Midland States Bancorp, Inc. (NASDAQ:MSBIP) Director Robert F. Schultz Buys 521 Shares

Midland States Bancorp, Inc. (NASDAQ:MSBIP – Get Rating) Director Robert F. Schultz acquired 521 shares of the firm’s stock in a transaction dated Friday, March 10th. The stock was bought at an average cost of $23.42 per share, for a total transaction of $12,201.82. Following the purchase, the director now directly owns 37,846 shares of the company’s stock, valued at $886,353.32. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Midland States Bancorp Stock Performance

Shares of MSBIP opened at $24.92 on Tuesday. The company’s 50 day simple moving average is $25.98. Midland States Bancorp, Inc. has a 12-month low of $23.77 and a 12-month high of $27.10.

Midland States Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 30th. Investors of record on Wednesday, March 15th will be paid a dividend of $0.4844 per share. This represents a $1.94 annualized dividend and a yield of 7.78%. The ex-dividend date of this dividend is Tuesday, March 14th.

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.