MidSouth Bancorp (MSL) Releases Earnings Results
MidSouth Bancorp (NYSE:MSL) issued its quarterly earnings data on Tuesday. The bank reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01, Bloomberg Earnings reports. MidSouth Bancorp had a net margin of 1.69% and a return on equity of 1.73%.
MidSouth Bancorp (MSL) opened at 13.15 on Wednesday. The company’s 50 day moving average is $12.34 and its 200 day moving average is $12.63. MidSouth Bancorp has a 52-week low of $9.95 and a 52-week high of $16.60. The firm’s market cap is $217.54 million.
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A hedge fund recently bought a new stake in MidSouth Bancorp stock. California State Teachers Retirement System bought a new stake in MidSouth Bancorp (NYSE:MSL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 15,700 shares of the bank’s stock, valued at approximately $184,000. California State Teachers Retirement System owned approximately 0.09% of MidSouth Bancorp as of its most recent SEC filing. Institutional investors own 52.31% of the company’s stock.
A number of research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of MidSouth Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, October 20th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $12.00 price objective on shares of MidSouth Bancorp in a research report 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 report on Tuesday, September 5th. Finally, Stephens set a $16.00 price objective on shares of MidSouth Bancorp and gave the stock a “buy” rating in a research report on Tuesday, July 25th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $15.33.
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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