MidSouth Bancorp Inc. (MSL) Lowered to “Hold” at Zacks Investment Research
MidSouth Bancorp Inc. (NYSE:MSL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Friday.
According to Zacks, “MIDSOUTH BANCORP, INC. is a bank holding company engaged in general banking business. “
Shares of MidSouth Bancorp (NYSE:MSL) opened at 10.18 on Friday. MidSouth Bancorp has a 52-week low of $6.51 and a 52-week high of $11.73. The company has a market cap of $115.67 million, a price-to-earnings ratio of 14.93 and a beta of 1.30. The stock has a 50 day moving average of $10.15 and a 200 day moving average of $9.85.
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MidSouth Bancorp (NYSE:MSL) last released its quarterly earnings data on Wednesday, July 27th. The company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. MidSouth Bancorp had a net margin of 8.60% and a return on equity of 4.86%. On average, equities research analysts expect that MidSouth Bancorp will post $0.61 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Thursday, September 15th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date of this dividend was Tuesday, September 13th. MidSouth Bancorp’s payout ratio is presently 52.94%.
In related news, CEO C R. Cloutier sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of $10.13, for a total value of $50,650.00. Following the transaction, the chief executive officer now owns 266,927 shares of the company’s stock, valued at $2,703,970.51. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO C R. Cloutier sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $10.28, for a total transaction of $25,700.00. Following the completion of the transaction, the chief executive officer now directly owns 279,228 shares in the company, valued at approximately $2,870,463.84. The disclosure for this sale can be found here. 23.27% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of the company. Spark Investment Management LLC acquired a new position in MidSouth Bancorp during the second quarter worth about $117,000. JPMorgan Chase & Co. increased its position in MidSouth Bancorp by 88.7% in the second quarter. JPMorgan Chase & Co. now owns 15,320 shares of the company’s stock worth $154,000 after buying an additional 7,200 shares during the last quarter. C M Bidwell & Associates Ltd. acquired a new position in MidSouth Bancorp during the second quarter worth about $171,000. Royal Bank of Canada increased its position in MidSouth Bancorp by 0.6% in the first quarter. Royal Bank of Canada now owns 20,330 shares of the company’s stock worth $155,000 after buying an additional 130 shares during the last quarter. Finally, Guggenheim Capital LLC acquired a new position in MidSouth Bancorp during the second quarter worth about $226,000. 35.10% of the stock is currently owned by institutional investors.
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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