Short Interest in Midland States Bancorp, Inc. (NASDAQ:MSBIP) Drops By 42.1%

Midland States Bancorp, Inc. (NASDAQ:MSBIP) was the target of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 20,996 shares, a decrease of 42.1% from the February 26th total of 36,281 shares. Based on an average daily volume of 2,439 shares, the days-to-cover ratio is presently 8.6 days.

Midland States Bancorp Price Performance

NASDAQ:MSBIP traded down $0.09 on Friday, reaching $24.81. 14,183 shares of the company’s stock were exchanged, compared to its average volume of 4,889. The stock has a fifty day simple moving average of $25.27 and a 200-day simple moving average of $24.72. Midland States Bancorp has a 52 week low of $22.03 and a 52 week high of $25.94.

Midland States Bancorp Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Monday, March 16th. This represents a $1.94 annualized dividend and a yield of 7.8%.

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.