Midland States Bancorp Incorporated (NASDAQ:MSBI) Shorted Shares Increased By 6.14%

February 15, 2018 - By Ivan Hodges

 Midland States Bancorp Incorporated (NASDAQ:MSBI) Shorted Shares Increased By 6.14%

The stock of Midland States Bancorp Incorporated (NASDAQ:MSBI) registered an increase of 6.14% in short interest. MSBI’s total short interest was 491,300 shares in February as published by FINRA. Its up 6.14% from 462,900 shares, reported previously. With 51,900 shares average volume, it will take short sellers 10 days to cover their MSBI’s short positions. The short interest to Midland States Bancorp Incorporated’s float is 4.14%.

The stock increased 0.53% or $0.16 during the last trading session, reaching $30.25. About 150,796 shares traded or 186.21% up from the average. Midland States Bancorp, Inc. (NASDAQ:MSBI) has 0.00% since February 15, 2017 and is . It has underperformed by 16.70% the S&P500.

Midland States Bancorp, Inc. operates as a financial holding firm for Midland States Bank that provides banking and financial services and products to individuals, businesses, municipalities, and other entities. The company has market cap of $577.57 million. The companyÂ’s deposit products include checking, savings, money market, and sweep accounts, as well as certificates of deposits, noninterest-bearing and interest-bearing demand deposits, and time deposits. It has a 20.61 P/E ratio. The Company’s loan portfolio comprises commercial lending products consisting of owner occupied commercial real estate loans, commercial real estate investment loans, real estate construction loans, multifamily loans, and loans to purchase farmland and finance agricultural production; commercial loans, such as business term loans, equipment financing, and lines of credit; and residential first and second mortgage loans, and home equity lines of credit, as well as consumer installment loans, including loans to purchase cars, boats, and other recreational vehicles.

Midland States Bancorp, Inc. (NASDAQ:MSBI) Ratings Coverage

Among 3 analysts covering Midland States… (NASDAQ:MSBI), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Midland States… had 5 analyst reports since June 20, 2016 according to SRatingsIntel. As per Monday, June 20, the company rating was initiated by Wood. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Monday, August 28. The firm has “Buy” rating by DA Davidson given on Tuesday, June 21. The stock of Midland States Bancorp, Inc. (NASDAQ:MSBI) earned “Buy” rating by Keefe Bruyette & Woods on Tuesday, October 17. The stock has “Buy” rating by Keefe Bruyette & Woods on Tuesday, October 3.

More notable recent Midland States Bancorp, Inc. (NASDAQ:MSBI) news were published by: Globenewswire.com which released: “Midland States Bancorp, Inc. to Acquire Alpine Bancorporation” on October 16, 2017, also Globenewswire.com with their article: “Midland States Bancorp, Inc. to Acquire Centrue Financial Corporation” published on January 26, 2017, Globenewswire.com published: “Midland States Bancorp, Inc. Announces Change in Chief Financial Officer” on October 26, 2017. More interesting news about Midland States Bancorp, Inc. (NASDAQ:MSBI) were released by: Seekingalpha.com and their article: “Midland States Bancorp’s (MSBI) CEO Leon Holschbach on Q3 2017 Results …” published on October 27, 2017 as well as Nasdaq.com‘s news article titled: “Midland States Bancorp, Inc. (MSBI) Ex-Dividend Date Scheduled for February 15 …” with publication date: February 14, 2018.

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