Midland States Nears 52-Week High; Small-Bank Trade Faces Its Next Test
Midland States Bancorp shares closed at $27.58 on Thursday, up 0.4% and 3.8% above Tuesday’s close, nearing a 52-week high. The move follows a May buyback increase to $45 million and comes ahead of a 32-cent common dividend payment due May 22. First-quarter net income reached $16.2 million after losses last year. Credit quality remains the main risk.
