MidSouth Bancorp (MSL) Raised to “Hold” at ValuEngine

MidSouth Bancorp (NYSE:MSL) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of MidSouth Bancorp from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Wednesday, January 31st. Hovde Group cut shares of MidSouth Bancorp from an “outperform” rating to a “market perform” rating and set a $15.00 price target on the stock. in a report on Wednesday, January 31st. Finally, FIG Partners raised shares of MidSouth Bancorp from a “market perform” rating to an “outperform” rating in a report on Monday, April 2nd. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $14.60.

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NYSE:MSL opened at $13.15 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $218.45, a P/E ratio of -48.70 and a beta of 1.22. MidSouth Bancorp has a 12 month low of $11.05 and a 12 month high of $16.60.

MidSouth Bancorp (NYSE:MSL) last posted its quarterly earnings results on Tuesday, January 30th. The bank reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.22). The company had revenue of $25.50 million during the quarter, compared to the consensus estimate of $23.71 million. MidSouth Bancorp had a negative return on equity of 0.46% and a negative net margin of 11.48%. sell-side analysts expect that MidSouth Bancorp will post -0.1 EPS for the current year.

In other MidSouth Bancorp news, Director Andrew G. Hargroder sold 3,000 shares of the business’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $14.00, for a total transaction of $42,000.00. Following the sale, the director now owns 194,142 shares of the company’s stock, valued at approximately $2,717,988. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director C R. Cloutier sold 5,000 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $14.28, for a total transaction of $71,400.00. Following the sale, the director now directly owns 211,142 shares in the company, valued at approximately $3,015,107.76. The disclosure for this sale can be found here. Insiders have sold a total of 26,000 shares of company stock worth $345,185 in the last three months. Insiders own 19.84% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Rhumbline Advisers bought a new stake in MidSouth Bancorp during the 3rd quarter valued at $123,000. California State Teachers Retirement System bought a new stake in MidSouth Bancorp during the 2nd quarter valued at $184,000. Wells Fargo & Company MN raised its holdings in MidSouth Bancorp by 490.7% during the 4th quarter. Wells Fargo & Company MN now owns 24,294 shares of the bank’s stock valued at $322,000 after acquiring an additional 20,181 shares during the period. JPMorgan Chase & Co. raised its holdings in MidSouth Bancorp by 62.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 27,646 shares of the bank’s stock valued at $340,000 after acquiring an additional 10,576 shares during the period. Finally, TIAA CREF Investment Management LLC raised its holdings in MidSouth Bancorp by 31.1% during the 4th quarter. TIAA CREF Investment Management LLC now owns 32,260 shares of the bank’s stock valued at $427,000 after acquiring an additional 7,654 shares during the period. 58.11% of the stock is currently owned by institutional investors and hedge funds.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for MidSouth Bancorp (NYSE:MSL)

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