Short Interest in Midland States Bancorp, Inc. (NASDAQ:MSBIP) Drops By 38.4%

Midland States Bancorp, Inc. (NASDAQ:MSBIP) saw a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 3,529 shares, a decrease of 38.4% from the July 30th total of 5,725 shares. Based on an average trading volume of 2,365 shares, the short-interest ratio is presently 1.5 days.

Midland States Bancorp Trading Up 0.2%

Shares of Midland States Bancorp stock traded up $0.04 during trading on Tuesday, reaching $25.34. The company’s stock had a trading volume of 5,329 shares, compared to its average volume of 4,617. The business’s fifty day moving average price is $25.21 and its 200-day moving average price is $25.25. Midland States Bancorp has a one year low of $22.92 and a one year high of $26.06.

Midland States Bancorp Announces Dividend

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

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.