MidSouth Bancorp (NYSE:MSL) Director Clayton Paul Hilliard sold 1,540 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $13.04, for a total value of $20,081.60. Following the completion of the transaction, the director now owns 139,785 shares in the company, valued at approximately $1,822,796.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of MidSouth Bancorp (NYSE:MSL) remained flat at $$13.00 during trading on Thursday. The company had a trading volume of 55,400 shares, compared to its average volume of 60,845. MidSouth Bancorp has a one year low of $10.45 and a one year high of $16.60. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 0.11.
MidSouth Bancorp (NYSE:MSL) last issued its quarterly earnings data on Tuesday, October 24th. The bank reported $0.07 EPS for the quarter, topping the consensus estimate of $0.06 by $0.01. The firm had revenue of $24.30 million during the quarter, compared to the consensus estimate of $23.32 million. MidSouth Bancorp had a return on equity of 1.43% and a net margin of 0.94%. equities research analysts predict that MidSouth Bancorp will post -0.06 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.31%. The ex-dividend date is Thursday, December 14th. MidSouth Bancorp’s dividend payout ratio (DPR) is presently -21.05%.
Several research analysts have issued reports on the company. Zacks Investment Research lowered MidSouth Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, October 26th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $12.00 price target on shares of MidSouth Bancorp in a report on Wednesday, October 4th. Sandler O’Neill reiterated a “buy” rating and issued a $14.00 price target on shares of MidSouth Bancorp in a report on Tuesday, September 5th. Finally, Stephens set a $16.00 price target on MidSouth Bancorp and gave the stock a “buy” rating in a report on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. MidSouth Bancorp presently has a consensus rating of “Hold” and a consensus price target of $15.33.
Several institutional investors have recently modified their holdings of MSL. Bank of New York Mellon Corp raised its stake in shares of MidSouth Bancorp by 1.9% in the first quarter. Bank of New York Mellon Corp now owns 32,182 shares of the bank’s stock worth $492,000 after purchasing an additional 604 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of MidSouth Bancorp by 2.0% in the first quarter. Vanguard Group Inc. now owns 390,598 shares of the bank’s stock worth $5,976,000 after purchasing an additional 7,844 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of MidSouth Bancorp by 7.3% in the first quarter. Dimensional Fund Advisors LP now owns 350,222 shares of the bank’s stock worth $5,358,000 after purchasing an additional 23,909 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of MidSouth Bancorp in the first quarter worth approximately $515,000. Finally, Thomson Horstmann & Bryant Inc. purchased a new stake in shares of MidSouth Bancorp in the second quarter worth approximately $2,643,000. 50.91% of the stock is owned by hedge funds and other 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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