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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A number of hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp increased its holdings in MidSouth Bancorp by 1.9% during the first quarter. Bank of New York Mellon Corp now owns 32,182 shares of the bank’s stock valued at $492,000 after buying an additional 604 shares during the period. MML Investors Services LLC increased its holdings in MidSouth Bancorp by 16.9% during the second quarter. MML Investors Services LLC now owns 15,205 shares of the bank’s stock valued at $179,000 after buying an additional 2,197 shares during the period. Naples Global Advisors LLC increased its holdings in MidSouth Bancorp by 15.0% during the second quarter. Naples Global Advisors LLC now owns 24,550 shares of the bank’s stock valued at $288,000 after buying an additional 3,200 shares during the period. Spark Investment Management LLC increased its holdings in MidSouth Bancorp by 32.5% during the second quarter. Spark Investment Management LLC now owns 15,100 shares of the bank’s stock valued at $177,000 after buying an additional 3,700 shares during the period. Finally, Eagle Global Advisors LLC increased its holdings in MidSouth Bancorp by 24.6% during the second quarter. Eagle Global Advisors LLC now owns 19,297 shares of the bank’s stock valued at $227,000 after buying an additional 3,808 shares during the period. 52.31% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for MidSouth Bancorp (NYSE:MSL)

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