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

Midland States Bancorp, Inc. (NASDAQ:MSBIP)’s share price shot up 0.6% during trading on Thursday . The company traded as high as $25.25 and last traded at $25.21. 4,790 shares changed hands during mid-day trading, a decline of 4% from the average session volume of 4,992 shares. The stock had previously closed at $25.05.

Midland States Bancorp Stock Up 0.6%

The stock has a fifty day moving average of $24.75 and a 200-day moving average of $24.20.

Midland States Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Monday, December 15th were paid a $0.4844 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 7.7%.

Midland States Bancorp Company Profile

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.