MidSouth Bancorp, Inc. (NYSE:MSL) Director Clayton Paul Hilliard Sells 1,540 Shares

MidSouth Bancorp, Inc. (NYSE:MSL) Director Clayton Paul Hilliard sold 1,540 shares of MidSouth Bancorp stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $13.04, for a total transaction of $20,081.60. Following the completion of the sale, the director now owns 139,785 shares of the company’s stock, valued at $1,822,796.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Clayton Paul Hilliard also recently made the following trade(s):

  • On Friday, November 24th, Clayton Paul Hilliard sold 6,000 shares of MidSouth Bancorp stock. The shares were sold at an average price of $12.71, for a total transaction of $76,260.00.
  • On Wednesday, November 22nd, Clayton Paul Hilliard sold 5,000 shares of MidSouth Bancorp stock. The stock was sold at an average price of $12.85, for a total transaction of $64,250.00.
  • On Monday, November 20th, Clayton Paul Hilliard sold 5,000 shares of MidSouth Bancorp stock. The stock was sold at an average price of $12.90, for a total transaction of $64,500.00.

MidSouth Bancorp, Inc. (MSL) traded down $0.20 during midday trading on Monday, reaching $13.50. 24,600 shares of the company’s stock were exchanged, compared to its average volume of 60,716. MidSouth Bancorp, Inc. has a 52 week low of $11.05 and a 52 week high of $16.60. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.84 and a current ratio of 0.84.

MidSouth Bancorp (NYSE:MSL) last issued its quarterly earnings results on Tuesday, October 24th. The bank reported $0.07 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.01. The company had revenue of $24.30 million for the quarter, compared to analyst estimates of $23.32 million. MidSouth Bancorp had a net margin of 6.86% and a return on equity of 1.54%. analysts predict that MidSouth Bancorp, Inc. will post -0.06 EPS for the current fiscal 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 dividend of $0.01 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.30%. MidSouth Bancorp’s payout ratio is -21.05%.

A number of equities research analysts have recently issued reports on MSL shares. Zacks Investment Research lowered shares of MidSouth Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, October 26th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $12.00 target price on shares of MidSouth Bancorp in a report on Wednesday, October 4th. Finally, Sandler O’Neill reaffirmed a “buy” rating and set a $14.00 target price on shares of MidSouth Bancorp in a report on Tuesday, September 5th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. MidSouth Bancorp has an average rating of “Hold” and an average target price of $15.33.

Several hedge funds have recently added to or reduced their stakes in MSL. New York State Common Retirement Fund purchased a new stake in shares of MidSouth Bancorp during the second quarter worth approximately $112,000. Rhumbline Advisers purchased a new stake in shares of MidSouth Bancorp during the third quarter worth approximately $123,000. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of MidSouth Bancorp during the third quarter worth approximately $136,000. First Manhattan Co. purchased a new position in MidSouth Bancorp in the second quarter valued at approximately $177,000. Finally, Spark Investment Management LLC increased its stake in MidSouth Bancorp by 32.5% in the second quarter. Spark Investment Management LLC now owns 15,100 shares of the bank’s stock valued at $177,000 after purchasing an additional 3,700 shares during the last quarter. Hedge funds and other institutional investors 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.

Insider Buying and Selling by Quarter for MidSouth Bancorp (NYSE:MSL)

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