MidSouth Bancorp, Inc. (NYSE:MSL) has been assigned an average recommendation of “Hold” from the six ratings firms that are presently covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation. The average 12 month target price among analysts that have issued a report on the stock in the last year is $15.00.
A number of research firms recently weighed in on MSL. Zacks Investment Research upgraded shares of MidSouth Bancorp from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Thursday, October 11th. ValuEngine lowered shares of MidSouth Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Raymond James restated a “hold” rating on shares of MidSouth Bancorp in a research report on Monday, December 3rd. Finally, FIG Partners lowered shares of MidSouth Bancorp from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 29th.
Shares of NYSE MSL traded up $0.04 during trading on Friday, hitting $11.07. The company had a trading volume of 1,082 shares, compared to its average volume of 22,121. MidSouth Bancorp has a fifty-two week low of $10.07 and a fifty-two week high of $16.15. The firm has a market cap of $185.22 million, a price-to-earnings ratio of -40.63 and a beta of 1.45.
MidSouth Bancorp (NYSE:MSL) last posted its quarterly earnings results on Tuesday, October 30th. The bank reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.08. The firm had revenue of $21.56 million for the quarter, compared to analyst estimates of $21.52 million. MidSouth Bancorp had a negative net margin of 16.04% and a positive return on equity of 2.32%. Equities analysts expect that MidSouth Bancorp will post 0.09 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 2nd. Shareholders of record on Monday, December 17th were issued a $0.01 dividend. The ex-dividend date was Thursday, December 13th. This represents a $0.04 annualized dividend and a yield of 0.36%. MidSouth Bancorp’s payout ratio is -14.81%.
A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc lifted its holdings in MidSouth Bancorp by 0.6% in the third quarter. Vanguard Group Inc now owns 631,113 shares of the bank’s stock worth $9,720,000 after purchasing an additional 3,773 shares during the period. Citadel Advisors LLC acquired a new stake in MidSouth Bancorp in the third quarter worth about $185,000. Bridgeway Capital Management Inc. lifted its holdings in MidSouth Bancorp by 25.4% in the third quarter. Bridgeway Capital Management Inc. now owns 123,412 shares of the bank’s stock worth $1,901,000 after purchasing an additional 25,000 shares during the period. BlackRock Inc. lifted its holdings in MidSouth Bancorp by 3.2% in the third quarter. BlackRock Inc. now owns 818,494 shares of the bank’s stock worth $12,605,000 after purchasing an additional 25,155 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in MidSouth Bancorp by 8.3% in the second quarter. Renaissance Technologies LLC now owns 356,600 shares of the bank’s stock worth $4,725,000 after purchasing an additional 27,400 shares during the period. Institutional investors own 70.27% of the company’s stock.
MidSouth Bancorp Company Profile
MidSouth Bancorp, Inc, a bank holding company, through its subsidiary MidSouth Bank, N.A., provides various community banking products and services to commercial and retail customers in the United States. The company offers various deposit products, including interest-bearing and noninterest-bearing checking accounts, money market, savings accounts, investment accounts, and NOW account deposits, as well as time deposits, such as certificates of deposits; and commercial and industrial, commercial real estate, and consumer loans, as well as other loans secured by real estate.
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