MidSouth Bancorp, Inc. (NYSE:MSL) Director Andrew G. Hargroder sold 3,000 shares of MidSouth Bancorp stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $14.00, for a total value of $42,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of MidSouth Bancorp, Inc. (MSL) traded down $0.95 during trading hours on Monday, hitting $13.35. The company had a trading volume of 162,675 shares, compared to its average volume of 50,407. The stock has a market cap of $236.65, a P/E ratio of -13.75 and a beta of 1.21. 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, Inc. has a 1-year low of $11.05 and a 1-year high of $16.60.
MidSouth Bancorp (NYSE:MSL) last announced its earnings results on Tuesday, January 30th. The bank reported ($0.15) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.22). The company had revenue of $25.50 million for the quarter, compared to analysts’ expectations of $23.71 million. MidSouth Bancorp had a negative net margin of 11.48% and a negative return on equity of 0.46%. equities research analysts expect that MidSouth Bancorp, Inc. will post 0.73 EPS for the current year.
Several equities analysts have recently weighed in on the company. Zacks Investment Research lowered MidSouth Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday. Hovde Group lowered MidSouth Bancorp from an “outperform” rating to a “market perform” rating and set a $15.00 price objective on the stock. in a research note on Wednesday, January 31st. Finally, ValuEngine lowered MidSouth Bancorp from a “hold” rating to a “sell” rating in a research note on Friday. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $14.60.
Large investors have recently made changes to their positions in the stock. New York State Common Retirement Fund purchased a new stake in shares of MidSouth Bancorp during the 2nd quarter valued at about $112,000. Rhumbline Advisers purchased a new stake in shares of MidSouth Bancorp during the 3rd quarter valued at about $123,000. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of MidSouth Bancorp during the 3rd quarter valued at about $136,000. California State Teachers Retirement System purchased a new stake in shares of MidSouth Bancorp during the 2nd quarter valued at about $184,000. Finally, Schwab Charles Investment Management Inc. purchased a new stake in shares of MidSouth Bancorp during the 2nd quarter valued at about $191,000. Institutional investors and hedge funds own 56.20% of the company’s stock.
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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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