Midland States Bancorp, Inc. (NASDAQ:MSBIP) Sees Large Decrease in Short Interest

Midland States Bancorp, Inc. (NASDAQ:MSBIP) saw a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 5,600 shares, a decrease of 29.1% from the February 28th total of 7,900 shares. Based on an average daily volume of 18,000 shares, the days-to-cover ratio is currently 0.3 days.

Midland States Bancorp Trading Up 0.6 %

Shares of NASDAQ MSBIP traded up $0.13 during midday trading on Friday, hitting $23.70. The company’s stock had a trading volume of 5,141 shares, compared to its average volume of 8,891. The business’s 50 day moving average is $24.11 and its two-hundred day moving average is $24.77. Midland States Bancorp has a 12-month low of $22.52 and a 12-month high of $25.77.

Midland States Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.4844 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.94 dividend on an annualized basis and a yield of 8.18%.

About Midland States Bancorp

Midland States Bancorp, Inc operates as a financial holding company for Midland States Bank that provides various banking products and services to individuals, businesses, municipalities, and other entities. It operates through Banking, Wealth Management, and Other segments. The company provides a range of financial products and services to consumers and businesses, including commercial loans to finance agricultural equipment and production; and commercial real estate loans for owner occupied offices, warehouses and production facilities, office buildings, hotels, mixed-use residential and commercial facilities, retail centers, multifamily properties, and assisted living facilities.