MidSouth Bancorp (NYSE:MSL) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday, October 18th. The brokerage presently has a $14.00 price target on the bank’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 0.36% from the stock’s current price.
According to Zacks, “MIDSOUTH BANCORP, INC. is a bank holding company engaged in general banking business. “
A number of other analysts also recently issued reports on the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $12.00 price target on shares of MidSouth Bancorp in a report on Wednesday, October 4th. Sandler O’Neill reiterated a “buy” rating and issued a $14.00 price objective on shares of MidSouth Bancorp in a research note on Tuesday, September 5th. Finally, Stephens reiterated a “buy” rating and issued a $15.00 price objective on shares of MidSouth Bancorp in a research note on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. MidSouth Bancorp currently has a consensus rating of “Hold” and a consensus price target of $15.33.
Shares of MidSouth Bancorp (NYSE:MSL) opened at 13.95 on Wednesday. MidSouth Bancorp has a 12 month low of $9.95 and a 12 month high of $16.60. The company’s market cap is $230.77 million. The firm has a 50-day moving average of $12.40 and a 200 day moving average of $12.64.
MidSouth Bancorp (NYSE:MSL) last announced its quarterly earnings results on Tuesday, October 24th. The bank reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. The firm had revenue of $24.30 million for the quarter, compared to the consensus estimate of $23.32 million. MidSouth Bancorp had a net margin of 0.94% and a return on equity of 1.50%. On average, analysts expect that MidSouth Bancorp will post ($0.10) earnings per share for the current year.
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Large investors have recently modified their holdings of the company. Jacobs Asset Management LLC raised its stake in MidSouth Bancorp by 12.8% during the 2nd quarter. Jacobs Asset Management LLC now owns 752,171 shares of the bank’s stock worth $8,838,000 after acquiring an additional 85,430 shares during the period. Vanguard Group Inc. raised its stake in MidSouth Bancorp by 17.0% during the 2nd quarter. Vanguard Group Inc. now owns 457,161 shares of the bank’s stock worth $5,372,000 after acquiring an additional 66,563 shares during the period. Dimensional Fund Advisors LP raised its stake in MidSouth Bancorp by 9.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 383,844 shares of the bank’s stock worth $4,510,000 after acquiring an additional 33,622 shares during the period. Thomson Horstmann & Bryant Inc. bought a new stake in MidSouth Bancorp during the 2nd quarter worth approximately $2,643,000. Finally, Ulysses Management LLC bought a new stake in MidSouth Bancorp during the 2nd quarter worth approximately $2,351,000. Hedge funds and other institutional investors own 52.31% of the company’s stock.
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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