Midland States Bancorp, Inc. (NASDAQ:MSBIP) Short Interest Update

Midland States Bancorp, Inc. (NASDAQ:MSBIP) saw a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 6,366 shares, a decrease of 39.0% from the April 15th total of 10,444 shares. Based on an average daily volume of 1,436 shares, the days-to-cover ratio is presently 4.4 days.

Midland States Bancorp Trading Down 0.0%

Shares of Midland States Bancorp stock traded down $0.01 during trading hours on Monday, reaching $25.38. 3,282 shares of the company’s stock were exchanged, compared to its average volume of 4,271. The company has a fifty day moving average of $25.14 and a 200-day moving average of $24.96. Midland States Bancorp has a 52-week low of $22.03 and a 52-week high of $25.94.

Midland States Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $0.4844 dividend. This represents a $1.94 annualized dividend and a dividend yield of 7.6%. The ex-dividend date of this dividend is Monday, June 15th.

About Midland States Bancorp

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.