Midland States Bancorp, Inc. (NASDAQ:MSBIP) Sees Significant Decline in Short Interest

Midland States Bancorp, Inc. (NASDAQ:MSBIP) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 2,900 shares, a decline of 48.2% from the August 31st total of 5,600 shares. Based on an average trading volume of 13,700 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 13,700 shares, the days-to-cover ratio is presently 0.2 days.

Midland States Bancorp Stock Performance

Shares of NASDAQ:MSBIP opened at $24.60 on Monday. The firm’s 50 day moving average is $24.09 and its two-hundred day moving average is $23.67. Midland States Bancorp has a 52 week low of $22.03 and a 52 week high of $25.66.

Midland States Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a dividend of $0.4844 per share. This represents a $1.94 dividend on an annualized basis and a yield of 7.9%. The ex-dividend date was Monday, September 15th.

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.