MidSouth Bancorp (NYSE:MSL) has been given a consensus recommendation of “Hold” by the seven research firms that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $14.33.
Several research analysts have commented on the company. Stephens restated a “buy” rating and issued a $15.00 target price on shares of MidSouth Bancorp in a research note on Wednesday, August 2nd. Hovde Group cut their target price on MidSouth Bancorp from $18.00 to $16.00 and set an “outperform” rating for the company in a research note on Thursday, June 8th. Raymond James Financial, Inc. restated an “underperform” rating on shares of MidSouth Bancorp in a research note on Friday, June 9th. UBS AG downgraded MidSouth Bancorp to an “underperform” rating in a research note on Friday, June 9th. Finally, TheStreet downgraded MidSouth Bancorp from a “b-” rating to a “c” rating in a research report on Monday, June 12th.
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Several institutional investors and hedge funds have recently modified their holdings of MSL. Goldman Sachs Group Inc. purchased a new position in shares of MidSouth Bancorp during the 1st quarter valued at about $515,000. Eagle Global Advisors LLC raised its holdings in shares of MidSouth Bancorp by 24.6% during the 2nd 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 raised its holdings in shares of MidSouth Bancorp by 15.0% during the 2nd quarter. Naples Global Advisors LLC now owns 24,550 shares of the bank’s stock valued at $288,000 after buying an additional 3,200 shares in the last quarter. Strs Ohio purchased a new position in shares of MidSouth Bancorp during the 2nd quarter valued at about $360,000. Finally, Segantii Capital Management Ltd raised its holdings in shares of MidSouth Bancorp by 463.9% during the 1st 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. Hedge funds and other institutional investors own 52.31% of the company’s stock.
MidSouth Bancorp (NYSE MSL) traded down 0.41% during midday trading on Friday, reaching $12.10. 506,536 shares of the company traded hands. MidSouth Bancorp has a one year low of $9.80 and a one year high of $16.60. The firm’s market capitalization is $200.17 million. The firm has a 50-day moving average price of $11.58 and a 200-day moving average price of $13.05.
MidSouth Bancorp (NYSE:MSL) last issued its earnings results on Tuesday, July 25th. The bank reported ($0.38) EPS for the quarter, topping the consensus estimate of ($0.44) by $0.06. MidSouth Bancorp had a return on equity of 1.73% and a net margin of 1.69%. The business had revenue of $23.47 million during the quarter, compared to the consensus estimate of $23.50 million. Equities analysts predict that MidSouth Bancorp will post ($0.10) EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.33%. MidSouth Bancorp’s dividend payout ratio (DPR) is presently -40.00%.
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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