Midland States Bancorp, Inc. (NASDAQ:MSBIP) Stock Short Interest Falls 74.5%

Midland States Bancorp, Inc. (NASDAQ:MSBIP) was the recipient of a large drop in short interest during the month of September. As of September 30th, there was short interest totaling 1,221 shares, a drop of 74.5% from the September 15th total of 4,784 shares. Based on an average daily volume of 3,293 shares, the days-to-cover ratio is currently 0.4 days.

Midland States Bancorp Stock Down 0.6%

NASDAQ:MSBIP traded down $0.16 during trading hours on Monday, hitting $25.09. 1,215 shares of the company were exchanged, compared to its average volume of 4,427. Midland States Bancorp has a 52-week low of $23.22 and a 52-week high of $27.07. The company’s 50 day moving average price is $25.36 and its 200-day moving average price is $25.27.

Midland States Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were issued a $0.4844 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 7.7%.

About Midland States Bancorp

Midland States Bancorp, Inc is a financial holding company headquartered in Effingham, Illinois. Through its principal subsidiary, Midland States Bank, the company provides banking and financial services to individuals, families and businesses.

Midland States Bank offers deposit accounts, commercial and consumer loans, residential mortgage lending, construction and real estate financing, and treasury management services. Its broader platform also includes wealth management, trust and investment services, and equipment finance and leasing solutions.

Founded in 1881, Midland States has developed a community banking franchise serving customers primarily in Illinois and neighboring Midwestern markets.