MidSouth Bancorp, Inc. (NYSE:MSL) Director Andrew G. Hargroder sold 1,000 shares of the stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $12.95, for a total value of $12,950.00. Following the transaction, the director now owns 137,744 shares of the company’s stock, valued at approximately $1,783,784.80. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of MidSouth Bancorp, Inc. (NYSE MSL) traded up $0.05 during trading hours on Thursday, reaching $13.55. 44,791 shares of the company traded hands, compared to its average volume of 60,433. MidSouth Bancorp, Inc. has a twelve month low of $11.05 and a twelve month high of $16.60. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.84 and a quick ratio of 0.84.
MidSouth Bancorp (NYSE:MSL) last issued its earnings results on Tuesday, October 24th. The bank reported $0.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.01. MidSouth Bancorp had a net margin of 0.94% and a return on equity of 1.43%. The business had revenue of $24.30 million during the quarter, compared to the consensus estimate of $23.32 million. sell-side analysts expect that MidSouth Bancorp, Inc. will post -0.06 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 15th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.04 annualized dividend and a yield of 0.30%. MidSouth Bancorp’s dividend payout ratio (DPR) is currently -21.05%.
MSL has been the subject of a number of research reports. Sandler O’Neill reiterated a “buy” rating and set a $14.00 target price on shares of MidSouth Bancorp in a report on Tuesday, September 5th. Zacks Investment Research upgraded MidSouth Bancorp from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Wednesday, October 25th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $12.00 price objective on shares of MidSouth Bancorp in a research note on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $15.33.
A number of large investors have recently modified their holdings of the stock. Jacobs Asset Management LLC lifted its stake in MidSouth Bancorp by 23.3% in the 3rd quarter. Jacobs Asset Management LLC now owns 927,469 shares of the bank’s stock valued at $11,176,000 after purchasing an additional 175,298 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in MidSouth Bancorp by 20.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 462,071 shares of the bank’s stock valued at $5,568,000 after acquiring an additional 78,227 shares during the period. Vanguard Group Inc. raised its holdings in MidSouth Bancorp by 17.0% in the 2nd quarter. Vanguard Group Inc. now owns 457,161 shares of the bank’s stock valued at $5,372,000 after acquiring an additional 66,563 shares during the period. Thomson Horstmann & Bryant Inc. bought a new position in MidSouth Bancorp in the 2nd quarter valued at about $2,643,000. Finally, Ulysses Management LLC bought a new position in MidSouth Bancorp in the 2nd quarter valued at about $2,351,000. Institutional investors and hedge funds own 56.74% of the company’s stock.
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MidSouth Bancorp Company Profile
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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