Short Interest in Midland States Bancorp, Inc. (NASDAQ:MSBIP) Decreases By 63.6%

Midland States Bancorp, Inc. (NASDAQ:MSBIP) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totalling 2,400 shares, a decrease of 63.6% from the September 30th total of 6,600 shares. Based on an average trading volume of 5,900 shares, the days-to-cover ratio is currently 0.4 days.

Midland States Bancorp Trading Down 0.1 %

NASDAQ:MSBIP traded down $0.02 on Friday, hitting $25.11. The stock had a trading volume of 7,068 shares, compared to its average volume of 4,788. The business’s 50-day simple moving average is $25.09 and its two-hundred day simple moving average is $25.01. Midland States Bancorp has a 52-week low of $21.22 and a 52-week high of $26.55.

Midland States Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were given a dividend of $0.4844 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.94 annualized dividend and a yield of 7.72%.

About Midland States Bancorp

Midland States Bancorp, Inc operates as a financial holding company for Midland States Bank that provides various banking products and services to individuals, businesses, municipalities, and other entities. It operates through Banking, Wealth Management, and Other segments. The company provides a range of financial products and services to consumers and businesses, including commercial loans to finance agricultural equipment and production; and commercial real estate loans for owner occupied offices, warehouses and production facilities, office buildings, hotels, mixed-use residential and commercial facilities, retail centers, multifamily properties, and assisted living facilities.