Midland States Bancorp, Inc. (NASDAQ:MSBIP) Short Interest Down 25.0% in October

Midland States Bancorp, Inc. (NASDAQ:MSBIP) was the target of a significant decrease in short interest in October. As of October 31st, there was short interest totalling 1,800 shares, a decrease of 25.0% from the October 15th total of 2,400 shares. Based on an average daily volume of 6,100 shares, the days-to-cover ratio is currently 0.3 days.

Midland States Bancorp Stock Up 0.9 %

MSBIP traded up $0.22 during trading on Friday, reaching $25.15. 801 shares of the company’s stock were exchanged, compared to its average volume of 4,828. The business has a 50 day moving average price of $25.10 and a 200 day moving average price of $25.01. Midland States Bancorp has a fifty-two week low of $23.00 and a fifty-two week high of $26.55.

Midland States Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 16th will be given a $0.4844 dividend. This represents a $1.94 annualized dividend and a yield of 7.70%. The ex-dividend date is Monday, December 16th.

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.