Shares of MidSouth Bancorp, Inc. (NYSE:MSL) have been given a consensus recommendation of “Hold” by the nine ratings firms that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $14.00.
A number of research analysts have issued reports on MSL shares. ValuEngine downgraded shares of MidSouth Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, December 22nd. Zacks Investment Research downgraded shares of MidSouth Bancorp from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Finally, 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.
Shares of MidSouth Bancorp (MSL) traded up $0.25 during trading on Friday, reaching $13.35. 39,736 shares of the company’s stock were exchanged, compared to its average volume of 49,971. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.11. The stock has a market cap of $220.93, a P/E ratio of -13.35 and a beta of 1.28. MidSouth Bancorp has a fifty-two week low of $11.05 and a fifty-two week high of $16.60.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Thursday, March 15th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date of this dividend is Wednesday, March 14th. MidSouth Bancorp’s dividend payout ratio is presently -4.00%.
In other news, Director Andrew G. Hargroder sold 3,000 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $14.00, for a total value of $42,000.00. Following the sale, the director now directly owns 194,142 shares of the company’s stock, valued at approximately $2,717,988. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Clayton Paul Hilliard sold 5,000 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $12.96, for a total transaction of $64,800.00. Following the completion of the sale, the director now directly owns 82,485 shares in the company, valued at $1,069,005.60. The disclosure for this sale can be found here. Insiders sold a total of 26,000 shares of company stock worth $345,185 over the last ninety days. Insiders own 19.84% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in shares of MidSouth Bancorp by 62.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 27,646 shares of the bank’s stock worth $340,000 after buying an additional 10,576 shares during the period. Northern Trust Corp grew its position in shares of MidSouth Bancorp by 322.2% in the 2nd quarter. Northern Trust Corp now owns 95,568 shares of the bank’s stock worth $1,123,000 after buying an additional 72,930 shares during the period. Vanguard Group Inc. grew its position in shares of MidSouth Bancorp by 17.0% in the 2nd quarter. Vanguard Group Inc. now owns 457,161 shares of the bank’s stock worth $5,372,000 after buying an additional 66,563 shares during the period. Pacific Ridge Capital Partners LLC grew its position in shares of MidSouth Bancorp by 3.2% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 240,953 shares of the bank’s stock worth $3,193,000 after buying an additional 7,440 shares during the period. Finally, California State Teachers Retirement System grew its position in shares of MidSouth Bancorp by 50.3% in the 3rd quarter. California State Teachers Retirement System now owns 23,600 shares of the bank’s stock worth $284,000 after buying an additional 7,900 shares during the period. 58.11% of the stock is currently owned by hedge funds and other institutional investors.
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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