MidSouth Bancorp (MSL) To Go Ex-Dividend on September 14th
MidSouth Bancorp (NYSE:MSL) declared a quarterly dividend on Wednesday, July 26th, Wall Street Journal reports. Stockholders of record on Friday, September 15th will be given a dividend of 0.01 per share by the bank on Monday, October 2nd. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date of this dividend is Thursday, September 14th.
MidSouth Bancorp has increased its dividend payment by an average of 6.3% per year over the last three years. MidSouth Bancorp has a dividend payout ratio of -44.4% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect MidSouth Bancorp to earn $0.67 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 6.0%.
MidSouth Bancorp (NYSE MSL) opened at 12.05 on Friday. The stock has a 50 day moving average of $11.51 and a 200-day moving average of $13.14. MidSouth Bancorp has a 1-year low of $9.52 and a 1-year high of $16.60. The firm’s market capitalization is $199.34 million.
MidSouth Bancorp (NYSE:MSL) last issued its quarterly earnings data on Tuesday, July 25th. The bank reported ($0.38) EPS for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.06. MidSouth Bancorp had a net margin of 1.69% and a return on equity of 1.73%. The business had revenue of $23.47 million for the quarter, compared to analyst estimates of $23.50 million. On average, equities research analysts anticipate that MidSouth Bancorp will post ($0.10) earnings per share for the current year.
A number of equities research analysts recently commented on MSL shares. TheStreet upgraded shares of MidSouth Bancorp from a “c+” rating to a “b-” rating in a report on Wednesday, May 17th. Raymond James Financial, Inc. restated an “underperform” rating on shares of MidSouth Bancorp in a report on Friday, June 9th. Hovde Group dropped their price objective on shares of MidSouth Bancorp from $16.00 to $14.00 and set an “outperform” rating on the stock in a report on Wednesday, June 14th. Stephens upgraded shares of MidSouth Bancorp from an “equal weight” rating to an “overweight” rating in a report on Monday, June 12th. Finally, Sandler O’Neill restated a “buy” rating and set a $14.00 price objective on shares of MidSouth Bancorp in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. MidSouth Bancorp presently has an average rating of “Hold” and an average price target of $16.40.
A hedge fund recently bought a new stake in MidSouth Bancorp stock. California State Teachers Retirement System acquired a new position in shares of MidSouth Bancorp (NYSE:MSL) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 15,700 shares of the bank’s stock, valued at approximately $184,000. California State Teachers Retirement System owned 0.09% of MidSouth Bancorp as of its most recent SEC filing. Institutional investors and hedge funds own 52.31% of the company’s stock.
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About MidSouth Bancorp
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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