MidSouth Bancorp, Inc. (NYSE:MSL) has received a consensus rating of “Hold” from the ten research firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $14.00.
MSL has been the topic of a number of recent analyst reports. 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 note on Wednesday, January 31st. ValuEngine raised shares of MidSouth Bancorp from a “sell” rating to a “hold” rating in a research note on Sunday. Hovde Group downgraded shares of MidSouth Bancorp from an “outperform” rating to a “market perform” rating and set a $15.00 target price on the stock. in a research note on Wednesday, January 31st. Finally, FIG Partners raised shares of MidSouth Bancorp from a “market perform” rating to an “outperform” rating in a research note on Monday, April 2nd. They noted that the move was a valuation call.
In related news, Director Clayton Paul Hilliard sold 5,000 shares of MidSouth Bancorp stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $12.79, for a total transaction of $63,950.00. Following the sale, the director now owns 87,485 shares of the company’s stock, valued at approximately $1,118,933.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Andrew G. Hargroder sold 3,000 shares of MidSouth Bancorp stock in a transaction on Monday, February 5th. The stock was sold at an average price of $14.00, for a total transaction of $42,000.00. Following the sale, 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 sold 26,000 shares of company stock worth $345,185. Insiders own 19.84% of the company’s stock.
NYSE:MSL opened at $13.15 on Thursday. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.05. MidSouth Bancorp has a fifty-two week low of $11.05 and a fifty-two week high of $16.60.
MidSouth Bancorp (NYSE:MSL) last posted its quarterly earnings results on Tuesday, January 30th. The bank reported ($0.15) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.22). The company had revenue of $25.50 million for the quarter, compared to analysts’ expectations of $23.71 million. MidSouth Bancorp had a negative return on equity of 0.46% and a negative net margin of 11.48%. sell-side analysts forecast that MidSouth Bancorp will post -0.1 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, April 2nd. Stockholders of record on Thursday, March 15th were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date of this dividend was Wednesday, March 14th. MidSouth Bancorp’s dividend payout ratio is presently -14.81%.
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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.
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