MidSouth Bancorp (NYSE:MSL) was downgraded by stock analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a research note issued on Tuesday.
Several other analysts have also weighed in on the company. Raymond James raised MidSouth Bancorp from an “underperform” rating to a “market perform” rating in a report on Friday, August 17th. Sandler O’Neill lowered MidSouth Bancorp from a “buy” rating to a “hold” rating and set a $15.00 target price on the stock. in a report on Wednesday, August 1st. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $14.75.
MidSouth Bancorp stock opened at $15.45 on Tuesday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $255.42 million, a price-to-earnings ratio of -57.22 and a beta of 1.29. MidSouth Bancorp has a fifty-two week low of $11.55 and a fifty-two week high of $15.70.
MidSouth Bancorp (NYSE:MSL) last posted its earnings results on Monday, July 30th. The bank reported $0.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.24. The company had revenue of $21.81 million for the quarter, compared to analyst estimates of $22.21 million. MidSouth Bancorp had a positive return on equity of 3.83% and a negative net margin of 9.12%. equities analysts predict that MidSouth Bancorp will post 0.05 EPS for the current year.
A number of institutional investors have recently bought and sold shares of MSL. Jacobs Asset Management LLC lifted its position in shares of MidSouth Bancorp by 7.7% in the first quarter. Jacobs Asset Management LLC now owns 1,010,588 shares of the bank’s stock valued at $12,784,000 after acquiring an additional 72,525 shares in the last quarter. RMB Capital Management LLC lifted its position in shares of MidSouth Bancorp by 5.8% in the first quarter. RMB Capital Management LLC now owns 804,414 shares of the bank’s stock valued at $10,176,000 after acquiring an additional 43,926 shares in the last quarter. BlackRock Inc. lifted its position in shares of MidSouth Bancorp by 7.6% in the second quarter. BlackRock Inc. now owns 793,339 shares of the bank’s stock valued at $10,511,000 after acquiring an additional 55,809 shares in the last quarter. Mendon Capital Advisors Corp lifted its position in shares of MidSouth Bancorp by 6.7% in the first quarter. Mendon Capital Advisors Corp now owns 677,045 shares of the bank’s stock valued at $8,564,000 after acquiring an additional 42,315 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of MidSouth Bancorp by 8.0% in the second quarter. Dimensional Fund Advisors LP now owns 665,401 shares of the bank’s stock valued at $8,817,000 after acquiring an additional 49,236 shares in the last quarter. 61.81% of the stock is currently owned by institutional investors.
About MidSouth Bancorp
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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