Short Interest in Midland States Bancorp, Inc. (NASDAQ:MSBIP) Drops By 48.2%

Midland States Bancorp, Inc. (NASDAQ:MSBIP) saw a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 2,900 shares, a decline of 48.2% from the August 31st total of 5,600 shares. Based on an average daily trading volume, of 13,700 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 13,700 shares, the days-to-cover ratio is currently 0.2 days.

Midland States Bancorp Stock Performance

Midland States Bancorp stock opened at $24.60 on Monday. Midland States Bancorp has a 12 month low of $22.03 and a 12 month high of $25.66. The business has a 50 day simple moving average of $24.09 and a 200-day simple moving average of $23.67.

Midland States Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a $0.4844 dividend. The ex-dividend date was Monday, September 15th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 7.9%.

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.