Andrew G. Hargroder Sells 1,000 Shares of MidSouth Bancorp (MSL) Stock
MidSouth Bancorp (NYSE:MSL) Director Andrew G. Hargroder sold 1,000 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $12.95, for a total transaction of $12,950.00. Following the transaction, the director now owns 137,744 shares in the company, valued at $1,783,784.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of MidSouth Bancorp (MSL) opened at $12.90 on Wednesday. MidSouth Bancorp has a 52 week low of $10.90 and a 52 week high of $16.60. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.84 and a quick ratio of 0.84.
MidSouth Bancorp (NYSE:MSL) last announced its earnings results on Tuesday, October 24th. The bank reported $0.07 earnings per share 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 firm had revenue of $24.30 million for the quarter, compared to the consensus estimate of $23.32 million. equities analysts forecast that MidSouth Bancorp will post -0.06 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.31%. The ex-dividend date of this dividend is Thursday, December 14th. MidSouth Bancorp’s dividend payout ratio is presently -21.05%.
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Several large investors have recently made changes to their positions in MSL. Bank of New York Mellon Corp grew its position in shares of MidSouth Bancorp by 1.9% in the 1st quarter. Bank of New York Mellon Corp now owns 32,182 shares of the bank’s stock valued at $492,000 after buying an additional 604 shares during the last quarter. Vanguard Group Inc. boosted its stake in MidSouth Bancorp by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 390,598 shares of the bank’s stock worth $5,976,000 after purchasing an additional 7,844 shares during the period. Dimensional Fund Advisors LP boosted its stake in MidSouth Bancorp by 7.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 350,222 shares of the bank’s stock worth $5,358,000 after purchasing an additional 23,909 shares during the period. Goldman Sachs Group Inc. acquired a new stake in shares of MidSouth Bancorp in the 1st quarter worth $515,000. Finally, Thomson Horstmann & Bryant Inc. acquired a new stake in shares of MidSouth Bancorp in the 2nd quarter worth $2,643,000. 50.13% of the stock is currently owned by institutional investors.
A number of research firms recently weighed in on MSL. Zacks Investment Research lowered shares of MidSouth Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $12.00 target price on shares of MidSouth Bancorp in a report on Wednesday, October 4th. Sandler O’Neill reiterated a “buy” rating and issued a $14.00 target price on shares of MidSouth Bancorp in a report on Tuesday, September 5th. Finally, Stephens set a $16.00 target price on shares of MidSouth Bancorp and gave the company a “buy” rating in a report on Tuesday, July 25th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $15.33.
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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