Analysts Set MidSouth Bancorp (MSL) Price Target at $14.33

MidSouth Bancorp (NYSE:MSL) has been given an average rating of “Hold” by the seven brokerages that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $14.33.

A number of equities analysts have weighed in on the company. Sandler O’Neill reiterated a “buy” rating and issued a $14.00 price objective on shares of MidSouth Bancorp in a report on Tuesday, September 5th. Zacks Investment Research upgraded MidSouth Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. TheStreet cut MidSouth Bancorp from a “b-” rating to a “c” rating in a report on Monday, June 12th. UBS AG cut MidSouth Bancorp to an “underperform” rating in a report on Friday, June 9th. Finally, Stephens set a $16.00 price objective on MidSouth Bancorp and gave the stock a “buy” rating in a report on Tuesday, July 25th.

Shares of MidSouth Bancorp (NYSE MSL) traded down 0.84% during mid-day trading on Friday, hitting $11.75. The stock had a trading volume of 53,248 shares. The stock’s market cap is $194.38 million. MidSouth Bancorp has a 12 month low of $9.80 and a 12 month high of $16.60. The firm has a 50 day moving average price of $11.61 and a 200-day moving average price of $12.99.

MidSouth Bancorp (NYSE:MSL) last announced its earnings results on Tuesday, July 25th. The bank reported ($0.38) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.06. The business had revenue of $23.47 million for the quarter, compared to analyst estimates of $23.50 million. MidSouth Bancorp had a return on equity of 1.73% and a net margin of 1.69%. On average, equities research analysts forecast that MidSouth Bancorp will post ($0.10) EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date of this dividend is Thursday, September 14th. MidSouth Bancorp’s payout ratio is currently -40.00%.

Several institutional investors and hedge funds have recently bought and sold shares of MSL. New York State Common Retirement Fund purchased a new position in shares of MidSouth Bancorp in the 2nd quarter worth about $112,000. Segantii Capital Management Ltd boosted its holdings in shares of MidSouth Bancorp by 463.9% in the 1st quarter. Segantii Capital Management Ltd now owns 10,151 shares of the bank’s stock worth $155,000 after purchasing an additional 8,351 shares in the last quarter. First Manhattan Co. purchased a new position in shares of MidSouth Bancorp in the 2nd quarter worth about $177,000. Spark Investment Management LLC boosted its holdings in shares of MidSouth Bancorp by 32.5% in the 2nd quarter. Spark Investment Management LLC now owns 15,100 shares of the bank’s stock worth $177,000 after purchasing an additional 3,700 shares in the last quarter. Finally, MML Investors Services LLC boosted its holdings in shares of MidSouth Bancorp by 16.9% in the 2nd quarter. MML Investors Services LLC now owns 15,205 shares of the bank’s stock worth $179,000 after purchasing an additional 2,197 shares in the last quarter. Hedge funds and other institutional investors own 52.31% 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.

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