MidSouth Bancorp Inc. (MSL) Downgraded to “Hold” at Zacks Investment Research
According to Zacks, “MIDSOUTH BANCORP, INC. is a bank holding company engaged in general banking business. “
Shares of MidSouth Bancorp (NYSE:MSL) remained flat at $10.18 during trading on Friday. The stock has a market cap of $115.67 million, a PE ratio of 14.93 and a beta of 1.30. MidSouth Bancorp has a 12 month low of $6.51 and a 12 month high of $11.73. The stock’s 50 day moving average is $10.15 and its 200 day moving average is $9.85.
MidSouth Bancorp (NYSE:MSL) last released its earnings results on Wednesday, July 27th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. MidSouth Bancorp had a return on equity of 4.86% and a net margin of 8.60%. Equities research analysts forecast that MidSouth Bancorp will post $0.61 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Investors of record on Thursday, September 15th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date was Tuesday, September 13th. MidSouth Bancorp’s dividend payout ratio (DPR) is presently 52.94%.
In other MidSouth Bancorp news, CEO C R. Cloutier sold 9,161 shares of MidSouth Bancorp stock in a transaction that occurred on Wednesday, August 24th. The stock was sold at an average price of $10.05, for a total transaction of $92,068.05. Following the sale, the chief executive officer now directly owns 257,766 shares of the company’s stock, valued at $2,590,548.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO C R. Cloutier sold 2,500 shares of MidSouth Bancorp stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $10.28, for a total value of $25,700.00. Following the sale, the chief executive officer now directly owns 279,228 shares in the company, valued at $2,870,463.84. The disclosure for this sale can be found here. Corporate insiders own 23.27% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in MSL. Dimensional Fund Advisors LP increased its stake in MidSouth Bancorp by 1.5% in the second quarter. Dimensional Fund Advisors LP now owns 321,380 shares of the company’s stock worth $3,227,000 after buying an additional 4,798 shares during the last quarter. Renaissance Technologies LLC increased its stake in MidSouth Bancorp by 18.4% in the first quarter. Renaissance Technologies LLC now owns 239,665 shares of the company’s stock worth $1,829,000 after buying an additional 37,265 shares during the last quarter. Ancora Advisors LLC increased its stake in MidSouth Bancorp by 11.7% in the second quarter. Ancora Advisors LLC now owns 54,716 shares of the company’s stock worth $549,000 after buying an additional 5,716 shares during the last quarter. Bank of New York Mellon Corp increased its stake in MidSouth Bancorp by 1.8% in the second quarter. Bank of New York Mellon Corp now owns 35,884 shares of the company’s stock worth $361,000 after buying an additional 646 shares during the last quarter. Finally, Guggenheim Capital LLC bought a new stake in MidSouth Bancorp during the second quarter worth $226,000. 35.10% of the stock is currently owned by institutional investors.
About MidSouth Bancorp
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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