Short Interest in Midland States Bancorp, Inc. (NASDAQ:MSBIP) Decreases By 12.5%

Midland States Bancorp, Inc. (NASDAQ:MSBIP) saw a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 36,281 shares, a drop of 12.5% from the February 12th total of 41,444 shares. Based on an average daily volume of 10,118 shares, the days-to-cover ratio is currently 3.6 days. Based on an average daily volume of 10,118 shares, the days-to-cover ratio is currently 3.6 days.

Midland States Bancorp Trading Down 1.8%

Shares of MSBIP stock opened at $24.99 on Tuesday. Midland States Bancorp has a twelve month low of $22.03 and a twelve month high of $25.94. The stock has a fifty day simple moving average of $25.31 and a two-hundred day simple moving average of $24.64.

Midland States Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 16th will be issued a $0.4844 dividend. This represents a $1.94 annualized dividend and a dividend yield of 7.8%. The ex-dividend date is Monday, March 16th.

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.