Midland States Bancorp, Inc. (NASDAQ:MSBIP) Short Interest Update

Midland States Bancorp, Inc. (NASDAQ:MSBIP) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 47,423 shares, a growth of 30.3% from the November 30th total of 36,397 shares. Based on an average trading volume of 6,221 shares, the days-to-cover ratio is presently 7.6 days. Based on an average trading volume of 6,221 shares, the days-to-cover ratio is presently 7.6 days.

Midland States Bancorp Price Performance

Shares of MSBIP traded up $0.19 during trading hours on Tuesday, reaching $25.01. The company’s stock had a trading volume of 6,318 shares, compared to its average volume of 11,253. The company has a 50 day moving average of $24.36 and a two-hundred day moving average of $23.97. Midland States Bancorp has a 1-year low of $22.03 and a 1-year high of $25.66.

Midland States Bancorp (NASDAQ:MSBIP) last released its quarterly earnings data on Wednesday, March 23rd. The company reported $0.54 earnings per share for the quarter. The company had revenue of $70.61 million during the quarter.

Midland States Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 15th will be paid a $0.4844 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $1.94 annualized dividend and a dividend yield of 7.7%.

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.