Insider Selling: MidSouth Bancorp (MSL) Director Sells 8,124 Shares of Stock
MidSouth Bancorp (NYSE:MSL) Director C R. Cloutier sold 8,124 shares of the company’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $13.77, for a total transaction of $111,867.48. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of MidSouth Bancorp (NYSE:MSL) traded down 2.364% on Monday, hitting $13.425. 33,685 shares of the stock traded hands. The firm’s market cap is $222.09 million. MidSouth Bancorp has a 52 week low of $9.95 and a 52 week high of $16.60. The stock has a 50-day moving average price of $12.51 and a 200 day moving average price of $12.65.
MidSouth Bancorp (NYSE:MSL) last posted its quarterly earnings data on Tuesday, October 24th. The bank reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. MidSouth Bancorp had a net margin of 0.94% and a return on equity of 1.50%. The company had revenue of $24.30 million during the quarter, compared to the consensus estimate of $23.32 million. Equities research analysts predict that MidSouth Bancorp will post ($0.10) EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.29%. The ex-dividend date is Thursday, December 14th. MidSouth Bancorp’s dividend payout ratio is presently -21.05%.
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MSL has been the subject of several research analyst reports. Stephens reiterated a “buy” rating and set a $15.00 price target on shares of MidSouth Bancorp in a report on Wednesday, August 2nd. Sandler O’Neill reiterated a “buy” rating and set a $14.00 price target on shares of MidSouth Bancorp in a report on Tuesday, September 5th. Zacks Investment Research upgraded shares of MidSouth Bancorp from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a report on Wednesday, October 18th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $12.00 price target on shares of MidSouth Bancorp in a report on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $15.33.
A number of institutional investors have recently bought and sold shares of the business. First Manhattan Co. lifted its stake in MidSouth Bancorp by 49.0% in the third quarter. First Manhattan Co. now owns 22,500 shares of the bank’s stock worth $271,000 after purchasing an additional 7,400 shares during the last quarter. Schneider Capital Management Corp bought a new stake in MidSouth Bancorp in the second quarter worth $786,000. California State Teachers Retirement System bought a new stake in MidSouth Bancorp in the second quarter worth $184,000. State Street Corp bought a new stake in MidSouth Bancorp in the second quarter worth $1,164,000. Finally, Ulysses Management LLC bought a new stake in MidSouth Bancorp in the second quarter worth $2,351,000. 52.29% of the stock is owned by institutional investors and hedge funds.
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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