Midland States Bancorp (NASDAQ:MSBIP) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Midland States Bancorp, Inc. (NASDAQ:MSBIP)’s share price crossed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $25.26 and traded as low as $24.93. Midland States Bancorp shares last traded at $25.10, with a volume of 3,982 shares.

Midland States Bancorp Stock Down 1.2%

The stock’s fifty day moving average price is $25.32 and its 200 day moving average price is $25.26.

Midland States Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were given a $0.4844 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $1.94 annualized dividend and a yield of 7.7%.

About Midland States Bancorp

Midland States Bancorp, Inc is a financial services holding company headquartered in Effingham, Illinois. Through its principal subsidiary, Midland States Bank, the company provides banking, wealth management and specialty finance services to individuals, families, businesses and institutions.

Midland States Bank offers deposit accounts, residential and commercial real estate lending, agricultural and consumer loans, business financing, treasury management and other banking services. Its wealth management activities include trust, investment advisory and related financial planning services, while its specialty finance operations include equipment financing and leasing.

Founded in 1881, Midland States Bancorp serves communities primarily across the Midwest, with banking operations centered in Illinois and extending into neighboring states.