Midland States Bancorp, Inc. (NASDAQ:MSBIP) Short Interest Down 28.5% in January

Midland States Bancorp, Inc. (NASDAQ:MSBIP) was the recipient of a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 37,892 shares, a drop of 28.5% from the December 31st total of 52,959 shares. Based on an average daily volume of 5,057 shares, the days-to-cover ratio is currently 7.5 days. Based on an average daily volume of 5,057 shares, the days-to-cover ratio is currently 7.5 days.

Midland States Bancorp Price Performance

Shares of MSBIP opened at $25.51 on Friday. Midland States Bancorp has a 1 year low of $22.03 and a 1 year high of $25.60. The company’s fifty day moving average is $24.90 and its two-hundred day moving average is $24.31.

Midland States Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 15th were issued a dividend of $0.4844 per share. This represents a $1.94 annualized dividend and a yield of 7.6%. The ex-dividend date of this dividend was Monday, December 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.