MidSouth Bancorp (MSL) Reaches New 52-Week Low at $12.06

MidSouth Bancorp, Inc. (NYSE:MSL)’s share price reached a new 52-week low on Thursday . The company traded as low as $12.06 and last traded at $12.08, with a volume of 3305 shares traded. The stock had previously closed at $12.39.

A number of equities analysts have recently weighed in on MSL shares. Raymond James reaffirmed a “hold” rating on shares of MidSouth Bancorp in a research note on Monday, December 3rd. FIG Partners downgraded shares of MidSouth Bancorp from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 29th. Zacks Investment Research raised shares of MidSouth Bancorp from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research note on Thursday, October 11th. Finally, ValuEngine downgraded shares of MidSouth Bancorp from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 4th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. MidSouth Bancorp currently has a consensus rating of “Hold” and a consensus target price of $16.00.

The firm has a market capitalization of $200.69 million, a PE ratio of -44.30 and a beta of 1.34.

MidSouth Bancorp (NYSE:MSL) last issued its quarterly earnings data on Tuesday, October 30th. The bank reported ($0.08) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.08. The firm had revenue of $21.56 million during the quarter, compared to analysts’ expectations of $21.52 million. MidSouth Bancorp had a negative net margin of 16.04% and a positive return on equity of 2.32%. Equities analysts anticipate that MidSouth Bancorp, Inc. will post 0.09 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Monday, December 17th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date of this dividend is Thursday, December 13th. MidSouth Bancorp’s dividend payout ratio is presently -14.81%.

A number of large investors have recently modified their holdings of MSL. BlackRock Inc. boosted its holdings in MidSouth Bancorp by 3.2% during the third quarter. BlackRock Inc. now owns 818,494 shares of the bank’s stock valued at $12,605,000 after acquiring an additional 25,155 shares during the period. Dimensional Fund Advisors LP boosted its holdings in MidSouth Bancorp by 7.5% during the third quarter. Dimensional Fund Advisors LP now owns 715,519 shares of the bank’s stock valued at $11,019,000 after acquiring an additional 50,118 shares during the period. Thomson Horstmann & Bryant Inc. boosted its holdings in MidSouth Bancorp by 11.5% during the third quarter. Thomson Horstmann & Bryant Inc. now owns 646,039 shares of the bank’s stock valued at $9,949,000 after acquiring an additional 66,374 shares during the period. Renaissance Technologies LLC boosted its holdings in MidSouth Bancorp by 21.4% during the third quarter. Renaissance Technologies LLC now owns 433,000 shares of the bank’s stock valued at $6,668,000 after acquiring an additional 76,400 shares during the period. Finally, Maltese Capital Management LLC boosted its holdings in MidSouth Bancorp by 410.0% during the third quarter. Maltese Capital Management LLC now owns 235,000 shares of the bank’s stock valued at $3,619,000 after acquiring an additional 188,922 shares during the period. Hedge funds and other institutional investors own 70.27% of the company’s stock.

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About MidSouth Bancorp (NYSE:MSL)

MidSouth Bancorp, Inc, a bank holding company, through its subsidiary MidSouth Bank, N.A., provides various community banking products and services to commercial and retail customers in the United States. The company offers various deposit products, including interest-bearing and noninterest-bearing checking accounts, money market, savings accounts, investment accounts, and NOW account deposits, as well as time deposits, such as certificates of deposits; and commercial and industrial, commercial real estate, and consumer loans, as well as other loans secured by real estate.

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