Schwab Charles Investment Management Inc. Acquires Shares of 16,200 MidSouth Bancorp (MSL)
Schwab Charles Investment Management Inc. acquired a new position in shares of MidSouth Bancorp (NYSE:MSL) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 16,200 shares of the bank’s stock, valued at approximately $191,000. Schwab Charles Investment Management Inc. owned about 0.10% of MidSouth Bancorp at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of the company. First Manhattan Co. bought a new stake in MidSouth Bancorp in the second quarter worth approximately $177,000. Spark Investment Management LLC increased its holdings in MidSouth Bancorp by 32.5% in the second quarter. Spark Investment Management LLC now owns 15,100 shares of the bank’s stock worth $177,000 after purchasing an additional 3,700 shares in the last quarter. Eagle Global Advisors LLC increased its holdings in MidSouth Bancorp by 24.6% in the second quarter. Eagle Global Advisors LLC now owns 19,297 shares of the bank’s stock worth $227,000 after purchasing an additional 3,808 shares in the last quarter. Municipal Employees Retirement System of Michigan bought a new stake in MidSouth Bancorp in the second quarter worth approximately $550,000. Finally, Strs Ohio bought a new stake in MidSouth Bancorp in the second quarter worth approximately $360,000. Institutional investors own 50.91% of the company’s stock.
Shares of MidSouth Bancorp (MSL) opened at $12.70 on Tuesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.82 and a quick ratio of 0.82. MidSouth Bancorp has a one year low of $10.25 and a one year high of $16.60.
MidSouth Bancorp (NYSE:MSL) last announced its quarterly earnings data on Tuesday, October 24th. The bank reported $0.07 EPS for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.01. The firm had revenue of $24.30 million during the quarter, compared to analysts’ expectations of $23.32 million. MidSouth Bancorp had a return on equity of 1.50% and a net margin of 0.94%. equities research analysts predict that MidSouth Bancorp will post -0.06 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 15th will be given a dividend of $0.01 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.04 annualized dividend and a dividend yield of 0.31%. MidSouth Bancorp’s payout ratio is -21.05%.
In related news, Director C R. Cloutier sold 3,300 shares of MidSouth Bancorp stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $13.51, for a total transaction of $44,583.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director C R. Cloutier sold 6,700 shares of MidSouth Bancorp stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $13.51, for a total value of $90,517.00. Following the transaction, the director now directly owns 220,342 shares in the company, valued at approximately $2,976,820.42. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,824 shares of company stock worth $268,977. 19.84% of the stock is owned by insiders.
A number of equities research analysts have weighed in on the company. Zacks Investment Research downgraded MidSouth Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, October 26th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $12.00 price objective on shares of MidSouth Bancorp in a research note on Wednesday, October 4th. Sandler O’Neill reissued a “buy” rating and issued a $14.00 price objective on shares of MidSouth Bancorp in a research note on Tuesday, September 5th. Finally, Stephens reissued a “buy” rating and issued a $15.00 price objective on shares of MidSouth Bancorp in a research note on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus 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.
Want to see what other hedge funds are holding MSL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MidSouth Bancorp (NYSE:MSL).
Receive News & Ratings for MidSouth Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MidSouth Bancorp and related companies with Analyst Ratings Network's FREE daily email newsletter.