MidSouth Bancorp (NYSE:MSL) Director C R. Cloutier sold 1,600 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $12.90, for a total transaction of $20,640.00. Following the transaction, the director now owns 218,742 shares of the company’s stock, valued at $2,821,771.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
C R. Cloutier also recently made the following trade(s):
- On Friday, November 3rd, C R. Cloutier sold 3,300 shares of MidSouth Bancorp stock. The shares were sold at an average price of $13.51, for a total transaction of $44,583.00.
- On Friday, October 27th, C R. Cloutier sold 8,124 shares of MidSouth Bancorp stock. The shares were sold at an average price of $13.77, for a total transaction of $111,867.48.
MidSouth Bancorp (MSL) opened at $12.70 on Tuesday. MidSouth Bancorp has a fifty-two week low of $10.25 and a fifty-two week high of $16.60. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.82 and a quick ratio of 0.82.
MidSouth Bancorp (NYSE:MSL) last released its quarterly earnings data on Tuesday, October 24th. The bank reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. The company had revenue of $24.30 million during the quarter, compared to analysts’ expectations of $23.32 million. MidSouth Bancorp had a net margin of 0.94% and a return on equity of 1.50%. equities research analysts expect that MidSouth Bancorp will post -0.06 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.31%. MidSouth Bancorp’s dividend payout ratio is currently -21.05%.
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MSL has been the subject of a number of recent analyst reports. Stephens set a $16.00 price objective on shares of MidSouth Bancorp and gave the company a “buy” rating in a report on Tuesday, July 25th. Zacks Investment Research raised shares of MidSouth Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Sandler O’Neill reaffirmed a “buy” rating and issued a $14.00 price objective on shares of MidSouth Bancorp in a report on Tuesday, September 5th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $12.00 price objective on shares of MidSouth Bancorp in a report on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $15.33.
Several hedge funds have recently added to or reduced their stakes in the company. Jacobs Asset Management LLC increased its stake in shares of MidSouth Bancorp by 23.3% during the third quarter. Jacobs Asset Management LLC now owns 927,469 shares of the bank’s stock worth $11,176,000 after purchasing an additional 175,298 shares in the last quarter. California State Teachers Retirement System increased its stake in shares of MidSouth Bancorp by 50.3% during the third quarter. California State Teachers Retirement System now owns 23,600 shares of the bank’s stock worth $284,000 after purchasing an additional 7,900 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of MidSouth Bancorp by 20.4% during the third quarter. Dimensional Fund Advisors LP now owns 462,071 shares of the bank’s stock worth $5,568,000 after purchasing an additional 78,227 shares in the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of MidSouth Bancorp during the third quarter worth about $136,000. Finally, Salzhauer Michael increased its stake in shares of MidSouth Bancorp by 12.3% during the third quarter. Salzhauer Michael now owns 142,570 shares of the bank’s stock worth $1,718,000 after purchasing an additional 15,605 shares in the last quarter. 50.91% of the stock is owned by institutional investors and hedge funds.
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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