MidSouth Bancorp, Inc. (NYSE:MSL) Short Interest Down 27.0% in July

MidSouth Bancorp, Inc. (NYSE:MSL) was the target of a large decline in short interest in the month of July. As of July 31st, there was short interest totalling 405,100 shares, a decline of 27.0% from the June 30th total of 555,100 shares. Currently, 2.8% of the shares of the company are short sold. Based on an average daily volume of 77,000 shares, the short-interest ratio is currently 5.3 days.

MSL has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of MidSouth Bancorp from a “strong sell” rating to a “hold” rating in a research report on Saturday, May 25th. FIG Partners downgraded shares of MidSouth Bancorp from an “outperform” rating to a “market-perform” rating in a research report on Wednesday, May 1st. Finally, ValuEngine raised shares of MidSouth Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. MidSouth Bancorp presently has a consensus rating of “Buy” and a consensus target price of $13.00.

NYSE:MSL traded down $0.30 during trading hours on Monday, reaching $10.73. The company had a trading volume of 41,112 shares, compared to its average volume of 72,841. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.74 and a current ratio of 0.74. MidSouth Bancorp has a 52 week low of $10.07 and a 52 week high of $16.15. The stock has a market cap of $184.72 million, a price-to-earnings ratio of -29.00 and a beta of 1.22. The company’s 50 day simple moving average is $11.62.

MidSouth Bancorp (NYSE:MSL) last issued its quarterly earnings data on Thursday, July 25th. The bank reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.18). MidSouth Bancorp had a negative net margin of 38.21% and a negative return on equity of 10.31%. The business had revenue of $20.71 million for the quarter, compared to the consensus estimate of $19.97 million. On average, equities research analysts predict that MidSouth Bancorp will post 0.05 earnings per share for the current year.

Several hedge funds have recently modified their holdings of MSL. Kennedy Capital Management Inc. bought a new stake in shares of MidSouth Bancorp during the 1st quarter valued at $2,014,000. OMERS ADMINISTRATION Corp bought a new stake in shares of MidSouth Bancorp during the 2nd quarter valued at $1,049,000. Dimensional Fund Advisors LP grew its position in shares of MidSouth Bancorp by 9.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 780,852 shares of the bank’s stock valued at $8,277,000 after acquiring an additional 65,333 shares during the period. Russell Investments Group Ltd. grew its position in shares of MidSouth Bancorp by 3,456.7% during the 2nd quarter. Russell Investments Group Ltd. now owns 60,464 shares of the bank’s stock valued at $716,000 after acquiring an additional 58,764 shares during the period. Finally, GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in shares of MidSouth Bancorp during the 2nd quarter valued at $523,000. 67.69% of the stock is owned by hedge funds and other institutional investors.

MidSouth Bancorp Company Profile

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 deposit; and commercial and industrial, commercial real estate, and consumer loans, as well as other loans secured by real estate.

Further Reading: Gross Domestic Product (GDP)

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