Clayton Paul Hilliard Sells 1,540 Shares of MidSouth Bancorp (MSL) Stock

MidSouth Bancorp (NYSE:MSL) Director Clayton Paul Hilliard sold 1,540 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $13.04, for a total transaction of $20,081.60. Following the completion of the sale, the director now directly owns 139,785 shares in the company, valued at $1,822,796.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

MidSouth Bancorp (NYSE:MSL) traded down $0.05 during mid-day trading on Friday, hitting $13.00. 40,718 shares of the stock traded hands, compared to its average volume of 51,378. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.82 and a current ratio of 0.84. MidSouth Bancorp has a twelve month low of $10.65 and a twelve month high of $16.60.

MidSouth Bancorp (NYSE:MSL) last posted its earnings results on Tuesday, October 24th. The bank reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.01. MidSouth Bancorp had a net margin of 0.94% and a return on equity of 1.43%. The business had revenue of $24.30 million for the quarter, compared to analyst estimates of $23.32 million. sell-side analysts forecast that MidSouth Bancorp will post -0.06 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.31%. The ex-dividend date is Thursday, December 14th. MidSouth Bancorp’s payout ratio is currently -21.05%.

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Several equities research analysts have commented on MSL shares. Sandler O’Neill reaffirmed a “buy” rating and issued a $14.00 price target on shares of MidSouth Bancorp in a report on Tuesday, September 5th. Stephens reaffirmed a “buy” rating and issued a $15.00 price target on shares of MidSouth Bancorp in a report on Wednesday, August 2nd. Zacks Investment Research raised shares of MidSouth Bancorp from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Wednesday, October 25th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $12.00 price target on shares of MidSouth Bancorp in a report on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $15.33.

Several hedge funds have recently bought and sold shares of MSL. New York State Common Retirement Fund purchased a new stake in shares of MidSouth Bancorp during the 2nd quarter worth about $112,000. Rhumbline Advisers purchased a new stake in shares of MidSouth Bancorp during the 3rd quarter worth about $123,000. Hotchkis & Wiley Capital Management LLC purchased a new stake in shares of MidSouth Bancorp during the 3rd quarter worth about $136,000. First Manhattan Co. purchased a new stake in shares of MidSouth Bancorp during the 2nd quarter worth about $177,000. Finally, Spark Investment Management LLC boosted its stake in shares of MidSouth Bancorp by 32.5% during the 2nd quarter. Spark Investment Management LLC now owns 15,100 shares of the bank’s stock worth $177,000 after acquiring an additional 3,700 shares in the last quarter. 50.91% of the stock is currently owned by institutional investors and hedge funds.

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.

Insider Buying and Selling by Quarter for MidSouth Bancorp (NYSE:MSL)

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