Banc Funds Co. LLC Lowers Holdings in MidSouth Bancorp (MSL)
Banc Funds Co. LLC lowered its holdings in shares of MidSouth Bancorp (NYSE:MSL) by 47.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 130,393 shares of the bank’s stock after selling 117,300 shares during the quarter. Banc Funds Co. LLC owned 0.79% of MidSouth Bancorp worth $1,532,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in MidSouth Bancorp by 17.0% during the second quarter. Vanguard Group Inc. now owns 457,161 shares of the bank’s stock valued at $5,372,000 after purchasing an additional 66,563 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of MidSouth Bancorp by 9.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 383,844 shares of the bank’s stock worth $4,510,000 after acquiring an additional 33,622 shares during the last quarter. Thomson Horstmann & Bryant Inc. bought a new stake in shares of MidSouth Bancorp in the 2nd quarter worth about $2,643,000. M3F Inc. bought a new stake in shares of MidSouth Bancorp in the 2nd quarter worth about $1,421,000. Finally, Northern Trust Corp lifted its holdings in shares of MidSouth Bancorp by 322.2% in the 2nd quarter. Northern Trust Corp now owns 95,568 shares of the bank’s stock worth $1,123,000 after acquiring an additional 72,930 shares during the last quarter. Institutional investors and hedge funds own 52.31% of the company’s stock.
Shares of MidSouth Bancorp (NYSE MSL) opened at 12.35 on Thursday. The stock has a 50 day moving average of $11.61 and a 200 day moving average of $12.99. The company’s market cap is $204.31 million. MidSouth Bancorp has a 12-month low of $9.80 and a 12-month high of $16.60.
MidSouth Bancorp (NYSE:MSL) last announced its quarterly earnings results on Tuesday, July 25th. The bank reported ($0.38) earnings per share for the quarter, beating the consensus estimate of ($0.44) by $0.06. The firm had revenue of $23.47 million for the quarter, compared to analysts’ expectations of $23.50 million. MidSouth Bancorp had a net margin of 1.69% and a return on equity of 1.73%. Equities research analysts predict that MidSouth Bancorp will post ($0.10) earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.04 annualized dividend and a dividend yield of 0.32%. MidSouth Bancorp’s payout ratio is -40.00%.
Several research firms have recently issued reports on MSL. UBS AG lowered shares of MidSouth Bancorp to an “underperform” rating in a report on Friday, June 9th. Zacks Investment Research upgraded shares of MidSouth Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Stephens set a $16.00 target price on shares of MidSouth Bancorp and gave the stock a “buy” rating in a report on Tuesday, July 25th. Hovde Group lowered their target price on shares of MidSouth Bancorp from $18.00 to $16.00 and set an “outperform” rating for the company in a report on Thursday, June 8th. Finally, Sandler O’Neill restated a “buy” rating and issued a $14.00 target price on shares of MidSouth Bancorp in a report on Tuesday, September 5th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $16.40.
MidSouth Bancorp 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.
Receive News & Stock 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 stocks with our FREE daily email newsletter.