C R. Cloutier Sells 5,000 Shares of MidSouth Bancorp, Inc. (MSL) Stock

MidSouth Bancorp, Inc. (NYSE:MSL) Director C R. Cloutier sold 5,000 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $14.28, for a total transaction of $71,400.00. Following the sale, the director now owns 211,142 shares of the company’s stock, valued at $3,015,107.76. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Shares of MidSouth Bancorp, Inc. (NYSE MSL) traded down $0.20 during midday trading on Thursday, hitting $12.45. 4,628 shares of the stock were exchanged, compared to its average volume of 51,668. 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, Inc. has a 12-month low of $11.05 and a 12-month high of $16.60.

MidSouth Bancorp (NYSE:MSL) last posted its quarterly earnings data on Tuesday, January 30th. The bank reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.22). MidSouth Bancorp had a negative return on equity of 0.46% and a negative net margin of 11.48%. The business had revenue of $25.50 million during the quarter, compared to analysts’ expectations of $23.71 million. equities research analysts forecast that MidSouth Bancorp, Inc. will post 0.73 earnings per share for the current fiscal year.

Several research analysts have commented on the stock. Hovde Group lowered shares of MidSouth Bancorp from an “outperform” rating to a “market perform” rating and set a $15.00 price objective for the company. in a report on Wednesday, January 31st. Zacks Investment Research lowered shares of MidSouth Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. Finally, ValuEngine lowered shares of MidSouth Bancorp from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $14.60.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its stake in MidSouth Bancorp by 62.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 27,646 shares of the bank’s stock worth $340,000 after acquiring an additional 10,576 shares during the period. Northern Trust Corp raised its position in shares of MidSouth Bancorp by 322.2% during the second quarter. Northern Trust Corp now owns 95,568 shares of the bank’s stock valued at $1,123,000 after buying an additional 72,930 shares during the last quarter. Vanguard Group Inc. raised its position in shares of MidSouth Bancorp by 17.0% during the second quarter. Vanguard Group Inc. now owns 457,161 shares of the bank’s stock valued at $5,372,000 after buying an additional 66,563 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of MidSouth Bancorp by 73.0% during the second quarter. Bank of New York Mellon Corp now owns 55,665 shares of the bank’s stock valued at $654,000 after buying an additional 23,483 shares during the last quarter. Finally, Schneider Capital Management Corp bought a new stake in shares of MidSouth Bancorp during the second quarter valued at approximately $786,000. Institutional investors own 55.57% of the company’s stock.

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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.

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

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