Noteworthy Dividend Flows: Midland States Bancorp, Inc. (NASDAQ:MSBI) dividends will reach $0.18 on Nov 28, 2016, and this is why.

Noteworthy Dividend Flows: Midland States Bancorp, Inc. (NASDAQ:MSBI) dividends will reach $0.18 on Nov 28, 2016, and this is why.

Midland States Bancorp, Inc. (NASDAQ:MSBI) is expected to pay $0.18 on Nov 28, 2016. The indicated annual dividend is $0.72. Shareholders owning the stock before Nov 16, 2016 will be eligible to receive the payout. Based on Midland States Bancorp, Inc.’s current price of $28.06, the dividend is 0.64%. This dividend’s record date is Nov 18, 2016 and the announcement date is Nov 9, 2016. The stock increased 2.37% or $0.65 during the last trading session, hitting $28.06. Midland States Bancorp Inc (NASDAQ:MSBI) has risen 6.00% since October 16, 2016 and is uptrending. It has outperformed by 2.07% the S&P500.

Midland States Bancorp, Inc. is a United States diversified financial holding company. The company has a market cap of $437.35 million. The Company’s banking subsidiary, Midland States Bank, provides a range of traditional community banking and other complementary financial services. It currently has negative earnings. The Company’s divisions include Banking, Commercial Federal Housing Administration Origination and Servicing, and Other.

Midland States Bancorp Inc (NASDAQ:MSBI) Ratings Coverage

Out of 2 analysts covering Midland States… (NASDAQ:MSBI), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Midland States… has been the topic of 2 analyst reports since June 20, 2016 according to StockzIntelligence Inc. The rating was initiated by Wood with “Outperform” on Monday, June 20. The company was initiated on Tuesday, June 21 by DA Davidson.

MSBI Company Profile

Midland States Bancorp, Inc. is a diversified financial holding company. The Company’s banking subsidiary, Midland States Bank (the Bank), has branches across Illinois and in Missouri and Colorado, and provides a range of traditional community banking and other complementary financial services, including commercial lending, residential mortgage origination, wealth management, merchant services and prime consumer lending. The Company’s divisions include Banking, Commercial Federal Housing Administration (FHA) Origination and Servicing, and Other. The Banking segment provides a range of financial services and products to clients and businesses, including loan products; commercial equipment leasing; mortgage loan sales and servicing; letters of credit; various types of deposit products, including checking, savings and time deposit accounts; merchant services, and corporate treasury management services. The Commercial FHA Origination and Servicing segment provides for the origination and servicing of government sponsored mortgages for multifamily and healthcare facilities. The Other segment includes the operating results of the Company and its Wealth Management business unit.

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