First Manhattan Co. purchased a new stake in MidSouth Bancorp (NYSE:MSL) during the second quarter, Holdings Channel reports. The fund purchased 15,100 shares of the bank’s stock, valued at approximately $177,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Segantii Capital Management Ltd boosted its position in shares of MidSouth Bancorp by 463.9% in the first quarter. Segantii Capital Management Ltd now owns 10,151 shares of the bank’s stock valued at $155,000 after buying an additional 8,351 shares in the last quarter. Spark Investment Management LLC boosted its position in shares of MidSouth Bancorp by 32.5% in the second quarter. Spark Investment Management LLC now owns 15,100 shares of the bank’s stock valued at $177,000 after buying an additional 3,700 shares in the last quarter. Eagle Global Advisors LLC boosted its position in shares of MidSouth Bancorp by 24.6% in the second quarter. Eagle Global Advisors LLC now owns 19,297 shares of the bank’s stock valued at $227,000 after buying an additional 3,808 shares in the last quarter. Naples Global Advisors LLC boosted its position in shares of MidSouth Bancorp by 0.9% in the first quarter. Naples Global Advisors LLC now owns 21,350 shares of the bank’s stock valued at $327,000 after buying an additional 200 shares in the last quarter. Finally, Strs Ohio acquired a new position in shares of MidSouth Bancorp during the second quarter valued at $360,000. Institutional investors and hedge funds own 27.64% of the company’s stock.

MidSouth Bancorp (NYSE:MSL) opened at 11.20 on Friday. The stock’s market cap is $179.49 million. MidSouth Bancorp has a 1-year low of $9.52 and a 1-year high of $16.60. The company’s 50 day moving average is $11.56 and its 200-day moving average is $13.53.

MidSouth Bancorp (NYSE:MSL) last released its quarterly earnings data on Tuesday, July 25th. The bank reported ($0.38) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.44) by $0.06. The firm had revenue of $23.47 million for the quarter, compared to analyst estimates of $23.50 million. MidSouth Bancorp had a net margin of 1.69% and a return on equity of 1.73%. Equities research analysts forecast that MidSouth Bancorp will post ($0.10) earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be paid a $0.01 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.36%. MidSouth Bancorp’s payout ratio is currently -360.00%.

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Several research analysts have recently weighed in on the stock. UBS AG cut shares of MidSouth Bancorp to an “underperform” rating in a research note on Friday, June 9th. Zacks Investment Research upgraded shares of MidSouth Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday. Stephens reiterated a “buy” rating and set a $15.00 price target on shares of MidSouth Bancorp in a research note on Wednesday, August 2nd. Hovde Group dropped their price target on shares of MidSouth Bancorp from $18.00 to $16.00 and set an “outperform” rating on the stock in a research note on Thursday, June 8th. Finally, TheStreet cut shares of MidSouth Bancorp from a “b-” rating to a “c” rating in a research note on Monday, June 12th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. MidSouth Bancorp presently has a consensus rating of “Hold” and a consensus price target of $17.00.

In other news, Director R Glenn Pumpelly purchased 5,000 shares of the company’s stock in a transaction that occurred on Thursday, June 8th. The shares were bought at an average price of $12.00 per share, for a total transaction of $60,000.00. Following the completion of the transaction, the director now owns 95,473 shares in the company, valued at $1,145,676. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Jake Delhomme purchased 2,500 shares of the company’s stock in a transaction that occurred on Thursday, June 8th. The shares were purchased at an average price of $12.00 per share, for a total transaction of $30,000.00. Following the transaction, the chairman now owns 34,150 shares of the company’s stock, valued at approximately $409,800. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 13,250 shares of company stock worth $159,000. 19.84% of the stock is owned by company insiders.

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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Institutional Ownership by Quarter for MidSouth Bancorp (NYSE:MSL)

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