MidSouth Bancorp, Inc. (NYSE:MSL) has been given a consensus recommendation of “Hold” by the eight ratings firms that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $13.75.
A number of equities research analysts have issued reports on MSL shares. Zacks Investment Research raised shares of MidSouth Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Sandler O’Neill reaffirmed a “buy” rating and issued a $14.00 price objective on shares of MidSouth Bancorp in a research report on Tuesday, September 5th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $12.00 price objective on shares of MidSouth Bancorp in a research report on Wednesday, October 4th.
MidSouth Bancorp (NYSE MSL) traded up $0.10 during trading hours on Friday, hitting $13.50. 53,429 shares of the stock traded hands, compared to its average volume of 60,511. MidSouth Bancorp has a one year low of $11.05 and a one year high of $16.60. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.11.
MidSouth Bancorp (NYSE:MSL) last issued its quarterly earnings data on Tuesday, October 24th. The bank reported $0.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.01. MidSouth Bancorp had a net margin of 0.94% and a return on equity of 1.43%. The business had revenue of $24.30 million during the quarter, compared to the consensus estimate of $23.32 million. equities analysts predict that MidSouth Bancorp will post -0.06 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date is Thursday, December 14th. MidSouth Bancorp’s payout ratio is -21.05%.
In other MidSouth Bancorp news, Director C R. Cloutier sold 3,300 shares of the business’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $13.51, for a total value of $44,583.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Clayton Paul Hilliard sold 6,000 shares of the business’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $12.71, for a total transaction of $76,260.00. Following the completion of the transaction, the director now owns 113,785 shares in the company, valued at $1,446,207.35. The disclosure for this sale can be found here. Insiders sold a total of 38,364 shares of company stock valued at $507,019 over the last ninety days. 19.84% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jacobs Asset Management LLC boosted its stake in MidSouth Bancorp by 23.3% in the third quarter. Jacobs Asset Management LLC now owns 927,469 shares of the bank’s stock valued at $11,176,000 after acquiring an additional 175,298 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in MidSouth Bancorp by 20.4% in the third quarter. Dimensional Fund Advisors LP now owns 462,071 shares of the bank’s stock valued at $5,568,000 after acquiring an additional 78,227 shares during the last quarter. Vanguard Group Inc. boosted its stake in MidSouth Bancorp by 17.0% in the second quarter. Vanguard Group Inc. now owns 457,161 shares of the bank’s stock valued at $5,372,000 after acquiring an additional 66,563 shares during the last quarter. Ulysses Management LLC purchased a new position in MidSouth Bancorp in the second quarter valued at about $2,351,000. Finally, Salzhauer Michael boosted its stake in MidSouth Bancorp by 12.3% in the third quarter. Salzhauer Michael now owns 142,570 shares of the bank’s stock valued at $1,718,000 after acquiring an additional 15,605 shares during the last quarter. Hedge funds and other institutional investors own 56.74% of the company’s stock.
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About MidSouth Bancorp
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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