Midland States Bancorp, Inc. (NASDAQ:MSBIP) Short Interest Down 42.1% in June

Midland States Bancorp, Inc. (NASDAQ:MSBIP) saw a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 4,120 shares, a decline of 42.1% from the May 31st total of 7,119 shares. Based on an average daily trading volume, of 2,412 shares, the short-interest ratio is currently 1.7 days.

Midland States Bancorp Trading Up 1.4%

NASDAQ MSBIP traded up $0.35 on Wednesday, reaching $25.25. The company had a trading volume of 7,321 shares, compared to its average volume of 4,232. The company’s fifty day moving average is $25.36 and its 200 day moving average is $25.21. Midland States Bancorp has a 52-week low of $22.30 and a 52-week high of $25.94.

Midland States Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a $0.4844 dividend. The ex-dividend date was Monday, June 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 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.