Insider Selling: MidSouth Bancorp (MSL) Director Sells 1,600 Shares of Stock
MidSouth Bancorp (NYSE:MSL) Director C R. Cloutier sold 1,600 shares of the business’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $12.90, for a total transaction of $20,640.00. Following the sale, the director now directly owns 218,742 shares of the company’s stock, valued at $2,821,771.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
C R. Cloutier also recently made the following trade(s):
- On Friday, November 3rd, C R. Cloutier sold 3,300 shares of MidSouth Bancorp stock. The stock was sold at an average price of $13.51, for a total transaction of $44,583.00.
- On Friday, October 27th, C R. Cloutier sold 8,124 shares of MidSouth Bancorp stock. The stock was sold at an average price of $13.77, for a total transaction of $111,867.48.
Shares of MidSouth Bancorp (NYSE:MSL) traded up $0.35 during mid-day trading on Monday, reaching $12.90. 80,300 shares of the company’s stock were exchanged, compared to its average volume of 60,581. MidSouth Bancorp has a twelve month low of $10.25 and a twelve month high of $16.60. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.11.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date of this dividend is Thursday, December 14th. MidSouth Bancorp’s payout ratio is -22.22%.
A number of hedge funds have recently modified their holdings of MSL. New York State Common Retirement Fund bought a new stake in MidSouth Bancorp in the 2nd quarter worth about $112,000. Rhumbline Advisers bought a new stake in MidSouth Bancorp in the 3rd quarter worth about $123,000. Hotchkis & Wiley Capital Management LLC bought a new stake in MidSouth Bancorp in the 3rd quarter worth about $136,000. First Manhattan Co. bought a new stake in MidSouth Bancorp in the 2nd quarter worth about $177,000. Finally, Spark Investment Management LLC grew its position in MidSouth Bancorp by 32.5% in the 2nd quarter. Spark Investment Management LLC now owns 15,100 shares of the bank’s stock worth $177,000 after purchasing an additional 3,700 shares in the last quarter. 50.91% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have recently commented on MSL shares. Sandler O’Neill reissued a “buy” rating and set a $14.00 target price on shares of MidSouth Bancorp in a research report on Tuesday, September 5th. Stephens reissued a “buy” rating and set a $15.00 target price on shares of MidSouth Bancorp in a research report on Wednesday, August 2nd. Zacks Investment Research raised shares of MidSouth Bancorp from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a research report on Wednesday, October 25th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $12.00 target price on shares of MidSouth Bancorp in a research report on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. MidSouth Bancorp has a consensus rating of “Hold” and a consensus price target of $15.33.
MidSouth Bancorp Company Profile
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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