Short Interest in Midland States Bancorp, Inc. (NASDAQ:MSBIP) Declines By 42.1%
by Michael Walen · The Markets DailyMidland States Bancorp, Inc. (NASDAQ:MSBIP – Get Free Report) was the target of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 4,120 shares, a decrease of 42.1% from the May 31st total of 7,119 shares. Based on an average daily trading volume, of 2,412 shares, the short-interest ratio is presently 1.7 days.
Midland States Bancorp Stock Performance
MSBIP traded down $0.13 during trading on Friday, hitting $25.00. The stock had a trading volume of 1,164 shares, compared to its average volume of 4,206. The company has a 50 day moving average price of $25.36 and a 200-day moving average price of $25.22. Midland States Bancorp has a one year low of $22.39 and a one year high of $25.94.
Midland States Bancorp Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a $0.4844 dividend. 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
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.