Shares of MidSouth Bancorp, Inc. (NYSE:MSL) have earned an average recommendation of “Hold” from the nine brokerages that are presently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a sell rating, one has assigned 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.

MSL has been the subject of several analyst reports. Keefe, Bruyette & Woods restated a “hold” rating and set a $12.00 target price on shares of MidSouth Bancorp in a research report on Wednesday, October 4th. Zacks Investment Research upgraded 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, ValuEngine downgraded MidSouth Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, December 22nd.

In related news, Director C R. Cloutier sold 6,700 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $13.51, for a total transaction of $90,517.00. Following the completion of the sale, the director now directly owns 220,342 shares of the company’s stock, valued at approximately $2,976,820.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director C R. Cloutier sold 8,124 shares of the firm’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $13.77, for a total value of $111,867.48. The disclosure for this sale can be found here. Insiders have sold a total of 38,364 shares of company stock valued at $507,019 in the last 90 days. 19.84% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Northern Trust Corp increased its holdings in MidSouth Bancorp by 322.2% during the 2nd quarter. Northern Trust Corp now owns 95,568 shares of the bank’s stock valued at $1,123,000 after purchasing an additional 72,930 shares in the last quarter. Vanguard Group Inc. increased its holdings in MidSouth Bancorp by 17.0% during the 2nd quarter. Vanguard Group Inc. now owns 457,161 shares of the bank’s stock valued at $5,372,000 after purchasing an additional 66,563 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in MidSouth Bancorp by 73.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 55,665 shares of the bank’s stock valued at $654,000 after purchasing an additional 23,483 shares in the last quarter. Schneider Capital Management Corp acquired a new stake in MidSouth Bancorp during the 2nd quarter valued at $786,000. Finally, TIAA CREF Investment Management LLC increased its holdings in MidSouth Bancorp by 140.0% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 23,762 shares of the bank’s stock valued at $279,000 after purchasing an additional 13,862 shares in the last quarter. 56.74% of the stock is owned by hedge funds and other institutional investors.

Shares of MidSouth Bancorp (NYSE MSL) traded down $0.15 during mid-day trading on Friday, hitting $15.05. The company’s stock had a trading volume of 81,189 shares, compared to its average volume of 41,919. 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 has a 52 week low of $11.05 and a 52 week high of $16.60. The company has a market cap of $251.54, a P/E ratio of -79.21 and a beta of 1.09.

MidSouth Bancorp (NYSE:MSL) last announced its quarterly earnings data on Tuesday, October 24th. The bank reported $0.07 EPS for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.01. MidSouth Bancorp had a return on equity of 1.43% and a net margin of 0.94%. The company had revenue of $24.30 million during the quarter, compared to the consensus estimate of $23.32 million. equities analysts expect that MidSouth Bancorp will post -0.09 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 15th were given a dividend of $0.01 per share. The ex-dividend date was Thursday, December 14th. This represents a $0.04 annualized dividend and a dividend yield of 0.27%. MidSouth Bancorp’s dividend payout ratio (DPR) is presently -21.05%.

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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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