News coverage about MidSouth Bancorp (NYSE:MSL) has trended somewhat positive this week, according to Accern. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. MidSouth Bancorp earned a news impact score of 0.01 on Accern’s scale. Accern also assigned media stories about the bank an impact score of 45.5026211852071 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- MidSouth Bancorp (MSL) Upgraded by Zacks Investment Research to Buy (americanbankingnews.com)
- MidSouth Bancorp, Inc. (MSL) Receives Consensus Rating of “Hold” from Brokerages (americanbankingnews.com)
- MidSouth Bancorp (MSL) Downgraded by Zacks Investment Research to “Hold” (americanbankingnews.com)
- Zacks Investment Research Upgrades MidSouth Bancorp (MSL) to “Hold” (americanbankingnews.com)
- MidSouth Bancorp (MSL) Stock Rating Lowered by ValuEngine (americanbankingnews.com)
A number of research analysts have recently weighed in on MSL shares. Hovde Group cut shares of MidSouth Bancorp from an “outperform” rating to a “market perform” rating and set a $15.00 price objective for the company. in a research note on Wednesday, January 31st. Zacks Investment Research raised shares of MidSouth Bancorp from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research note on Wednesday, January 31st. ValuEngine cut shares of MidSouth Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Finally, FIG Partners raised shares of MidSouth Bancorp from a “market perform” rating to an “outperform” rating in a research note on Monday. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $14.60.
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 firm had revenue of $25.50 million during the quarter, compared to analysts’ expectations of $23.71 million. MidSouth Bancorp had a negative return on equity of 0.46% and a negative net margin of 11.48%. equities analysts expect that MidSouth Bancorp will post 0.81 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th were paid a $0.01 dividend. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $0.04 annualized dividend and a yield of 0.30%. MidSouth Bancorp’s payout ratio is currently -14.81%.
In other 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 completion of the sale, the director now directly owns 194,142 shares of the company’s stock, valued at approximately $2,717,988. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Clayton Paul Hilliard sold 5,000 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $12.96, for a total transaction of $64,800.00. Following the sale, the director now directly owns 82,485 shares of the company’s stock, 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 valued at $345,185 over the last ninety days. 19.84% of the stock is owned by corporate insiders.
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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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