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

Midland States Bancorp, Inc. (NASDAQ:MSBIP) saw a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 5,600 shares, a decrease of 29.1% from the February 28th total of 7,900 shares. Based on an average daily volume of 18,000 shares, the short-interest ratio is presently 0.3 days.

Midland States Bancorp Price Performance

Shares of NASDAQ:MSBIP traded up $0.68 during trading on Monday, reaching $24.38. 80,480 shares of the company’s stock traded hands, compared to its average volume of 9,177. Midland States Bancorp has a 12 month low of $22.52 and a 12 month high of $25.77. The company has a 50 day moving average of $24.11 and a 200-day moving average of $24.76.

Midland States Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a $0.4844 dividend. This represents a $1.94 annualized dividend and a dividend yield of 7.95%. The ex-dividend date is Monday, March 17th.

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.