MidSouth Bancorp (NYSE:MSL) has been assigned an average rating of “Hold” from the eight brokerages that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $13.75.

A number of research firms recently commented on MSL. Zacks Investment Research downgraded MidSouth Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. Sandler O’Neill reaffirmed a “buy” rating and issued a $14.00 price target on shares of MidSouth Bancorp in a research note on Tuesday, September 5th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $12.00 price target on shares of MidSouth Bancorp in a research note on Wednesday, October 4th.

MidSouth Bancorp (NYSE MSL) traded down $0.15 during mid-day trading on Friday, reaching $13.70. The company had a trading volume of 56,800 shares, compared to its average volume of 60,872. MidSouth Bancorp has a fifty-two week low of $11.05 and a fifty-two week high of $16.60. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.84 and a quick ratio of 0.84.

MidSouth Bancorp (NYSE:MSL) last posted its quarterly earnings results on Tuesday, October 24th. The bank reported $0.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.01. The business had revenue of $24.30 million during the quarter, compared to the consensus estimate of $23.32 million. MidSouth Bancorp had a return on equity of 1.43% and a net margin of 0.94%. sell-side analysts predict that MidSouth Bancorp will post -0.06 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.29%. The ex-dividend date of this dividend is Thursday, December 14th. MidSouth Bancorp’s payout ratio is -22.22%.

In other MidSouth Bancorp news, Director C R. Cloutier sold 3,300 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $13.51, for a total transaction of $44,583.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Clayton Paul Hilliard sold 6,000 shares of the business’s stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $12.71, for a total value of $76,260.00. Following the transaction, the director now directly owns 113,785 shares of the company’s stock, valued at approximately $1,446,207.35. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,364 shares of company stock valued at $507,019. Insiders own 19.84% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of MSL. Ulysses Management LLC acquired a new position in MidSouth Bancorp during the second quarter worth about $2,351,000. Jacobs Asset Management LLC raised its stake in MidSouth Bancorp by 23.3% during the third quarter. Jacobs Asset Management LLC now owns 927,469 shares of the bank’s stock worth $11,176,000 after acquiring an additional 175,298 shares in the last quarter. M3F Inc. acquired a new position in MidSouth Bancorp during the second quarter worth about $1,421,000. State Street Corp acquired a new position in MidSouth Bancorp during the second quarter worth about $1,164,000. Finally, ELCO Management Co. LLC acquired a new position in MidSouth Bancorp during the second quarter worth about $950,000. 56.74% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for MidSouth Bancorp (NYSE:MSL)

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