancorp

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. Insiders own 4.9% of Midland States Bancorp shares, worth about US$22m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

So What Does This Data Suggest About Midland States Bancorp Insiders?

The insider sales have outweighed the insider buying, at Midland States Bancorp, in the last three months. And our longer term analysis of insider transactions didn't bring confidence, either. While insiders do own shares, they don't own a heap, and they have been selling. We'd practice some caution before buying! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Midland States Bancorp. In terms of investment risks, we've identified 2 warning signs with Midland States Bancorp and understanding them should be part of your investment process.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com