MidSouth Bancorp (MSL) Earns Daily Coverage Optimism Score of 0.12
News articles about MidSouth Bancorp (NYSE:MSL) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. MidSouth Bancorp earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news headlines about the bank an impact score of 46.7218712657136 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
MSL has been the topic of several analyst reports. TheStreet raised shares of MidSouth Bancorp from a “c+” rating to a “b-” rating in a research note on Wednesday, May 17th. UBS AG downgraded shares of MidSouth Bancorp to an “underperform” rating in a research report on Friday, June 9th. Stephens set a $16.00 target price on shares of MidSouth Bancorp and gave the stock a “buy” rating in a research report on Tuesday, July 25th. Hovde Group dropped their target price on shares of MidSouth Bancorp from $16.00 to $14.00 and set an “outperform” rating for the company in a research report on Wednesday, June 14th. Finally, Raymond James Financial, Inc. reissued an “underperform” rating on shares of MidSouth Bancorp in a research report on Friday, June 9th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. MidSouth Bancorp presently has an average rating of “Hold” and an average price target of $17.00.
Shares of MidSouth Bancorp (NYSE MSL) opened at 11.30 on Tuesday. The company’s market cap is $181.09 million. MidSouth Bancorp has a 12 month low of $9.52 and a 12 month high of $16.60. The company’s 50 day moving average is $11.67 and its 200-day moving average is $13.68.
MidSouth Bancorp (NYSE:MSL) last posted its quarterly earnings data on Tuesday, July 25th. The bank reported ($0.38) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.44) by $0.06. MidSouth Bancorp had a net margin of 1.69% and a return on equity of 1.84%. The business had revenue of $23.47 million during the quarter, compared to analysts’ expectations of $23.50 million. Analysts expect that MidSouth Bancorp will post ($0.10) EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Investors of record on Friday, September 15th will be given a dividend of $0.01 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.04 annualized dividend and a yield of 0.35%. MidSouth Bancorp’s dividend payout ratio is -360.00%.
In other news, Director R Glenn Pumpelly acquired 5,000 shares of the stock in a transaction dated Thursday, June 8th. The stock was bought at an average price of $12.00 per share, with a total value of $60,000.00. Following the completion of the purchase, the director now directly owns 95,473 shares of the company’s stock, valued at approximately $1,145,676. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Jake Delhomme acquired 2,500 shares of the stock in a transaction dated Thursday, June 8th. The stock was purchased at an average cost of $12.00 per share, with a total value of $30,000.00. Following the purchase, the chairman now directly owns 34,150 shares of the company’s stock, valued at $409,800. The disclosure for this purchase can be found here. Insiders have purchased 13,250 shares of company stock valued at $159,000 in the last ninety days. 19.84% of the stock is currently owned by company insiders.
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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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