Midland States Bancorp (NASDAQ:MSBIP) Trading Up 0.3% – Still a Buy?

Midland States Bancorp, Inc. (NASDAQ:MSBIP)’s stock price shot up 0.3% on Wednesday . The stock traded as high as $25.36 and last traded at $25.32. 5,613 shares were traded during mid-day trading, an increase of 42% from the average session volume of 3,949 shares. The stock had previously closed at $25.25.

Midland States Bancorp Trading Up 0.3%

The company has a 50-day moving average price of $25.22 and a 200-day moving average price of $24.53.

Midland States Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 16th will be issued a $0.4844 dividend. The ex-dividend date is Monday, March 16th. This represents a $1.94 annualized dividend and a 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.