MidSouth Bancorp (MSL) Raised to “Buy” at Zacks Investment Research
MidSouth Bancorp (NYSE:MSL) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday. The firm currently has a $14.00 price objective on the bank’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 7.69% from the company’s current price.
According to Zacks, “MIDSOUTH BANCORP, INC. is a bank holding company engaged in general banking business. “
Other equities research analysts have also recently issued research reports about the stock. Stephens set a $16.00 price target on shares of MidSouth Bancorp and gave the stock a “buy” rating in a report on Tuesday, July 25th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $12.00 price target on shares of MidSouth Bancorp in a report on Wednesday, October 4th. Finally, Sandler O’Neill reaffirmed a “buy” rating and issued a $14.00 price target on shares of MidSouth Bancorp in a report on Tuesday, September 5th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. MidSouth Bancorp presently has an average rating of “Hold” and an average target price of $15.17.
MidSouth Bancorp (NYSE:MSL) opened at 13.00 on Wednesday. The stock has a 50 day moving average price of $12.13 and a 200 day moving average price of $12.73. The firm’s market cap is $215.06 million. MidSouth Bancorp has a 52-week low of $9.95 and a 52-week high of $16.60.
MidSouth Bancorp (NYSE:MSL) last posted its quarterly earnings results on Tuesday, July 25th. The bank reported ($0.38) EPS for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.06. The company 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 analysts predict that MidSouth Bancorp will post ($0.10) earnings per share for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of United States & international trademark & copyright law. The legal version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/10/18/midsouth-bancorp-msl-raised-to-buy-at-zacks-investment-research.html.
A number of institutional investors have recently added to or reduced their stakes in the stock. Schneider Capital Management Corp purchased a new position in MidSouth Bancorp in the 2nd quarter valued at approximately $786,000. California State Teachers Retirement System purchased a new position in MidSouth Bancorp in the 2nd quarter valued at approximately $184,000. State Street Corp purchased a new position in MidSouth Bancorp in the 2nd quarter valued at approximately $1,164,000. Ulysses Management LLC purchased a new position in MidSouth Bancorp in the 2nd quarter valued at approximately $2,351,000. Finally, ELCO Management Co. LLC purchased a new position in MidSouth Bancorp in the 2nd quarter valued at approximately $950,000. Institutional investors and hedge funds own 52.31% of the company’s stock.
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.
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.