Thomson Horstmann & Bryant Inc. Acquires 224,019 Shares of MidSouth Bancorp, Inc. (NYSE:MSL)

Thomson Horstmann & Bryant Inc. grew its holdings in shares of MidSouth Bancorp, Inc. (NYSE:MSL) by 101.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 444,578 shares of the bank’s stock after purchasing an additional 224,019 shares during the period. Thomson Horstmann & Bryant Inc. owned approximately 2.69% of MidSouth Bancorp worth $5,890,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. New York State Common Retirement Fund acquired a new position in MidSouth Bancorp during the 2nd quarter worth approximately $112,000. Rhumbline Advisers acquired a new position in MidSouth Bancorp during the 3rd quarter worth approximately $123,000. Hotchkis & Wiley Capital Management LLC acquired a new position in MidSouth Bancorp during the 3rd quarter worth approximately $136,000. MML Investors Services LLC boosted its stake in shares of MidSouth Bancorp by 16.9% during the 2nd quarter. MML Investors Services LLC now owns 15,205 shares of the bank’s stock worth $179,000 after acquiring an additional 2,197 shares in the last quarter. Finally, California State Teachers Retirement System purchased a new stake in shares of MidSouth Bancorp during the 2nd quarter worth approximately $184,000. Institutional investors own 56.74% of the company’s stock.

In related news, Director Clayton Paul Hilliard sold 6,000 shares of the stock in a transaction on Friday, November 24th. The stock was sold at an average price of $12.71, for a total value of $76,260.00. Following the completion of the sale, the director now directly owns 113,785 shares in the company, valued at approximately $1,446,207.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director C R. Cloutier sold 8,124 shares of the stock in a transaction on Friday, October 27th. The shares were sold at an average price of $13.77, for a total value of $111,867.48. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,364 shares of company stock valued at $507,019. Insiders own 19.84% of the company’s stock.

MSL has been the topic of several research analyst reports. Zacks Investment Research raised MidSouth Bancorp from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Wednesday, October 18th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $12.00 target price on shares of MidSouth Bancorp in a research note on Wednesday, October 4th. Finally, ValuEngine lowered MidSouth Bancorp from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Four investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. MidSouth Bancorp presently has an average rating of “Hold” and an average target price of $14.00.

MidSouth Bancorp, Inc. (MSL) opened at $15.00 on Thursday. MidSouth Bancorp, Inc. has a 52 week low of $11.05 and a 52 week high of $16.60. The firm has a market capitalization of $247.40, a price-to-earnings ratio of -78.95 and a beta of 1.09. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.11.

MidSouth Bancorp (NYSE:MSL) last issued its quarterly earnings results on Tuesday, October 24th. The bank reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. The company 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 1.43% and a net margin of 0.94%. sell-side analysts expect that MidSouth Bancorp, Inc. will post -0.09 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.27%. MidSouth Bancorp’s payout ratio is -21.05%.

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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.

Institutional Ownership by Quarter for MidSouth Bancorp (NYSE:MSL)

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