Midland States Bancorp, Inc. (NASDAQ:MSBIP – Get Free Report) was the recipient of a large drop in short interest in June. As of June 15th, there was short interest totaling 4,120 shares, a drop of 42.1% from the May 31st total of 7,119 shares. Based on an average trading volume of 2,412 shares, the short-interest ratio is presently 1.7 days.
Midland States Bancorp Price Performance
MSBIP stock traded down $0.25 during trading on Thursday, reaching $25.00. The company had a trading volume of 1,164 shares, compared to its average volume of 4,206. Midland States Bancorp has a 52 week low of $22.39 and a 52 week high of $25.94. The business has a 50 day moving average of $25.36 and a 200 day moving average of $25.21.
Midland States Bancorp Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were paid a $0.4844 dividend. The ex-dividend date was Monday, June 15th. This represents a $1.94 dividend on an annualized basis and a yield of 7.8%.
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.
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