MidSouth Bancorp (NYSE:MSL) Sees Unusually-High Trading Volume

Shares of MidSouth Bancorp, Inc. (NYSE:MSL) saw an uptick in trading volume on Monday . 922,956 shares changed hands during trading, an increase of 1,280% from the previous session’s volume of 66,900 shares.The stock last traded at $10.98 and had previously closed at $10.36.

MSL has been the topic of a number of analyst reports. Zacks Investment Research upgraded MidSouth Bancorp from a “strong sell” rating to a “hold” rating in a report on Saturday, May 25th. ValuEngine upgraded MidSouth Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. MidSouth Bancorp has a consensus rating of “Buy” and an average price target of $13.00.

The firm has a market capitalization of $183.72 million, a P/E ratio of -31.14 and a beta of 1.28. The stock’s fifty day simple moving average is $10.88 and its 200 day simple moving average is $11.47. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.75 and a quick ratio of 0.75.

MidSouth Bancorp (NYSE:MSL) last released its quarterly earnings results on Thursday, July 25th. The bank reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.18). MidSouth Bancorp had a negative net margin of 38.21% and a negative return on equity of 10.41%. The firm had revenue of $20.71 million during the quarter, compared to the consensus estimate of $19.97 million. As a group, sell-side analysts forecast that MidSouth Bancorp, Inc. will post 0.05 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA grew its holdings in MidSouth Bancorp by 517.1% in the first quarter. BNP Paribas Arbitrage SA now owns 3,172 shares of the bank’s stock worth $36,000 after purchasing an additional 2,658 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of MidSouth Bancorp by 10.8% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 36,306 shares of the bank’s stock valued at $431,000 after purchasing an additional 3,536 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of MidSouth Bancorp by 45.2% during the 4th quarter. Bank of America Corp DE now owns 13,622 shares of the bank’s stock valued at $144,000 after purchasing an additional 4,240 shares during the last quarter. Marshall Wace North America L.P. purchased a new stake in shares of MidSouth Bancorp during the 1st quarter valued at $81,000. Finally, Northern Trust Corp boosted its position in shares of MidSouth Bancorp by 4.6% in the 2nd quarter. Northern Trust Corp now owns 168,877 shares of the bank’s stock worth $2,001,000 after purchasing an additional 7,350 shares in the last quarter. 61.89% of the stock is owned by institutional investors.

MidSouth Bancorp Company Profile (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 deposit; and commercial and industrial, commercial real estate, and consumer loans, as well as other loans secured by real estate.

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