Midland States Bancorp (NASDAQ:MSBIP) Trading Up 0.2% – Time to Buy?

Midland States Bancorp, Inc. (NASDAQ:MSBIP)’s share price traded up 0.2% during mid-day trading on Wednesday . The company traded as high as $25.64 and last traded at $25.45. Approximately 19,752 shares traded hands during trading, an increase of 366% from the average daily volume of 4,242 shares. The stock had previously closed at $25.40.

Midland States Bancorp Price Performance

The business’s 50 day simple moving average is $25.21 and its 200 day simple moving average is $25.25.

Midland States Bancorp Dividend Announcement

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

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.