Midland States Bancorp (NASDAQ:MSBIP) Shares Down 1.6% – Here’s What Happened

Midland States Bancorp, Inc. (NASDAQ:MSBIP) shares were down 1.6% on Thursday . The stock traded as low as $25.05 and last traded at $25.20. Approximately 24,317 shares were traded during trading, an increase of 350% from the average daily volume of 5,399 shares. The stock had previously closed at $25.60.

Midland States Bancorp Stock Down 0.6 %

The stock has a fifty day moving average of $25.14 and a 200-day moving average of $25.04.

Midland States Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were paid a $0.4844 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.94 dividend on an annualized basis and a yield of 7.73%.

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.