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

Midland States Bancorp, Inc. (NASDAQ:MSBIP) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totaling 10,527 shares, an increase of 65.4% from the April 30th total of 6,366 shares. Based on an average daily trading volume, of 1,178 shares, the days-to-cover ratio is currently 8.9 days.

Midland States Bancorp Trading Up 0.1%

Shares of Midland States Bancorp stock traded up $0.03 on Thursday, reaching $25.53. The stock had a trading volume of 361 shares, compared to its average volume of 4,106. Midland States Bancorp has a 1 year low of $22.03 and a 1 year high of $25.94. The business’s 50 day moving average is $25.21 and its two-hundred day moving average is $25.08.

Midland States Bancorp Dividend Announcement

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

About Midland States Bancorp

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.