MidSouth Bancorp, Inc. (MSL) Given Average Recommendation of “Hold” by Analysts

MidSouth Bancorp, Inc. (NYSE:MSL) has been assigned a consensus recommendation of “Hold” from the nine brokerages that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $14.00.

A number of equities analysts recently issued reports on the stock. Zacks Investment Research lowered shares of MidSouth Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. ValuEngine lowered shares of MidSouth Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Finally, Hovde Group lowered shares of MidSouth Bancorp from an “outperform” rating to a “market perform” rating and set a $15.00 target price for the company. in a research report on Wednesday, January 31st.

In related news, Director Andrew G. Hargroder sold 3,000 shares of the stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $14.00, for a total value of $42,000.00. Following the completion of the transaction, the director now owns 194,142 shares in the company, valued at approximately $2,717,988. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Clayton Paul Hilliard sold 6,000 shares of the stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $12.71, for a total transaction of $76,260.00. Following the completion of the transaction, the director now owns 113,785 shares of the company’s stock, valued at approximately $1,446,207.35. The disclosure for this sale can be found here. Insiders sold a total of 26,300 shares of company stock valued at $348,000 in the last quarter. 19.84% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of the company. Renaissance Technologies LLC boosted its position in shares of MidSouth Bancorp by 16.4% during the 4th quarter. Renaissance Technologies LLC now owns 361,009 shares of the bank’s stock valued at $4,783,000 after purchasing an additional 50,811 shares in the last quarter. Pacific Ridge Capital Partners LLC boosted its position in shares of MidSouth Bancorp by 3.2% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 240,953 shares of the bank’s stock valued at $3,193,000 after purchasing an additional 7,440 shares in the last quarter. BlackRock Inc. boosted its position in shares of MidSouth Bancorp by 8.6% during the 4th quarter. BlackRock Inc. now owns 721,876 shares of the bank’s stock valued at $9,565,000 after purchasing an additional 57,366 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of MidSouth Bancorp by 490.7% during the 4th quarter. Wells Fargo & Company MN now owns 24,294 shares of the bank’s stock valued at $322,000 after purchasing an additional 20,181 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of MidSouth Bancorp by 8.6% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 84,159 shares of the bank’s stock valued at $1,116,000 after purchasing an additional 6,694 shares in the last quarter. Institutional investors own 55.57% of the company’s stock.

MidSouth Bancorp (NYSE:MSL) opened at $12.65 on Wednesday. The company has a market cap of $206.03, a PE ratio of -12.65 and a beta of 1.21. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.11. MidSouth Bancorp has a 12-month low of $11.05 and a 12-month high of $16.60.

MidSouth Bancorp (NYSE:MSL) last released its quarterly earnings results on Tuesday, January 30th. The bank reported ($0.15) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.22). The firm had revenue of $25.50 million for the quarter, compared to the consensus estimate of $23.71 million. MidSouth Bancorp had a negative return on equity of 0.46% and a negative net margin of 11.48%. research analysts expect that MidSouth Bancorp will post 0.73 EPS for the current fiscal year.

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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.

Analyst Recommendations for MidSouth Bancorp (NYSE:MSL)

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