Acadian Asset Management LLC acquired a new stake in MidSouth Bancorp, Inc. (NYSE:MSL) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 9,734 shares of the bank’s stock, valued at approximately $129,000. Acadian Asset Management LLC owned about 0.06% of MidSouth Bancorp as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Rhumbline Advisers acquired a new stake in shares of MidSouth Bancorp in the 1st quarter worth $133,000. Wells Fargo & Company MN increased its stake in shares of MidSouth Bancorp by 490.7% in the 4th quarter. Wells Fargo & Company MN now owns 24,294 shares of the bank’s stock worth $322,000 after acquiring an additional 20,181 shares during the last quarter. TIAA CREF Investment Management LLC increased its stake in shares of MidSouth Bancorp by 31.1% in the 4th quarter. TIAA CREF Investment Management LLC now owns 32,260 shares of the bank’s stock worth $427,000 after acquiring an additional 7,654 shares during the last quarter. California Public Employees Retirement System increased its stake in shares of MidSouth Bancorp by 26.3% in the 1st quarter. California Public Employees Retirement System now owns 33,323 shares of the bank’s stock worth $422,000 after acquiring an additional 6,931 shares during the last quarter. Finally, Deutsche Bank AG increased its stake in shares of MidSouth Bancorp by 75.6% in the 4th quarter. Deutsche Bank AG now owns 88,203 shares of the bank’s stock worth $1,166,000 after acquiring an additional 37,968 shares during the last quarter. 61.30% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have issued reports on the company. Raymond James raised MidSouth Bancorp from an “underperform” rating to a “market perform” rating in a research note on Friday. Sandler O’Neill downgraded MidSouth Bancorp from a “buy” rating to a “hold” rating and set a $15.00 target price for the company. in a research note on Wednesday, August 1st. ValuEngine raised MidSouth Bancorp from a “hold” rating to a “buy” rating in a research note on Friday, June 8th. Finally, Zacks Investment Research raised MidSouth Bancorp from a “strong sell” rating to a “hold” rating in a research note on Saturday, April 28th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. MidSouth Bancorp has a consensus rating of “Hold” and a consensus price target of $14.75.
Shares of MSL opened at $14.85 on Friday. MidSouth Bancorp, Inc. has a 52-week low of $11.05 and a 52-week high of $15.40. The firm has a market capitalization of $227.13 million, a price-to-earnings ratio of -55.00 and a beta of 1.29. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.83 and a quick ratio of 0.83.
MidSouth Bancorp (NYSE:MSL) last issued its earnings results on Monday, July 30th. The bank reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.24. The business had revenue of $21.81 million during the quarter, compared to the consensus estimate of $22.21 million. MidSouth Bancorp had a positive return on equity of 3.83% and a negative net margin of 9.12%. sell-side analysts forecast that MidSouth Bancorp, Inc. will post 0.05 EPS for the current fiscal year.
MidSouth Bancorp Company Profile
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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