MidSouth Bancorp (MSL) Receives Consensus Rating of “Hold” from Analysts
Shares of MidSouth Bancorp (NYSE:MSL) have been assigned a consensus rating of “Hold” from the eight ratings firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $13.75.
MSL has been the topic of a number of research reports. Hovde Group reduced their target price on shares of MidSouth Bancorp from $16.00 to $14.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 14th. Sandler O’Neill reissued a “buy” rating and set a $14.00 price objective on shares of MidSouth Bancorp in a report on Tuesday, September 5th. Stephens reissued a “buy” rating and set a $15.00 price objective on shares of MidSouth Bancorp in a report on Wednesday, August 2nd. Zacks Investment Research raised shares of MidSouth Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $12.00 price objective on shares of MidSouth Bancorp in a report on Wednesday, October 4th.
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MidSouth Bancorp (NYSE MSL) remained flat at $12.80 during mid-day trading on Thursday. 10,139 shares of the company were exchanged. The stock’s 50 day moving average price is $12.08 and its 200 day moving average price is $12.77. MidSouth Bancorp has a 52-week low of $9.95 and a 52-week high of $16.60. The stock’s market cap is $211.75 million.
MidSouth Bancorp (NYSE:MSL) last issued its earnings results on Tuesday, July 25th. The bank reported ($0.38) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.44) by $0.06. The business had revenue of $23.47 million for the quarter, compared to analyst estimates of $23.50 million. MidSouth Bancorp had a net margin of 1.69% and a return on equity of 1.73%. On average, equities analysts predict that MidSouth Bancorp will post ($0.10) earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 15th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.31%. The ex-dividend date was Thursday, September 14th. MidSouth Bancorp’s payout ratio is -40.00%.
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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