Midland States Bancorp, Inc. (NASDAQ:MSBIP) Short Interest Down 42.1% in June

Midland States Bancorp, Inc. (NASDAQ:MSBIP) was the recipient of a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 4,120 shares, a drop of 42.1% from the May 31st total of 7,119 shares. Based on an average daily trading volume, of 2,412 shares, the short-interest ratio is currently 1.7 days.

Midland States Bancorp Price Performance

Shares of Midland States Bancorp stock traded up $0.35 during mid-day trading on Wednesday, hitting $25.25. 7,321 shares of the stock were exchanged, compared to its average volume of 4,232. Midland States Bancorp has a 12 month low of $22.30 and a 12 month high of $25.94. The company has a 50-day simple moving average of $25.36 and a 200 day simple moving average of $25.21.

Midland States Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a dividend of $0.4844 per share. This represents a $1.94 dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date of this dividend was Monday, June 15th.

Midland States Bancorp Company Profile

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.