MidSouth Bancorp (MSL) Rating Reiterated by Keefe, Bruyette & Woods
MidSouth Bancorp (NYSE:MSL)‘s stock had its “hold” rating reissued by analysts at Keefe, Bruyette & Woods in a report released on Wednesday. They currently have a $12.00 price objective on the bank’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential downside of 3.61% from the company’s previous close.
A number of other research firms have also issued reports on MSL. Hovde Group reduced their target price on shares of MidSouth Bancorp from $18.00 to $16.00 and set an “outperform” rating on the stock in a report on Thursday, June 8th. Stephens upgraded shares of MidSouth Bancorp from an “equal weight” rating to an “overweight” rating in a report on Monday, June 12th. Raymond James Financial, Inc. reiterated an “underperform” rating on shares of MidSouth Bancorp in a report on Friday, June 9th. UBS AG lowered shares of MidSouth Bancorp to an “underperform” rating in a report on Friday, June 9th. Finally, TheStreet lowered shares of MidSouth Bancorp from a “b-” rating to a “c” rating in a report on Monday, June 12th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. MidSouth Bancorp currently has a consensus rating of “Hold” and an average target price of $15.40.
Shares of MidSouth Bancorp (NYSE:MSL) traded down 0.602% during trading on Wednesday, hitting $12.375. 6,091 shares of the stock were exchanged. MidSouth Bancorp has a one year low of $9.95 and a one year high of $16.60. The company’s market cap is $204.72 million. The stock’s 50 day moving average price is $11.91 and its 200-day moving average price is $12.84.
MidSouth Bancorp (NYSE:MSL) last released its earnings results on Tuesday, July 25th. The bank reported ($0.38) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.44) by $0.06. The company had revenue of $23.47 million for the quarter, compared to analyst estimates of $23.50 million. MidSouth Bancorp had a net margin of 1.69% and a return on equity of 1.73%. On average, analysts predict that MidSouth Bancorp will post ($0.10) EPS for the current year.
Large investors have recently made changes to their positions in the business. New York State Common Retirement Fund purchased a new stake in shares of MidSouth Bancorp in the 2nd quarter valued at approximately $112,000. Segantii Capital Management Ltd increased its position in shares of MidSouth Bancorp by 463.9% in the 1st quarter. Segantii Capital Management Ltd now owns 10,151 shares of the bank’s stock valued at $155,000 after purchasing an additional 8,351 shares during the last quarter. First Manhattan Co. purchased a new stake in shares of MidSouth Bancorp in the 2nd quarter valued at approximately $177,000. Spark Investment Management LLC increased its position in shares of MidSouth Bancorp by 32.5% in the 2nd quarter. Spark Investment Management LLC now owns 15,100 shares of the bank’s stock valued at $177,000 after purchasing an additional 3,700 shares during the last quarter. Finally, MML Investors Services LLC increased its position in shares of MidSouth Bancorp by 16.9% in the 2nd quarter. MML Investors Services LLC now owns 15,205 shares of the bank’s stock valued at $179,000 after purchasing an additional 2,197 shares during the last quarter. 52.31% of the stock is currently owned by institutional investors.
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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