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

Midland States Bancorp, Inc. (NASDAQ:MSBIP) was the recipient of a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 6,366 shares, a decline of 39.0% from the April 15th total of 10,444 shares. Based on an average daily volume of 1,436 shares, the days-to-cover ratio is currently 4.4 days.

Midland States Bancorp Stock Down 0.3%

MSBIP traded down $0.09 on Friday, hitting $25.40. The company had a trading volume of 852 shares, compared to its average volume of 4,282. The company’s fifty day moving average price is $25.14 and its 200 day moving average price is $24.95. Midland States Bancorp has a 1-year low of $22.03 and a 1-year high of $25.94.

Midland States Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.4844 dividend. This represents a $1.94 annualized dividend and a yield of 7.6%. The ex-dividend date is Monday, June 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.