Vanguard Group Inc. Purchases 7,844 Shares of MidSouth Bancorp (MSL)

Vanguard Group Inc. grew its holdings in MidSouth Bancorp (NYSE:MSL) by 2.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 390,598 shares of the bank’s stock after acquiring an additional 7,844 shares during the period. Vanguard Group Inc. owned 3.43% of MidSouth Bancorp worth $5,976,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Pacific Ridge Capital Partners LLC grew its stake in MidSouth Bancorp by 15.3% during the first quarter. Pacific Ridge Capital Partners LLC now owns 248,669 shares of the bank’s stock valued at $3,805,000 after acquiring an additional 32,934 shares in the last quarter. Segantii Capital Management Ltd grew its stake in shares of MidSouth Bancorp by 463.9% in the 1st quarter. Segantii Capital Management Ltd now owns 10,151 shares of the bank’s stock worth $155,000 after buying an additional 8,351 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of MidSouth Bancorp by 1.9% in the 1st quarter. Bank of New York Mellon Corp now owns 32,182 shares of the bank’s stock worth $492,000 after buying an additional 604 shares in the last quarter. Hedge funds and other institutional investors own 52.31% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This piece of content was reported by BBNS and is the property of of BBNS. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US and international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://baseballnewssource.com/markets/vanguard-group-inc-buys-7844-shares-of-midsouth-bancorp-msl/1603764.html.

Shares of MidSouth Bancorp (NYSE:MSL) traded down 0.617% during midday trading on Friday, hitting $12.075. 30,700 shares of the stock were exchanged. The firm’s market cap is $199.76 million. The firm has a 50-day moving average price of $11.56 and a 200 day moving average price of $13.07. MidSouth Bancorp has a 12-month low of $9.70 and a 12-month high of $16.60.

MidSouth Bancorp (NYSE:MSL) last posted its quarterly earnings results on Tuesday, July 25th. The bank reported ($0.38) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.44) by $0.06. MidSouth Bancorp had a return on equity of 1.73% and a net margin of 1.69%. The company had revenue of $23.47 million during the quarter, compared to the consensus estimate of $23.50 million. Analysts predict that MidSouth Bancorp will post ($0.10) earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date of this dividend is Thursday, September 14th. MidSouth Bancorp’s payout ratio is -360.00%.

MSL has been the subject of a number of recent analyst reports. Sandler O’Neill reiterated a “buy” rating and set a $14.00 price objective on shares of MidSouth Bancorp in a report on Tuesday, September 5th. Zacks Investment Research upgraded shares of MidSouth Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. TheStreet lowered shares of MidSouth Bancorp from a “b-” rating to a “c” rating in a research note on Monday, June 12th. UBS AG downgraded shares of MidSouth Bancorp to an “underperform” rating in a research report on Friday, June 9th. Finally, Stephens set a $16.00 target price on shares of MidSouth Bancorp and gave the stock a “buy” rating in a research report on Tuesday, July 25th. Two investment 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. The company currently has an average rating of “Hold” and an average price target of $16.40.

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)

Receive News & Ratings for MidSouth Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MidSouth Bancorp and related companies with our FREE daily email newsletter.

 


Latest News

Los Angeles Dodgers Waiting But Magic Number Down to One
Los Angeles Dodgers Waiting But Magic Number Down to One
Young Girl Hit by Foul Ball Rushed to Hospital
Young Girl Hit by Foul Ball Rushed to Hospital
New Home Run Record Reached in Major League Baseball
New Home Run Record Reached in Major League Baseball
Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?
Cleveland Indians Winning Streak Snapped at 22
Cleveland Indians Winning Streak Snapped at 22
Tigers Player Might Play All Nine Positions During Same Game
Tigers Player Might Play All Nine Positions During Same Game


Leave a Reply

 
© 2006-2017 BBNS.