Midland States Bancorp (NASDAQ:MSBIP) Shares Down 0.9% – Should You Sell?

Midland States Bancorp, Inc. (NASDAQ:MSBIP)’s stock price traded down 0.9% during trading on Monday . The stock traded as low as $23.50 and last traded at $23.52. 11,478 shares were traded during trading, an increase of 30% from the average session volume of 8,844 shares. The stock had previously closed at $23.73.

Midland States Bancorp Stock Down 0.9 %

The business’s fifty day simple moving average is $24.22 and its two-hundred day simple moving average is $24.81.

Midland States Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a $0.4844 dividend. This represents a $1.94 annualized dividend and a dividend yield of 8.24%. The ex-dividend date of this dividend is Monday, March 17th.

Midland States Bancorp Company Profile

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.