Zacks Investment Research cut shares of MidSouth Bancorp (NYSE:MSL) from a hold rating to a sell rating in a research report released on Tuesday morning.
According to Zacks, “MIDSOUTH BANCORP, INC. is a bank holding company engaged in general banking business. “
Other analysts have also issued research reports about the stock. Keefe, Bruyette & Woods reiterated a hold rating and issued a $12.00 price objective on shares of MidSouth Bancorp in a research note 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, ValuEngine lowered shares of MidSouth Bancorp from a hold rating to a sell rating in a research note on Sunday, December 31st. Four analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of $14.00.
MidSouth Bancorp (NYSE MSL) traded up $0.20 during trading hours on Tuesday, hitting $13.70. 43,000 shares of the stock were exchanged, compared to its average volume of 63,667. The firm has a market capitalization of $223.41, a price-to-earnings ratio of -72.11 and a beta of 1.09. MidSouth Bancorp has a 1 year low of $11.05 and a 1 year high of $16.60. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.84 and a quick ratio of 0.84.
MidSouth Bancorp (NYSE:MSL) last released its quarterly earnings data on Tuesday, October 24th. The bank reported $0.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.01. The firm had revenue of $24.30 million for the quarter, compared to analyst estimates of $23.32 million. MidSouth Bancorp had a net margin of 0.94% and a return on equity of 1.43%. equities research analysts forecast that MidSouth Bancorp will post -0.08 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 15th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date of this dividend was Thursday, December 14th. MidSouth Bancorp’s dividend payout ratio (DPR) is presently -21.05%.
In related news, Director Clayton Paul Hilliard sold 6,000 shares of the stock in a transaction on Friday, November 24th. The shares were sold at an average price of $12.71, for a total transaction of $76,260.00. Following the sale, the director now directly owns 113,785 shares of the company’s stock, valued at $1,446,207.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director C R. Cloutier sold 6,700 shares of the stock in a transaction on Monday, November 6th. The stock was sold at an average price of $13.51, for a total transaction of $90,517.00. Following the sale, the director now directly owns 220,342 shares in the company, valued at $2,976,820.42. The disclosure for this sale can be found here. Insiders have sold 38,364 shares of company stock worth $507,019 over the last three months. 19.84% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Jacobs Asset Management LLC boosted its holdings in MidSouth Bancorp by 23.3% during the third quarter. Jacobs Asset Management LLC now owns 927,469 shares of the bank’s stock worth $11,176,000 after buying an additional 175,298 shares in the last quarter. California State Teachers Retirement System lifted its holdings in MidSouth Bancorp by 50.3% during the third quarter. California State Teachers Retirement System now owns 23,600 shares of the bank’s stock valued at $284,000 after purchasing an additional 7,900 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in MidSouth Bancorp by 20.4% during the third quarter. Dimensional Fund Advisors LP now owns 462,071 shares of the bank’s stock valued at $5,568,000 after purchasing an additional 78,227 shares in the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new position in MidSouth Bancorp during the third quarter valued at $136,000. Finally, Salzhauer Michael lifted its holdings in MidSouth Bancorp by 12.3% during the third quarter. Salzhauer Michael now owns 142,570 shares of the bank’s stock valued at $1,718,000 after purchasing an additional 15,605 shares in the last quarter. 56.74% of the stock is currently owned by hedge funds and other institutional investors.
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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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