Zacks Investment Research Upgrades MidSouth Bancorp (MSL) to Buy

Zacks Investment Research upgraded shares of MidSouth Bancorp (NYSE:MSL) from a hold rating to a buy rating in a research report released on Wednesday. Zacks Investment Research currently has $17.00 price target on the bank’s stock.

According to Zacks, “MIDSOUTH BANCORP, INC. is a bank holding company engaged in general banking business. “

MSL has been the subject of a number of other research reports. ValuEngine cut shares of MidSouth Bancorp from a hold rating to a sell rating in a research report on Friday, December 22nd. Keefe, Bruyette & Woods reiterated a hold rating and set a $12.00 target price on shares of MidSouth Bancorp in a research report on Wednesday, October 4th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $14.60.

MidSouth Bancorp (NYSE MSL) opened at $14.30 on Wednesday. The company has a market cap of $236.65, a PE ratio of -14.30 and a beta of 1.21. MidSouth Bancorp has a 1-year low of $11.05 and a 1-year high of $16.60. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.11.

MidSouth Bancorp (NYSE:MSL) last released its quarterly earnings data on Tuesday, January 30th. The bank reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.22). The business had revenue of $25.50 million for the quarter, compared to the consensus estimate of $23.71 million. MidSouth Bancorp had a negative return on equity of 0.46% and a negative net margin of 11.48%. research analysts anticipate that MidSouth Bancorp will post 0.73 earnings per share for the current fiscal year.

In other MidSouth Bancorp news, Director Clayton Paul Hilliard sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $12.85, for a total value of $64,250.00. Following the completion of the sale, the director now owns 119,785 shares in the company, valued at approximately $1,539,237.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director C R. Cloutier sold 6,700 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $13.51, for a total transaction of $90,517.00. Following the completion of the sale, the director now owns 220,342 shares of the company’s stock, valued at approximately $2,976,820.42. The disclosure for this sale can be found here. Insiders have sold a total of 26,840 shares of company stock valued at $349,199 in the last quarter. 19.84% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. increased its position in MidSouth Bancorp by 62.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 27,646 shares of the bank’s stock valued at $340,000 after acquiring an additional 10,576 shares in the last quarter. Northern Trust Corp increased its position in MidSouth Bancorp by 322.2% in the 2nd quarter. Northern Trust Corp now owns 95,568 shares of the bank’s stock valued at $1,123,000 after acquiring an additional 72,930 shares in the last quarter. Vanguard Group Inc. increased its position in MidSouth Bancorp by 17.0% in the 2nd quarter. Vanguard Group Inc. now owns 457,161 shares of the bank’s stock valued at $5,372,000 after acquiring an additional 66,563 shares in the last quarter. Bank of New York Mellon Corp increased its position in MidSouth Bancorp by 73.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 55,665 shares of the bank’s stock valued at $654,000 after acquiring an additional 23,483 shares in the last quarter. Finally, Schneider Capital Management Corp acquired a new stake in MidSouth Bancorp in the 2nd quarter valued at about $786,000. Hedge funds and other institutional investors own 57.95% of the company’s stock.

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MidSouth Bancorp Company Profile

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.

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Analyst Recommendations for MidSouth Bancorp (NYSE:MSL)

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