Teachers Advisors LLC Acquires New Position in MidSouth Bancorp (MSL)
Teachers Advisors LLC acquired a new stake in MidSouth Bancorp (NYSE:MSL) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 17,472 shares of the bank’s stock, valued at approximately $205,000. Teachers Advisors LLC owned about 0.11% of MidSouth Bancorp as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of MSL. First Manhattan Co. acquired a new position in MidSouth Bancorp in the 2nd quarter valued at $177,000. Spark Investment Management LLC raised its stake in MidSouth Bancorp by 32.5% in the 2nd quarter. Spark Investment Management LLC now owns 15,100 shares of the bank’s stock valued at $177,000 after purchasing an additional 3,700 shares during the last quarter. Schwab Charles Investment Management Inc. acquired a new position in MidSouth Bancorp in the 2nd quarter valued at $191,000. JPMorgan Chase & Co. raised its stake in MidSouth Bancorp by 6,415.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 17,070 shares of the bank’s stock valued at $201,000 after purchasing an additional 16,808 shares during the last quarter. Finally, Eagle Global Advisors LLC raised its stake in MidSouth Bancorp by 24.6% in the 2nd quarter. Eagle Global Advisors LLC now owns 19,297 shares of the bank’s stock valued at $227,000 after purchasing an additional 3,808 shares during the last quarter. 50.13% of the stock is owned by hedge funds and other institutional investors.
Shares of MidSouth Bancorp (NYSE 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 quick ratio of 0.84 and a current ratio of 0.84.
MidSouth Bancorp (NYSE:MSL) last issued its earnings results on Tuesday, October 24th. The bank reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. MidSouth Bancorp had a return on equity of 1.43% and a net margin of 0.94%. The business had revenue of $24.30 million during the quarter, compared to the consensus estimate of $23.32 million. 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. Shareholders of record on Friday, December 15th will be paid 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 is Thursday, December 14th. MidSouth Bancorp’s dividend payout ratio (DPR) is presently -21.05%.
In related news, Director Clayton Paul Hilliard sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $12.90, for a total transaction of $64,500.00. Following the completion of the sale, the director now directly owns 129,785 shares of the company’s stock, valued at approximately $1,674,226.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director C R. Cloutier sold 8,124 shares of the firm’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $13.77, for a total value of $111,867.48. The disclosure for this sale can be found here. Insiders sold a total of 27,364 shares of company stock valued at $366,509 over the last ninety days. Corporate insiders own 19.84% of the company’s stock.
MSL has been the subject of several recent research reports. 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. 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. Zacks Investment Research raised MidSouth Bancorp from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Wednesday, October 25th. Finally, 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. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. MidSouth Bancorp presently has an average rating of “Hold” and a consensus price target of $15.33.
MidSouth Bancorp 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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