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Stock impact report

MIDLAND STATES BANCORP, INC. INCREASES STOCK REPURCHASE PROGRAM TO $50 MILLION

Midland States Bancorp, Inc. (MSBI) 
Last midland states bancorp, inc. earnings: 4/23 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.midlandsb.com
Company Research Source: GlobeNewswire
EFFINGHAM, Ill., March 11, 2020 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ: MSBI) announced today that its Board of Directors has approved an amendment to the Company’s current stock repurchase program that increases the amount of common stock authorized for repurchase from $25 million to $50 million and extends the expiration date of the program to December 31, 2020.  As of March 10, 2020, the Company had repurchased 477,230 shares of its common stock at an average price of $25.46 for a total investment of $12.2 million under the stock repurchase program that was initially authorized on August 6, 2019.  “Given the recent volatility in the markets, we have amended our stock repurchase program to provide increased flexibility to repurchase our common stock at attractive prices,” said Jeffrey G. Ludwig, President and Chief Executive Officer of the Company. “Along with maintaining our attractive dividend, we believe that expanding the authorization for our stock repurcha Show less Read more
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