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

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.

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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.

A number of institutional investors have recently added to or reduced their stakes in the stock. Hilton Capital Management LLC increased its stake in MidSouth Bancorp by 25.7% during the 4th quarter. Hilton Capital Management LLC now owns 38,185 shares of the bank’s stock worth $506,000 after buying an additional 7,810 shares during the period. Millennium Management LLC increased its stake in MidSouth Bancorp by 3.9% during the 4th quarter. Millennium Management LLC now owns 230,566 shares of the bank’s stock worth $3,055,000 after buying an additional 8,715 shares during the period. TIAA CREF Investment Management LLC increased its stake in MidSouth Bancorp by 31.1% during the 4th quarter. TIAA CREF Investment Management LLC now owns 32,260 shares of the bank’s stock worth $427,000 after buying an additional 7,654 shares during the period. Deutsche Bank AG increased its stake in MidSouth Bancorp by 75.6% during the 4th quarter. Deutsche Bank AG now owns 88,203 shares of the bank’s stock worth $1,166,000 after buying an additional 37,968 shares during the period. Finally, Basswood Capital Management L.L.C. increased its stake in MidSouth Bancorp by 46.5% during the 4th quarter. Basswood Capital Management L.L.C. now owns 1,142,420 shares of the bank’s stock worth $15,137,000 after buying an additional 362,440 shares during the period. 58.11% of the stock is currently owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for MidSouth Bancorp (NYSE:MSL)

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