MidSouth Bancorp, Inc. (MSL) Lifted to B- at TheStreet
MidSouth Bancorp, Inc. (NYSE:MSL) was upgraded by analysts at TheStreet from a “c+” rating to a “b-” rating in a research note issued on Wednesday.
A number of other analysts have also recently commented on MSL. Zacks Investment Research cut MidSouth Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, May 3rd. Stephens restated a “hold” rating on shares of MidSouth Bancorp in a research report on Thursday, April 27th. Finally, Hovde Group upgraded MidSouth Bancorp from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $11.25 to $17.00 in a research report on Monday, February 6th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $18.67.
MidSouth Bancorp (NYSE:MSL) remained flat at $14.05 during midday trading on Wednesday. 8,515 shares of the stock traded hands. The firm’s 50 day moving average is $14.67 and its 200-day moving average is $13.73. The company has a market capitalization of $159.93 million, a PE ratio of 25.09 and a beta of 1.11. MidSouth Bancorp has a one year low of $9.05 and a one year high of $16.60.
MidSouth Bancorp (NYSE:MSL) last announced its quarterly earnings results on Thursday, April 27th. The bank reported $0.15 earnings per share for the quarter, meeting the consensus estimate of $0.15. The company had revenue of $23.11 million during the quarter, compared to analysts’ expectations of $22.90 million. MidSouth Bancorp had a return on equity of 4.90% and a net margin of 8.79%. Equities research analysts anticipate that MidSouth Bancorp will post $0.64 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 3rd. Stockholders of record on Thursday, June 15th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date is Tuesday, June 13th. MidSouth Bancorp’s dividend payout ratio (DPR) is presently 62.07%.
In other news, Director Clayton Paul Hilliard sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, February 23rd. The stock was sold at an average price of $14.73, for a total value of $29,460.00. Following the completion of the sale, the director now directly owns 146,149 shares in the company, valued at $2,152,774.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 5,200 shares of company stock valued at $75,836 over the last 90 days. Company insiders own 23.27% of the company’s stock.
Hedge funds have recently modified their holdings of the company. Pacific Ridge Capital Partners LLC boosted its stake in shares of MidSouth Bancorp by 61.6% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 185,640 shares of the bank’s stock valued at $1,686,000 after buying an additional 70,780 shares during the last quarter. LSV Asset Management boosted its stake in shares of MidSouth Bancorp by 51.6% in the fourth quarter. LSV Asset Management now owns 308,962 shares of the bank’s stock valued at $2,805,000 after buying an additional 105,162 shares during the last quarter. Federated Investors Inc. PA boosted its stake in shares of MidSouth Bancorp by 68.0% in the fourth quarter. Federated Investors Inc. PA now owns 29,922 shares of the bank’s stock valued at $407,000 after buying an additional 12,115 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of MidSouth Bancorp by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 326,313 shares of the bank’s stock valued at $4,438,000 after buying an additional 4,933 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of MidSouth Bancorp by 17.8% in the fourth quarter. Renaissance Technologies LLC now owns 292,400 shares of the bank’s stock valued at $3,977,000 after buying an additional 44,200 shares during the last quarter. Hedge funds and other institutional investors own 35.38% of the company’s stock.
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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