Midland States Bancorp, Inc. (NASDAQ:MSBIP) Short Interest Up 365.5% in September

Midland States Bancorp, Inc. (NASDAQ:MSBIP) was the target of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 13,500 shares, a growth of 365.5% from the September 15th total of 2,900 shares. Based on an average daily volume of 11,000 shares, the days-to-cover ratio is presently 1.2 days. Based on an average daily volume of 11,000 shares, the days-to-cover ratio is presently 1.2 days.

Midland States Bancorp Stock Performance

NASDAQ:MSBIP opened at $23.70 on Friday. The business has a 50 day simple moving average of $24.08 and a 200 day simple moving average of $23.69. Midland States Bancorp has a 12-month low of $22.03 and a 12-month high of $25.66.

Midland States Bancorp (NASDAQ:MSBIP) last issued its earnings results on Wednesday, March 23rd. The company reported $0.54 EPS for the quarter. The business had revenue of $70.61 million during the quarter.

Midland States Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a dividend of $0.4844 per share. This represents a $1.94 annualized dividend and a dividend yield of 8.2%. The ex-dividend date was Monday, September 15th.

Midland States Bancorp Company Profile

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.