Zacks Investment Research lowered shares of MidSouth Bancorp (NYSE:MSL) from a buy rating to a hold rating in a research note released on Thursday.
According to Zacks, “MIDSOUTH BANCORP, INC. is a bank holding company engaged in general banking business. “
A number of other analysts have also commented on the company. Keefe, Bruyette & Woods reiterated a hold rating and set a $12.00 price target on shares of MidSouth Bancorp in a report on Wednesday, October 4th. Sandler O’Neill reiterated a buy rating and set a $14.00 price target on shares of MidSouth Bancorp in a report on Tuesday, September 5th. Finally, Stephens reiterated a buy rating and set a $15.00 price target on shares of MidSouth Bancorp in a report on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $15.33.
Shares of MidSouth Bancorp (NYSE MSL) opened at 13.75 on Thursday. MidSouth Bancorp has a 1-year low of $9.95 and a 1-year high of $16.60. The company’s market cap is $227.47 million. The company has a 50-day moving average price of $12.51 and a 200-day moving average price of $12.65.
MidSouth Bancorp (NYSE:MSL) last issued its quarterly earnings results on Tuesday, October 24th. The bank reported $0.07 EPS for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.01. The business had revenue of $24.30 million for the quarter, compared to analyst estimates of $23.32 million. MidSouth Bancorp had a return on equity of 1.50% and a net margin of 0.94%. Equities research analysts expect that MidSouth Bancorp will post ($0.10) earnings per share for the current fiscal year.
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The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.04 annualized dividend and a dividend yield of 0.29%. MidSouth Bancorp’s payout ratio is presently -21.05%.
Several institutional investors and hedge funds have recently modified their holdings of MSL. Thomson Horstmann & Bryant Inc. bought a new stake in shares of MidSouth Bancorp in the second quarter valued at $2,643,000. Ulysses Management LLC bought a new stake in shares of MidSouth Bancorp in the second quarter valued at $2,351,000. M3F Inc. bought a new stake in shares of MidSouth Bancorp in the second quarter valued at $1,421,000. State Street Corp bought a new stake in shares of MidSouth Bancorp in the second quarter valued at $1,164,000. Finally, Jacobs Asset Management LLC raised its stake in shares of MidSouth Bancorp by 12.8% in the second quarter. Jacobs Asset Management LLC now owns 752,171 shares of the bank’s stock valued at $8,838,000 after buying an additional 85,430 shares during the period. Hedge funds and other institutional investors own 52.31% of the company’s stock.
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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