Midland States Bancorp (NASDAQ:MSBIP) Trading Down 1% – Time to Sell?

Midland States Bancorp, Inc. (NASDAQ:MSBIPGet Free Report)’s share price was down 1% during mid-day trading on Tuesday . The company traded as low as $24.90 and last traded at $24.90. 43,412 shares were traded during mid-day trading, an increase of 932% from the average session volume of 4,205 shares. The stock had previously closed at $25.16.

Midland States Bancorp Stock Performance

The stock’s 50-day moving average price is $25.36 and its 200-day moving average price is $25.21.

Midland States Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were given a dividend of $0.4844 per share. This represents a $1.94 dividend on an annualized basis and a yield of 7.8%. The ex-dividend date was Monday, June 15th.

Midland States Bancorp Company Profile

(Get Free Report)

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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