MidSouth Bancorp (NYSE:MSL) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Sunday.
Other equities research analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of MidSouth Bancorp from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 4th. FIG Partners upgraded shares of MidSouth Bancorp from a “market perform” rating to an “outperform” rating in a research report on Monday, April 2nd. They noted that the move was a valuation call. Finally, Hovde Group lowered shares of MidSouth Bancorp from an “outperform” rating to a “market perform” rating and set a $15.00 target price for the company. in a research report on Wednesday, January 31st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. MidSouth Bancorp presently has an average rating of “Hold” and an average price target of $14.60.
MSL stock opened at $13.10 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.83 and a quick ratio of 0.82. MidSouth Bancorp has a 12 month low of $11.05 and a 12 month high of $16.60. The company has a market capitalization of $217.62, a PE ratio of -48.89 and a beta of 1.21.
MidSouth Bancorp (NYSE:MSL) last announced its earnings results on Tuesday, January 30th. The bank reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.22). MidSouth Bancorp had a negative net margin of 11.48% and a negative return on equity of 0.46%. The company had revenue of $25.50 million for the quarter, compared to the consensus estimate of $23.71 million. equities research analysts predict that MidSouth Bancorp will post -0.1 EPS for the current year.
In other MidSouth Bancorp news, Director Andrew G. Hargroder sold 3,000 shares of MidSouth Bancorp stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $14.00, for a total transaction of $42,000.00. Following the completion of the sale, the director now directly owns 194,142 shares in the company, valued at $2,717,988. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director C R. Cloutier sold 5,000 shares of MidSouth Bancorp stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $14.28, for a total transaction of $71,400.00. Following the transaction, the director now directly owns 211,142 shares in the company, valued at $3,015,107.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,000 shares of company stock valued at $345,185. 19.84% of the stock is currently owned by company insiders.
Hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its stake in shares of MidSouth Bancorp by 62.0% during the third quarter. JPMorgan Chase & Co. now owns 27,646 shares of the bank’s stock worth $340,000 after acquiring an additional 10,576 shares in the last quarter. Pacific Ridge Capital Partners LLC raised its stake in shares of MidSouth Bancorp by 3.2% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 240,953 shares of the bank’s stock worth $3,193,000 after acquiring an additional 7,440 shares in the last quarter. Hilton Capital Management LLC raised its stake in shares of MidSouth Bancorp by 25.7% during the fourth quarter. Hilton Capital Management LLC now owns 38,185 shares of the bank’s stock worth $506,000 after acquiring an additional 7,810 shares in the last quarter. California State Teachers Retirement System raised its stake in shares of MidSouth Bancorp by 50.3% during the third quarter. California State Teachers Retirement System now owns 23,600 shares of the bank’s stock worth $284,000 after acquiring an additional 7,900 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of MidSouth Bancorp by 8.6% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 84,159 shares of the bank’s stock worth $1,116,000 after acquiring an additional 6,694 shares in the last quarter. 58.11% of the stock is currently owned by hedge funds and other institutional investors.
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MidSouth Bancorp Company Profile
MidSouth Bancorp, Inc, a bank holding company, through its subsidiary MidSouth Bank, N.A., provides various community banking products and services to commercial and retail customers in the United States. The company offers various deposit products, including interest-bearing and noninterest-bearing checking accounts, money market, savings accounts, investment accounts, and NOW account deposits, as well as time deposits, such as certificates of deposits; and commercial and industrial, commercial real estate, and consumer loans, as well as other loans secured by real estate.
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