Midland States Bancorp (NASDAQ:MSBIP) Stock Price Up 0.6% – Should You Buy?

Midland States Bancorp, Inc. (NASDAQ:MSBIP)’s stock price shot up 0.6% during mid-day trading on Wednesday . The company traded as high as $24.54 and last traded at $24.65. 5,297 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 13,043 shares. The stock had previously closed at $24.50.

Midland States Bancorp Trading Up 0.6%

The firm has a fifty day moving average of $23.94 and a 200-day moving average of $23.63.

Midland States Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a $0.4844 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.94 annualized dividend and a dividend yield of 7.9%.

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.