Midland States Bancorp, Inc. (NASDAQ:MSBIP) Short Interest Update
by Sarita Garza · The Markets DailyMidland States Bancorp, Inc. (NASDAQ:MSBIP – Get Free Report) saw a large increase in short interest in December. As of December 15th, there was short interest totaling 47,423 shares, an increase of 30.3% from the November 30th total of 36,397 shares. Based on an average daily volume of 6,221 shares, the short-interest ratio is currently 7.6 days. Based on an average daily volume of 6,221 shares, the short-interest ratio is currently 7.6 days.
Midland States Bancorp Stock Up 0.8%
Shares of MSBIP stock traded up $0.19 during mid-day trading on Tuesday, reaching $25.01. 6,318 shares of the company were exchanged, compared to its average volume of 11,253. The business’s 50 day simple moving average is $24.36 and its 200 day simple moving average is $23.97. Midland States Bancorp has a fifty-two week low of $22.03 and a fifty-two week high of $25.66.
Midland States Bancorp (NASDAQ:MSBIP – Get Free Report) last posted its quarterly earnings results on Wednesday, March 23rd. The company reported $0.54 earnings per share (EPS) for the quarter. The company had revenue of $70.61 million during the quarter.
Midland States Bancorp Announces Dividend
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. This represents a $1.94 dividend on an annualized basis and a yield of 7.7%. The ex-dividend date is Monday, December 15th.
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.