MidSouth Bancorp (NYSE:MSL) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a note issued to investors on Friday.
Other research analysts have also recently issued reports about the company. Zacks Investment Research raised MidSouth Bancorp from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research note on Wednesday, October 18th. Sandler O’Neill reaffirmed a “buy” rating and set a $14.00 price objective on shares of MidSouth Bancorp in a research note on Tuesday, September 5th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $12.00 price objective on shares of MidSouth Bancorp in a research note on Wednesday, October 4th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $14.00.
MidSouth Bancorp (MSL) opened at $13.30 on Friday. MidSouth Bancorp has a 12 month low of $11.05 and a 12 month high of $16.60. The stock has a market capitalization of $225.06, a PE ratio of -70.00 and a beta of 1.08. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.84 and a current ratio of 0.84.
In other news, Director Clayton Paul Hilliard sold 5,000 shares of the stock in a transaction dated Monday, November 20th. The shares were 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 in the company, valued at $1,674,226.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director C R. Cloutier sold 3,300 shares of the stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $13.51, for a total transaction of $44,583.00. The disclosure for this sale can be found here. Insiders have sold 38,364 shares of company stock worth $507,019 over the last ninety days. Insiders own 19.84% of the company’s stock.
Several institutional investors have recently bought and sold shares of MSL. Vanguard Group Inc. boosted its holdings in shares of MidSouth Bancorp by 2.0% during the first 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 holdings in shares of MidSouth Bancorp by 7.3% during the first 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. Strs Ohio purchased a new stake in shares of MidSouth Bancorp during the second quarter worth about $360,000. Schwab Charles Investment Management Inc. purchased a new stake in shares of MidSouth Bancorp during the second quarter worth about $191,000. Finally, Bank of New York Mellon Corp boosted its holdings in shares of MidSouth Bancorp by 73.0% during the second quarter. Bank of New York Mellon Corp now owns 55,665 shares of the bank’s stock worth $654,000 after purchasing an additional 23,483 shares during the period. Institutional investors own 56.74% 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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