Thomson Horstmann & Bryant Inc. Increases Holdings in MidSouth Bancorp, Inc. (MSL)

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

Other hedge funds and other institutional investors have also made changes to their positions in the company. Northern Trust Corp boosted its position in MidSouth Bancorp by 322.2% during the 2nd quarter. Northern Trust Corp now owns 95,568 shares of the bank’s stock worth $1,123,000 after acquiring an additional 72,930 shares during the period. Vanguard Group Inc. boosted its position in MidSouth Bancorp by 17.0% during the 2nd quarter. Vanguard Group Inc. now owns 457,161 shares of the bank’s stock worth $5,372,000 after acquiring an additional 66,563 shares during the period. Bank of New York Mellon Corp boosted its position in MidSouth Bancorp by 73.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 55,665 shares of the bank’s stock worth $654,000 after acquiring an additional 23,483 shares during the period. Schneider Capital Management Corp acquired a new stake in MidSouth Bancorp during the 2nd quarter worth about $786,000. Finally, TIAA CREF Investment Management LLC boosted its position in MidSouth Bancorp by 140.0% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 23,762 shares of the bank’s stock worth $279,000 after acquiring an additional 13,862 shares during the period. Hedge funds and other institutional investors own 56.74% of the company’s stock.

Shares of MidSouth Bancorp, Inc. (NYSE MSL) opened at $14.55 on Thursday. MidSouth Bancorp, Inc. has a one year low of $11.05 and a one year high of $16.60. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market capitalization of $240.79, a PE ratio of -80.83 and a beta of 1.09.

MidSouth Bancorp (NYSE:MSL) last posted its quarterly earnings results on Tuesday, October 24th. The bank reported $0.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.01. MidSouth Bancorp had a return on equity of 1.43% and a net margin of 0.94%. The company had revenue of $24.30 million during the quarter, compared to the consensus estimate of $23.32 million. equities research analysts anticipate that MidSouth Bancorp, Inc. will post -0.08 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date of this dividend was Thursday, December 14th. MidSouth Bancorp’s dividend payout ratio (DPR) is presently -22.22%.

In other news, Director C R. Cloutier sold 8,124 shares of the firm’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $13.77, for a total transaction of $111,867.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Clayton Paul Hilliard sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $12.90, for a total value of $64,500.00. Following the sale, the director now directly owns 129,785 shares of the company’s stock, valued at $1,674,226.50. The disclosure for this sale can be found here. Insiders have sold a total of 38,364 shares of company stock valued at $507,019 over the last ninety days. Company insiders own 19.84% of the company’s stock.

A number of equities research analysts have commented on the company. Zacks Investment Research lowered MidSouth Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. Keefe, Bruyette & Woods restated a “hold” rating and set a $12.00 price objective on shares of MidSouth Bancorp in a research report on Wednesday, October 4th. Finally, ValuEngine downgraded MidSouth Bancorp from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Four equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $14.00.

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

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