Short Interest in Midland States Bancorp, Inc. (NASDAQ:MSBIP) Declines By 12.5%

Midland States Bancorp, Inc. (NASDAQ:MSBIP) was the recipient of a significant decrease in short interest in February. As of February 27th, there was short interest totaling 36,281 shares, a decrease of 12.5% from the February 12th total of 41,444 shares. Based on an average trading volume of 10,118 shares, the days-to-cover ratio is presently 3.6 days. Based on an average trading volume of 10,118 shares, the days-to-cover ratio is presently 3.6 days.

Midland States Bancorp Stock Performance

MSBIP traded up $0.09 during trading on Wednesday, hitting $25.14. The stock had a trading volume of 2,847 shares, compared to its average volume of 4,799. The company has a 50 day moving average price of $25.31 and a 200-day moving average price of $24.65. Midland States Bancorp has a one year low of $22.03 and a one year high of $25.94.

Midland States Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Stockholders of record on Monday, March 16th will be paid a dividend of $0.4844 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a $1.94 annualized dividend and a dividend yield of 7.7%.

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.