Short Interest in Midland States Bancorp, Inc. (NASDAQ:MSBIP) Declines By 12.7%

Midland States Bancorp, Inc. (NASDAQ:MSBIP) saw a significant drop in short interest in January. As of January 15th, there was short interest totalling 9,600 shares, a drop of 12.7% from the December 31st total of 11,000 shares. Based on an average trading volume of 11,300 shares, the days-to-cover ratio is currently 0.8 days.

Midland States Bancorp Price Performance

Shares of MSBIP opened at $24.20 on Monday. Midland States Bancorp has a 12 month low of $23.41 and a 12 month high of $25.77. The stock’s 50 day moving average is $25.01 and its two-hundred day moving average is $25.04.

Midland States Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were paid a $0.4844 dividend. This represents a $1.94 dividend on an annualized basis and a dividend yield of 8.01%. The ex-dividend date of this dividend was Monday, December 16th.

About Midland States Bancorp

Midland States Bancorp, Inc operates as a financial holding company for Midland States Bank that provides various banking products and services to individuals, businesses, municipalities, and other entities. It operates through Banking, Wealth Management, and Other segments. The company provides a range of financial products and services to consumers and businesses, including commercial loans to finance agricultural equipment and production; and commercial real estate loans for owner occupied offices, warehouses and production facilities, office buildings, hotels, mixed-use residential and commercial facilities, retail centers, multifamily properties, and assisted living facilities.