Midland States Bancorp (NASDAQ:MSBIP) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Midland States Bancorp, Inc. (NASDAQ:MSBIP) passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $25.26 and traded as low as $24.93. Midland States Bancorp shares last traded at $25.10, with a volume of 3,982 shares trading hands.

Midland States Bancorp Stock Performance

The firm’s 50 day simple moving average is $25.32 and its 200 day simple moving average is $25.26.

Midland States Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were issued a dividend of $0.4844 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $1.94 annualized dividend and a dividend yield of 7.7%.

Midland States Bancorp Company Profile

Midland States Bancorp, Inc is a financial services holding company headquartered in Effingham, Illinois. Through its principal subsidiary, Midland States Bank, the company provides banking, wealth management and specialty finance services to individuals, families, businesses and institutions.

Midland States Bank offers deposit accounts, residential and commercial real estate lending, agricultural and consumer loans, business financing, treasury management and other banking services. Its wealth management activities include trust, investment advisory and related financial planning services, while its specialty finance operations include equipment financing and leasing.

Founded in 1881, Midland States Bancorp serves communities primarily across the Midwest, with banking operations centered in Illinois and extending into neighboring states.