MidSouth Bancorp (MSL) Given a $16.00 Price Target by Stephens Analysts

Stephens set a $16.00 target price on MidSouth Bancorp (NYSE:MSL) in a report released on Tuesday morning. The firm currently has a buy rating on the bank’s stock.

Other equities analysts have also issued research reports about the stock. UBS AG lowered shares of MidSouth Bancorp to an underperform rating in a research report on Friday, June 9th. Zacks Investment Research upgraded shares of MidSouth Bancorp from a hold rating to a buy rating and set a $17.00 target price for the company in a research report on Wednesday, April 5th. Hovde Group decreased their target price on shares of MidSouth Bancorp from $18.00 to $16.00 and set an outperform rating for the company in a research report on Thursday, June 8th. TheStreet upgraded shares of MidSouth Bancorp from a c+ rating to a b- rating in a research report on Wednesday, May 17th. Finally, Raymond James Financial, Inc. reiterated an underperform rating on shares of MidSouth Bancorp in a research report on Friday, June 9th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. The company has an average rating of Hold and an average price target of $17.25.

Shares of MidSouth Bancorp (MSL) traded down 4.62% during mid-day trading on Tuesday, hitting $11.35. 147,917 shares of the company traded hands. The firm has a 50-day moving average price of $11.94 and a 200 day moving average price of $13.80. The firm has a market cap of $129.20 million, a price-to-earnings ratio of 20.27 and a beta of 1.14. MidSouth Bancorp has a 52-week low of $9.52 and a 52-week high of $16.60.

MidSouth Bancorp (NYSE:MSL) last announced its earnings results on Tuesday, July 25th. The bank reported ($0.38) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.44) by $0.06. The firm had revenue of $23.47 million during the quarter, compared to analyst estimates of $23.50 million. MidSouth Bancorp had a net margin of 8.91% and a return on equity of 5.00%. Equities research analysts anticipate that MidSouth Bancorp will post $0.01 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be given a $0.01 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.04 dividend on an annualized basis and a yield of 0.35%. MidSouth Bancorp’s dividend payout ratio is presently 64.29%.

In other MidSouth Bancorp news, Chairman Jake Delhomme acquired 2,500 shares of MidSouth Bancorp stock in a transaction dated Thursday, June 8th. The stock was bought at an average price of $12.00 per share, for a total transaction of $30,000.00. Following the transaction, the chairman now owns 34,150 shares in the company, valued at approximately $409,800. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director R Glenn Pumpelly acquired 5,000 shares of MidSouth Bancorp stock in a transaction dated Thursday, June 8th. The shares were acquired at an average price of $12.00 per share, with a total value of $60,000.00. Following the transaction, the director now owns 95,473 shares in the company, valued at approximately $1,145,676. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 13,250 shares of company stock valued at $159,000. Insiders own 23.27% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Naples Global Advisors LLC raised its position in MidSouth Bancorp by 0.9% in the first quarter. Naples Global Advisors LLC now owns 21,350 shares of the bank’s stock valued at $327,000 after buying an additional 200 shares during the period. Bank of New York Mellon Corp raised its position in MidSouth Bancorp by 1.9% in the first quarter. Bank of New York Mellon Corp now owns 32,182 shares of the bank’s stock valued at $492,000 after buying an additional 604 shares during the period. Dimensional Fund Advisors LP raised its position in MidSouth Bancorp by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 326,313 shares of the bank’s stock valued at $4,438,000 after buying an additional 4,933 shares during the period. Vanguard Group Inc. raised its position in MidSouth Bancorp by 2.0% in the first quarter. Vanguard Group Inc. now owns 390,598 shares of the bank’s stock valued at $5,976,000 after buying an additional 7,844 shares during the period. Finally, Segantii Capital Management Ltd raised its position in MidSouth Bancorp by 463.9% in the first quarter. Segantii Capital Management Ltd now owns 10,151 shares of the bank’s stock valued at $155,000 after buying an additional 8,351 shares during the period. Institutional investors own 25.64% of the company’s stock.

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.