James R. Mclemore, Jr. Purchases 1,000 Shares of MidSouth Bancorp, Inc. (MSL) Stock

MidSouth Bancorp, Inc. (NYSE:MSL) CEO James R. Mclemore, Jr. acquired 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was purchased at an average price of $13.15 per share, for a total transaction of $13,150.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

MidSouth Bancorp, Inc. (NYSE MSL) traded down $0.30 during trading on Tuesday, reaching $13.05. 106,087 shares of the company’s stock traded hands, compared to its average volume of 52,631. The firm has a market cap of $236.65, a PE ratio of -13.35 and a beta of 1.21. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.84 and a current ratio of 0.84. MidSouth Bancorp, Inc. has a 52-week low of $11.05 and a 52-week high of $16.60.

MidSouth Bancorp (NYSE:MSL) last released its earnings results on Tuesday, January 30th. The bank reported ($0.15) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.22). The company had revenue of $25.50 million for the quarter, compared to analyst estimates of $23.71 million. MidSouth Bancorp had a negative net margin of 11.48% and a negative return on equity of 0.46%. equities research analysts anticipate that MidSouth Bancorp, Inc. will post 0.73 earnings per share for the current year.

Several brokerages recently weighed in on MSL. Hovde Group downgraded shares of MidSouth Bancorp from an “outperform” rating to a “market perform” rating and set a $15.00 price objective on the stock. in a research report on Wednesday, January 31st. Zacks Investment Research downgraded shares of MidSouth Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. Finally, ValuEngine downgraded shares of MidSouth Bancorp from a “hold” rating to a “sell” rating in a research report on Friday. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. MidSouth Bancorp has a consensus rating of “Hold” and an average target price of $14.60.

A number of institutional investors have recently added to or reduced their stakes in the business. Jacobs Asset Management LLC increased its stake in MidSouth Bancorp by 23.3% during the 3rd quarter. Jacobs Asset Management LLC now owns 927,469 shares of the bank’s stock valued at $11,176,000 after buying an additional 175,298 shares during the period. Dimensional Fund Advisors LP increased its stake in MidSouth Bancorp by 20.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 462,071 shares of the bank’s stock valued at $5,568,000 after buying an additional 78,227 shares during the period. Vanguard Group Inc. increased its stake 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 buying an additional 66,563 shares during the period. Thomson Horstmann & Bryant Inc. increased its stake in MidSouth Bancorp by 101.6% during the 4th quarter. Thomson Horstmann & Bryant Inc. now owns 444,578 shares of the bank’s stock valued at $5,890,000 after buying an additional 224,019 shares during the period. Finally, Salzhauer Michael increased its stake in MidSouth Bancorp by 12.3% during the 3rd quarter. Salzhauer Michael now owns 142,570 shares of the bank’s stock valued at $1,718,000 after buying an additional 15,605 shares during the period. 56.20% of the stock is currently 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.

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