Midland States Bancorp (NASDAQ:MSBIP) Trading Down 1.2% – What’s Next?

Shares of Midland States Bancorp, Inc. (NASDAQ:MSBIP) dropped 1.2% during mid-day trading on Friday . The company traded as low as $23.84 and last traded at $23.88. Approximately 22,638 shares were traded during trading, an increase of 80% from the average daily volume of 12,562 shares. The stock had previously closed at $24.18.

Midland States Bancorp Stock Performance

The stock’s 50-day moving average is $23.55 and its 200-day moving average is $23.70.

Midland States Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a dividend of $0.4844 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.94 dividend on an annualized basis and a yield of 8.1%.

About Midland States Bancorp

Midland States Bancorp, Inc operates as a financial holding company for Midland States Bank that provides various banking products and services to individuals, businesses, municipalities, and other entities. It operates through Banking, Wealth Management, and Other segments. The company provides a range of financial products and services to consumers and businesses, including commercial loans to finance agricultural equipment and production; and commercial real estate loans for owner occupied offices, warehouses and production facilities, office buildings, hotels, mixed-use residential and commercial facilities, retail centers, multifamily properties, and assisted living facilities.