MidSouth Bancorp (NYSE:MSL) has received a consensus rating of “Hold” from the six analysts that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $14.50.
A number of equities analysts have recently issued reports on MSL shares. Zacks Investment Research cut shares of MidSouth Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, May 3rd. TheStreet upgraded shares of MidSouth Bancorp from a “c+” rating to a “b-” rating in a research note on Wednesday, May 17th. Raymond James Financial, Inc. restated an “underperform” rating on shares of MidSouth Bancorp in a research note on Friday, June 9th. Stephens reiterated a “hold” rating on shares of MidSouth Bancorp in a research report on Thursday, April 27th. Finally, Hovde Group dropped their target price on shares of MidSouth Bancorp from $16.00 to $14.00 and set an “outperform” rating for the company in a research report on Wednesday, June 14th.
Shares of MidSouth Bancorp (NYSE:MSL) traded up 0.90% on Friday, hitting $11.20. The stock had a trading volume of 32,944 shares. The company’s 50 day moving average is $11.56 and its 200 day moving average is $13.55. MidSouth Bancorp has a one year low of $9.52 and a one year high of $16.60. The stock’s market cap is $179.49 million.
MidSouth Bancorp (NYSE:MSL) last announced its quarterly earnings data on Tuesday, July 25th. The bank reported ($0.38) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.06. MidSouth Bancorp had a net margin of 1.69% and a return on equity of 1.84%. The company had revenue of $23.47 million during the quarter, compared to analysts’ expectations of $23.50 million. Equities research analysts predict that MidSouth Bancorp will post ($0.10) EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.36%. The ex-dividend date of this dividend is Thursday, September 14th. MidSouth Bancorp’s dividend payout ratio (DPR) is presently -360.00%.
In other news, Chairman Jake Delhomme bought 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, June 8th. The stock was acquired at an average cost of $12.00 per share, with a total value of $30,000.00. Following the completion of the purchase, the chairman now owns 34,150 shares of the company’s stock, valued at $409,800. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director R Glenn Pumpelly acquired 5,000 shares of MidSouth Bancorp stock in a transaction on Thursday, June 8th. The shares were bought at an average cost of $12.00 per share, with a total value of $60,000.00. Following the completion of the transaction, the director now owns 95,473 shares of the company’s stock, valued at $1,145,676. The disclosure for this purchase can be found here. Insiders bought a total of 13,250 shares of company stock worth $159,000 in the last ninety days. Insiders own 19.84% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of MSL. Dimensional Fund Advisors LP increased its position in shares of MidSouth Bancorp by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 326,313 shares of the bank’s stock valued at $4,438,000 after buying an additional 4,933 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of MidSouth Bancorp by 17.8% in the fourth quarter. Renaissance Technologies LLC now owns 292,400 shares of the bank’s stock valued at $3,977,000 after buying an additional 44,200 shares during the last quarter. Naples Global Advisors LLC increased its position in shares of MidSouth Bancorp by 0.9% in the first quarter. Naples Global Advisors LLC now owns 21,350 shares of the bank’s stock valued at $327,000 after buying an additional 200 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of MidSouth Bancorp by 1.9% in the first quarter. Bank of New York Mellon Corp now owns 32,182 shares of the bank’s stock valued at $492,000 after buying an additional 604 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC increased its position in shares of MidSouth Bancorp by 15.3% in the first quarter. Pacific Ridge Capital Partners LLC now owns 248,669 shares of the bank’s stock valued at $3,805,000 after buying an additional 32,934 shares during the last quarter. 27.64% of the stock is owned by hedge funds and other institutional investors.
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MidSouth Bancorp Company Profile
MidSouth Bancorp, Inc is a financial holding company. The Company operates primarily through its wholly owned bank subsidiary, MidSouth Bank, N.A. The Company is operating principally in the community banking business by providing banking services to commercial and retail customers through the Bank. The Bank is community oriented and focuses primarily on offering commercial and consumer loan and deposit services to individuals and small to middle market businesses in Louisiana, and central and east Texas.
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