Midland States Bancorp, Inc. (NASDAQ:MSBIP) Stock Short Interest Drops 74.5%

Midland States Bancorp, Inc. (NASDAQ:MSBIP) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 1,221 shares, a drop of 74.5% from the September 15th total of 4,784 shares. Based on an average daily volume of 3,293 shares, the short-interest ratio is presently 0.4 days.

Midland States Bancorp Price Performance

Shares of MSBIP traded up $0.14 during trading hours on Tuesday, reaching $25.18. The stock had a trading volume of 3,186 shares, compared to its average volume of 4,420. Midland States Bancorp has a 52 week low of $23.22 and a 52 week high of $27.07. The firm has a 50-day moving average of $25.36 and a 200 day moving average of $25.27.

Midland States Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were issued a $0.4844 dividend. This represents a $1.94 annualized dividend and a dividend yield of 7.7%. The ex-dividend date was Tuesday, September 15th.

Midland States Bancorp Company Profile

Midland States Bancorp, Inc is a financial holding company headquartered in Effingham, Illinois. Through its principal subsidiary, Midland States Bank, the company provides banking and financial services to individuals, families and businesses.

Midland States Bank offers deposit accounts, commercial and consumer loans, residential mortgage lending, construction and real estate financing, and treasury management services. Its broader platform also includes wealth management, trust and investment services, and equipment finance and leasing solutions.

Founded in 1881, Midland States has developed a community banking franchise serving customers primarily in Illinois and neighboring Midwestern markets.