Zacks Investment Research upgraded shares of MidSouth Bancorp (NYSE:MSL) from a hold rating to a buy rating in a research report sent to investors on Wednesday, January 31st. The firm currently has $17.00 price objective on the bank’s stock.
According to Zacks, “MIDSOUTH BANCORP, INC. is a bank holding company engaged in general banking business. “
A number of other research firms have also weighed in on MSL. Keefe, Bruyette & Woods reissued a hold rating and issued a $12.00 target price on shares of MidSouth Bancorp in a report on Wednesday, October 4th. ValuEngine lowered shares of MidSouth Bancorp from a hold rating to a sell rating in a research note on Friday, December 22nd. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $14.60.
MidSouth Bancorp (MSL) opened at $12.65 on Wednesday. MidSouth Bancorp has a one year low of $11.05 and a one year high of $16.60. The firm has a market cap of $206.03, a P/E ratio of -12.65 and a beta of 1.21. 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 released its earnings results on Tuesday, January 30th. The bank reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.22). MidSouth Bancorp had a negative return on equity of 0.46% and a negative net margin of 11.48%. The firm had revenue of $25.50 million for the quarter, compared to the consensus estimate of $23.71 million. research analysts expect that MidSouth Bancorp will post 0.73 earnings per share for the current fiscal year.
In related news, Director Clayton Paul Hilliard sold 6,000 shares of MidSouth Bancorp stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $12.71, for a total value of $76,260.00. Following the completion of the sale, the director now directly owns 113,785 shares in the company, valued at $1,446,207.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andrew G. Hargroder sold 3,000 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $14.00, for a total transaction of $42,000.00. Following the completion of the transaction, the director now owns 194,142 shares of the company’s stock, valued at $2,717,988. The disclosure for this sale can be found here. Insiders sold 25,300 shares of company stock valued at $335,050 over the last 90 days. 19.84% of the stock is currently owned by corporate insiders.
Hedge funds have recently modified their holdings of the company. New York State Common Retirement Fund purchased a new stake in shares of MidSouth Bancorp during the second quarter worth about $112,000. Rhumbline Advisers purchased a new stake in MidSouth Bancorp in the third quarter valued at approximately $123,000. Hotchkis & Wiley Capital Management LLC purchased a new stake in MidSouth Bancorp in the third quarter valued at approximately $136,000. MML Investors Services LLC boosted its position in MidSouth Bancorp by 16.9% in the second quarter. MML Investors Services LLC now owns 15,205 shares of the bank’s stock valued at $179,000 after buying an additional 2,197 shares during the last quarter. Finally, California State Teachers Retirement System purchased a new stake in MidSouth Bancorp in the second quarter valued at approximately $184,000. Institutional investors and hedge funds own 55.57% of the company’s stock.
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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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