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

Midland States Bancorp, Inc. (NASDAQ:MSBIP) was the target of a significant drop in short interest in August. As of August 14th, there was short interest totaling 3,529 shares, a drop of 38.4% from the July 30th total of 5,725 shares. Based on an average daily volume of 2,365 shares, the short-interest ratio is currently 1.5 days.

Midland States Bancorp Stock Performance

Shares of NASDAQ MSBIP opened at $25.50 on Monday. Midland States Bancorp has a one year low of $22.87 and a one year high of $26.06. The firm’s 50 day simple moving average is $25.21 and its two-hundred day simple moving average is $25.25.

Midland States Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.4844 per share. This represents a $1.94 annualized dividend and a yield of 7.6%. The ex-dividend date is Tuesday, September 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.