Brokerages Set MidSouth Bancorp, Inc. (MSL) PT at $14.00

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

Several research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of MidSouth Bancorp from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research report on Wednesday, January 31st. Hovde Group cut shares of MidSouth Bancorp from an “outperform” rating to a “market perform” rating and set a $15.00 price target on the stock. in a research report on Wednesday, January 31st. Finally, ValuEngine cut shares of MidSouth Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd.

MidSouth Bancorp (NYSE MSL) remained flat at $$12.60 during trading on Wednesday. The company’s stock had a trading volume of 21,500 shares, compared to its average volume of 51,818. MidSouth Bancorp has a 1-year low of $11.05 and a 1-year high of $16.60. The firm has a market cap of $208.51, a PE ratio of -12.60 and a beta of 1.21. 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 released its earnings results on Tuesday, January 30th. The bank reported ($0.15) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 for the quarter, compared to analysts’ expectations of $23.71 million. sell-side analysts anticipate that MidSouth Bancorp will post 0.73 earnings per share for the current fiscal year.

In other MidSouth Bancorp news, Director Clayton Paul Hilliard sold 5,000 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $12.85, for a total value of $64,250.00. Following the transaction, the director now owns 119,785 shares of the company’s stock, valued at $1,539,237.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Andrew G. Hargroder sold 3,000 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $14.00, for a total transaction of $42,000.00. Following the completion of the transaction, the director now directly owns 194,142 shares in the company, valued at approximately $2,717,988. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,300 shares of company stock worth $270,550. Corporate insiders own 19.84% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of MSL. Millennium Management LLC increased its stake in MidSouth Bancorp by 3.9% during the fourth quarter. Millennium Management LLC now owns 230,566 shares of the bank’s stock worth $3,055,000 after purchasing an additional 8,715 shares during the period. TIAA CREF Investment Management LLC increased its stake in MidSouth Bancorp by 31.1% during the fourth quarter. TIAA CREF Investment Management LLC now owns 32,260 shares of the bank’s stock worth $427,000 after purchasing an additional 7,654 shares during the period. Deutsche Bank AG increased its stake in MidSouth Bancorp by 75.6% during the fourth quarter. Deutsche Bank AG now owns 88,203 shares of the bank’s stock worth $1,166,000 after purchasing an additional 37,968 shares during the period. Basswood Capital Management L.L.C. increased its stake in MidSouth Bancorp by 46.5% during the fourth quarter. Basswood Capital Management L.L.C. now owns 1,142,420 shares of the bank’s stock worth $15,137,000 after purchasing an additional 362,440 shares during the period. Finally, Renaissance Technologies LLC increased its stake in MidSouth Bancorp by 16.4% during the fourth quarter. Renaissance Technologies LLC now owns 361,009 shares of the bank’s stock worth $4,783,000 after purchasing an additional 50,811 shares during the period. 55.23% of the stock is currently owned by institutional investors.

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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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