Shares of MidSouth Bancorp, Inc. (NYSE:MSL) hit a new 52-week high on Friday . The company traded as high as $15.75 and last traded at $15.70, with a volume of 427400 shares trading hands. The stock had previously closed at $15.40.
Several brokerages have commented on MSL. ValuEngine downgraded shares of MidSouth Bancorp from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Raymond James upgraded shares of MidSouth Bancorp from an “underperform” rating to a “market perform” rating in a report on Friday, August 17th. Finally, Sandler O’Neill downgraded shares of 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 analysts have rated the stock with a hold rating and two have given a buy rating to the stock. MidSouth Bancorp presently has an average rating of “Hold” and an average target price of $14.75.
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 $257.08 million, a P/E ratio of -58.15 and a beta of 1.29.
MidSouth Bancorp (NYSE:MSL) last announced its earnings results on Monday, July 30th. The bank reported $0.16 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.24. The firm had revenue of $21.81 million for the quarter, compared to the consensus estimate of $22.21 million. MidSouth Bancorp had a negative net margin of 9.12% and a positive return on equity of 3.83%. equities research analysts forecast that MidSouth Bancorp, Inc. will post 0.05 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 1st. Shareholders of record on Friday, September 14th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $0.04 annualized dividend and a yield of 0.25%. MidSouth Bancorp’s dividend payout ratio (DPR) is currently -14.81%.
Hedge funds have recently made changes to their positions in the business. Acadian Asset Management LLC bought a new position in shares of MidSouth Bancorp during the 2nd quarter worth approximately $129,000. Rhumbline Advisers bought a new position in shares of MidSouth Bancorp during the 1st quarter worth approximately $133,000. TIAA CREF Investment Management LLC grew its stake in shares of MidSouth Bancorp by 31.1% during 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 in the last quarter. California Public Employees Retirement System grew its stake in shares of MidSouth Bancorp by 26.3% during 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 in the last quarter. Finally, Maltese Capital Management LLC bought a new position in shares of MidSouth Bancorp during the 2nd quarter worth approximately $611,000. Hedge funds and other institutional investors own 61.81% of the company’s stock.
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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