Short Interest in Midland States Bancorp, Inc. (NASDAQ:MSBIP) Drops By 55.1%

Midland States Bancorp, Inc. (NASDAQ:MSBIP) was the recipient of a significant decline in short interest during the month of February. As of February 15th, there was short interest totalling 8,900 shares, a decline of 55.1% from the January 31st total of 19,800 shares. Based on an average daily volume of 16,600 shares, the short-interest ratio is presently 0.5 days.

Midland States Bancorp Trading Down 1.1 %

MSBIP stock opened at $23.38 on Friday. The firm has a fifty day moving average price of $24.71 and a two-hundred day moving average price of $24.96. Midland States Bancorp has a 1-year low of $22.52 and a 1-year high of $25.77.

Midland States Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.4844 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $1.94 annualized dividend and a dividend yield of 8.29%.

Midland States Bancorp Company Profile

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.