MidSouth Bancorp (MSL) Stock Rating Lowered by ValuEngine

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.

MidSouth Bancorp (NYSE:MSL) last announced its quarterly earnings data on Tuesday, October 24th. The bank reported $0.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.01. MidSouth Bancorp had a return on equity of 1.43% and a net margin of 0.94%. The firm had revenue of $24.30 million for the quarter, compared to analysts’ expectations of $23.32 million. sell-side analysts anticipate that MidSouth Bancorp will post -0.06 EPS for the current fiscal year.

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.

COPYRIGHT VIOLATION NOTICE: “MidSouth Bancorp (MSL) Stock Rating Lowered by ValuEngine” was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this news story on another website, it was illegally stolen and reposted in violation of US & international trademark & copyright law. The correct version of this news story can be accessed at https://www.com-unik.info/2017/12/24/midsouth-bancorp-msl-stock-rating-lowered-by-valuengine.html.

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.

Analyst Recommendations 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 MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit