MidSouth Bancorp Inc. (NYSE:MSL) shares gapped up before the market opened on Monday . The stock had previously closed at $10.47, but opened at $10.53. MidSouth Bancorp shares last traded at $10.92, with a volume of 17,785 shares traded.

Several brokerages have recently weighed in on MSL. Zacks Investment Research downgraded MidSouth Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, July 6th. Raymond James Financial Inc. raised MidSouth Bancorp from a “market perform” rating to a “strong-buy” rating in a research note on Monday, May 9th. Finally, Hovde Group upped their target price on MidSouth Bancorp from $7.75 to $9.75 and gave the stock a “market perform” rating in a research note on Friday, May 6th. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. MidSouth Bancorp currently has a consensus rating of “Buy” and an average price target of $10.92.

The company has a 50 day moving average of $10.28 and a 200 day moving average of $8.86. The stock has a market capitalization of $124.19 million and a PE ratio of 11.47.

MidSouth Bancorp (NYSE:MSL) last announced its quarterly earnings data on Wednesday, April 27th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.03. On average, equities analysts predict that MidSouth Bancorp Inc. will post $0.57 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 1st. Shareholders of record on Wednesday, June 15th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 3.29%. The ex-dividend date was Monday, June 13th.

An institutional investor recently raised its position in MidSouth Bancorp stock. Dimensional Fund Advisors LP increased its position in MidSouth Bancorp Inc. (NYSE:MSL) by 1.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 315,282 shares of the company’s stock after buying an additional 4,129 shares during the period. Dimensional Fund Advisors LP owned approximately 2.77% of MidSouth Bancorp worth $2,863,000 at the end of the most recent quarter.

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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