MidSouth Bancorp (NYSE:MSL) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday. The firm presently has a $18.00 price objective on the bank’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 23.71% from the company’s current price.

According to Zacks, “MIDSOUTH BANCORP, INC. is a bank holding company engaged in general banking business. “

A number of other equities analysts also recently commented on MSL. ValuEngine upgraded MidSouth Bancorp from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 23rd. Sandler O’Neill downgraded MidSouth Bancorp from a “buy” rating to a “hold” rating and set a $15.00 price objective on the stock. in a report on Wednesday, August 1st. Finally, Raymond James upgraded MidSouth Bancorp from an “underperform” rating to a “market perform” rating in a report on Friday, August 17th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $16.00.

MidSouth Bancorp stock opened at $14.55 on Thursday. The stock has a market capitalization of $256.25 million, a PE ratio of -53.89 and a beta of 1.28. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.05. MidSouth Bancorp has a 12 month low of $11.90 and a 12 month high of $16.15.

MidSouth Bancorp (NYSE:MSL) last released its quarterly earnings data on Monday, July 30th. The bank reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.24. The company had revenue of $21.81 million for the quarter, compared to the consensus estimate of $22.21 million. MidSouth Bancorp had a positive return on equity of 3.83% and a negative net margin of 9.12%. On average, equities analysts forecast that MidSouth Bancorp will post 0.05 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the stock. Maltese Capital Management LLC acquired a new stake in MidSouth Bancorp during the 2nd quarter valued at approximately $611,000. Acadian Asset Management LLC acquired a new stake in MidSouth Bancorp during the 2nd quarter valued at approximately $129,000. Millennium Management LLC grew its stake in MidSouth Bancorp by 18.9% during the 1st quarter. Millennium Management LLC now owns 274,199 shares of the bank’s stock valued at $3,469,000 after purchasing an additional 43,633 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new stake in MidSouth Bancorp during the 2nd quarter valued at approximately $1,121,000. Finally, Northern Trust Corp grew its stake in MidSouth Bancorp by 3.1% during the 1st quarter. Northern Trust Corp now owns 158,603 shares of the bank’s stock valued at $2,006,000 after purchasing an additional 4,763 shares in the last quarter. Institutional investors and hedge funds own 61.81% 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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