Midland States Bancorp, Inc. (NASDAQ:MSBIP) Sees Large Decline in Short Interest

Midland States Bancorp, Inc. (NASDAQ:MSBIP) saw a significant drop in short interest in January. As of January 15th, there was short interest totaling 37,892 shares, a drop of 28.5% from the December 31st total of 52,959 shares. Based on an average daily trading volume, of 5,057 shares, the short-interest ratio is presently 7.5 days. Based on an average daily trading volume, of 5,057 shares, the short-interest ratio is presently 7.5 days.

Midland States Bancorp Price Performance

Shares of NASDAQ:MSBIP opened at $25.51 on Friday. The business’s 50 day simple moving average is $24.90 and its 200-day simple moving average is $24.31. Midland States Bancorp has a 12 month low of $22.03 and a 12 month high of $25.60.

Midland States Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Monday, December 15th were issued a $0.4844 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $1.94 annualized dividend and a yield of 7.6%.

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.