MidSouth Bancorp (MSL) Rating Lowered to Market Perform at FIG Partners

FIG Partners cut shares of MidSouth Bancorp (NYSE:MSL) from an outperform rating to a market perform rating in a report issued on Thursday morning, The Fly reports.

Other research analysts have also recently issued reports about the company. Sandler O’Neill cut MidSouth Bancorp from a buy rating to a hold rating and set a $15.00 price target for the company. in a research report on Wednesday, August 1st. ValuEngine cut MidSouth Bancorp from a strong-buy rating to a buy rating in a research report on Tuesday, September 4th. Zacks Investment Research cut MidSouth Bancorp from a buy rating to a hold rating in a research report on Tuesday, November 6th. Finally, Raymond James raised MidSouth Bancorp from an underperform rating to a market perform rating in a research report on Friday, August 17th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $16.00.

Shares of NYSE MSL opened at $13.22 on Thursday. MidSouth Bancorp has a 52 week low of $12.15 and a 52 week high of $16.15. The company has a market cap of $219.99 million, a P/E ratio of 94.43 and a beta of 1.40.

MidSouth Bancorp (NYSE:MSL) last issued its quarterly earnings results on Tuesday, October 30th. The bank reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.08. MidSouth Bancorp had a positive return on equity of 2.32% and a negative net margin of 16.04%. The firm had revenue of $21.56 million during the quarter, compared to analysts’ expectations of $21.52 million. Equities analysts predict that MidSouth Bancorp will post 0.13 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Monday, December 17th will be given a $0.01 dividend. The ex-dividend date is Thursday, December 13th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.30%. MidSouth Bancorp’s payout ratio is -14.81%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Acadian Asset Management LLC acquired a new stake in shares of MidSouth Bancorp in the second quarter valued at approximately $129,000. Citadel Advisors LLC acquired a new stake in shares of MidSouth Bancorp in the third quarter valued at approximately $185,000. Maltese Capital Management LLC acquired a new stake in shares of MidSouth Bancorp in the second quarter valued at approximately $611,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of MidSouth Bancorp in the second quarter valued at approximately $1,121,000. Finally, Bridgeway Capital Management Inc. lifted its position in shares of MidSouth Bancorp by 25.4% in the third quarter. Bridgeway Capital Management Inc. now owns 123,412 shares of the bank’s stock valued at $1,901,000 after buying an additional 25,000 shares during the last quarter. 63.37% of the stock is owned by institutional investors.

About MidSouth Bancorp

MidSouth Bancorp, Inc, a bank holding company, through its subsidiary MidSouth Bank, N.A., provides various community banking products and services to commercial and retail customers in the United States. The company offers various deposit products, including interest-bearing and noninterest-bearing checking accounts, money market, savings accounts, investment accounts, and NOW account deposits, as well as time deposits, such as certificates of deposits; and commercial and industrial, commercial real estate, and consumer loans, as well as other loans secured by real estate.

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