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

Midland States Bancorp, Inc. (NASDAQ:MSBIP) was the recipient of a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 6,366 shares, a decline of 39.0% from the April 15th total of 10,444 shares. Based on an average daily trading volume, of 1,436 shares, the short-interest ratio is presently 4.4 days.

Midland States Bancorp Price Performance

Shares of MSBIP traded up $0.02 during mid-day trading on Tuesday, hitting $25.33. 1,242 shares of the company’s stock traded hands, compared to its average volume of 4,236. Midland States Bancorp has a 1 year low of $22.03 and a 1 year high of $25.94. The business’s 50-day moving average price is $25.14 and its 200-day moving average price is $24.96.

Midland States Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $0.4844 dividend. This represents a $1.94 dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date of this dividend is 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.