Short Interest in Midland States Bancorp, Inc. (NASDAQ:MSBIP) Drops By 38.4%

Midland States Bancorp, Inc. (NASDAQ:MSBIP) saw a significant drop in short interest in August. As of August 14th, there was short interest totaling 3,529 shares, a drop of 38.4% from the July 30th total of 5,725 shares. Based on an average daily trading volume, of 2,365 shares, the days-to-cover ratio is presently 1.5 days.

Midland States Bancorp Stock Down 0.2%

NASDAQ MSBIP traded down $0.05 on Wednesday, hitting $25.29. 1,407 shares of the company were exchanged, compared to its average volume of 4,597. The firm has a 50 day moving average of $25.21 and a two-hundred day moving average of $25.25. Midland States Bancorp has a 1-year low of $23.22 and a 1-year high of $26.06.

Midland States Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a $0.4844 dividend. This represents a $1.94 dividend on an annualized basis and a yield of 7.7%. The ex-dividend date is Tuesday, September 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.