Midland States Bancorp Inc.’s Lock-Up Period Set To End on November 21st (NASDAQ:MSBI)
Midland States Bancorp’s (NASDAQ:MSBI) lock-up period is set to end on Monday, November 21st. Midland States Bancorp had issued 3,638,755 shares in its initial public offering on May 24th. The total size of the offering was $80,052,610 based on an initial share price of $22.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the end of the lock-up period.
Separately, Zacks Investment Research raised Midland States Bancorp from a “hold” rating to a “strong-buy” rating and set a $27.00 price objective on the stock in a research report on Tuesday, August 23rd.
Shares of Midland States Bancorp (NASDAQ:MSBI) opened at 27.41 on Monday. The company’s 50-day moving average price is $25.66 and its 200-day moving average price is $23.71. Midland States Bancorp has a 12 month low of $20.80 and a 12 month high of $28.32. The company has a market cap of $422.22 million and a P/E ratio of 13.37.
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 28th. Shareholders of record on Friday, November 18th will be given a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, November 16th. This represents a $0.72 dividend on an annualized basis and a yield of 2.63%.
Midland States Bancorp Company Profile
Midland States Bancorp, Inc is a United States-based diversified financial holding company. The Company’s banking subsidiary, Midland States Bank, provides a range of traditional community banking and other complementary financial services. Its segments include Banking, Commercial Federal Housing Administration (FHA) Origination and Servicing, and Other.
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