Midland States Bancorp (NASDAQ:MSBIP) Stock Price Down 0.1% – Time to Sell?

Midland States Bancorp, Inc. (NASDAQ:MSBIP)’s stock price was down 0.1% during trading on Tuesday . The company traded as low as $24.02 and last traded at $24.24. Approximately 11,888 shares were traded during mid-day trading, an increase of 1% from the average daily volume of 11,760 shares. The stock had previously closed at $24.27.

Midland States Bancorp Stock Performance

The company’s 50-day moving average price is $24.14 and its two-hundred day moving average price is $23.81.

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

Midland States Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Monday, December 15th will be given a dividend of $0.4844 per share. The ex-dividend date is Monday, December 15th. This represents a $1.94 annualized dividend and a dividend yield of 8.0%.

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.