OTC temporary ticker just announced as MSBSV
Below is the detail on the Midland States Bancorp Fixed-Rate Reset Preferred stock.
The temporary ticker has not been announced as of 8:15 a.m. central time.
Take note that this is a lower quality issue–obviously because the ‘reward’ is high. I took a quick look at the net income and it looks flat for a number of years–do your due diligence on this issue if you are considering buying.
The pricing term sheet can be found here.
9 thoughts on “Midland States Bancorp Preferred Pricing Detail – Ticker Update”
MSBIP now trading – $25.38
Correction: MSBSV trading as MSBSL
MSBSV trading on FIDO. No commission!
So what is the grey market symbol?
Goat, you can find any new (or temporary) OTC symbol here:
Change Start to 08/19 and Midland’s new symbol should show up.
It is now MSBSL
Best regards, Green-n-Gold
No volume @ Fido as of yet.
Schwab took the order. Not executed because I will not pay up for this. Range is $25.0 – $25.2. Volume is 831,000 shares
500 shares purchased and executed at $25.20 this morning for Midland States Bancorp 7.75% preferred with $4.95 fee through TD private client. Volume appears to be institutional buyers with large volume purchases per broker. Not available on Schwab or TD regular trading platforms I use every day to trade.
After 1 1/2 days, the trade executed at Schwab for $25.2. 3:30pm EST on Friday