Midland States Bancorp (NASDAQ:MSBIP) Shares Down 1% – Should You Sell?

Shares of Midland States Bancorp, Inc. (NASDAQ:MSBIP) were down 1% on Tuesday . The company traded as low as $24.90 and last traded at $24.90. Approximately 43,412 shares were traded during trading, an increase of 932% from the average session volume of 4,205 shares. The stock had previously closed at $25.16.

Midland States Bancorp Price Performance

The firm has a 50 day moving average of $25.36 and a 200-day moving average of $25.21.

Midland States Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a $0.4844 dividend. The ex-dividend date was Monday, June 15th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 7.8%.

About Midland States Bancorp

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.