Midland States Bancorp, Inc. (NASDAQ:MSBIP – Get Rating) rose 0.6% during mid-day trading on Friday . The stock traded as high as $23.30 and last traded at $22.75. Approximately 7,382 shares traded hands during trading, a decline of 53% from the average daily volume of 15,664 shares. The stock had previously closed at $22.62.
Midland States Bancorp Trading Up 0.6 %
The firm's 50-day moving average price is $23.84 and its 200-day moving average price is $25.02.
Get Midland States Bancorp alerts:Midland States Bancorp Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 30th. Stockholders of record on Wednesday, March 15th were given a dividend of $0.4844 per share. This represents a $1.94 annualized dividend and a dividend yield of 8.52%. The ex-dividend date of this dividend was Tuesday, March 14th.
Insider Buying and Selling
In related news, President Jeffrey S. Mefford sold 1,600 shares of the stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $26.13, for a total value of $41,808.00. Following the sale, the president now directly owns 30,822 shares of the company's stock, valued at approximately $805,378.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders have bought 2,822 shares of company stock valued at $69,423 and have sold 4,800 shares valued at $116,304.
About Midland States Bancorp
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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 accepts various deposits, such as checking, savings, money market, and sweep accounts, as well as certificates of deposits.
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