Midland States Bancorp, Inc. (NASDAQ:MSBIP) Short Interest Update

Midland States Bancorp, Inc. (NASDAQ:MSBIP) was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 10,527 shares, a growth of 65.4% from the April 30th total of 6,366 shares. Based on an average daily volume of 1,178 shares, the short-interest ratio is currently 8.9 days.

Midland States Bancorp Trading Down 0.2%

Midland States Bancorp stock opened at $25.44 on Friday. Midland States Bancorp has a 52 week low of $22.03 and a 52 week high of $25.94. The stock has a 50-day simple moving average of $25.22 and a 200 day simple moving average of $25.09.

Midland States Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $0.4844 per share. The ex-dividend date is Monday, June 15th. This represents a $1.94 dividend on an annualized basis and a yield of 7.6%.

About Midland States Bancorp

Midland States Bancorp, Inc is a financial holding company headquartered in Effingham, Illinois, serving as the parent organization of Midland States Bank. The company provides a full suite of banking and financial services to commercial, consumer and institutional clients. Key offerings include traditional commercial lending, treasury management, deposit products and consumer banking solutions tailored to the needs of small businesses, middle-market companies and individual customers.

In addition to core commercial and retail banking, Midland States Bancorp maintains a significant mortgage banking platform that originates and services both residential and commercial loans.