MidSouth Bancorp (MSL) Rating Lowered to Hold at Zacks Investment Research
MidSouth Bancorp (NYSE:MSL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.
According to Zacks, “MIDSOUTH BANCORP, INC. is a bank holding company engaged in general banking business. “
Other research analysts have also issued reports about the company. Sandler O’Neill reiterated a “buy” rating and issued a $14.00 price objective on shares of MidSouth Bancorp in a research report on Tuesday, September 5th. Stephens reiterated a “buy” rating and issued a $15.00 price objective on shares of MidSouth Bancorp in a research report on Wednesday, August 2nd. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $12.00 price objective on shares of MidSouth Bancorp in a research report on Wednesday, October 4th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $15.17.
Shares of MidSouth Bancorp (MSL) opened at 13.35 on Friday. The company’s market cap is $220.85 million. MidSouth Bancorp has a 52-week low of $9.95 and a 52-week high of $16.60. The company has a 50-day moving average price of $12.28 and a 200-day moving average price of $12.69.
MidSouth Bancorp (NYSE:MSL) last issued its quarterly earnings data on Tuesday, July 25th. The bank reported ($0.38) earnings per share for the quarter, topping the consensus estimate of ($0.44) by $0.06. The company had revenue of $23.47 million during the quarter, compared to analyst estimates of $23.50 million. MidSouth Bancorp had a return on equity of 1.73% and a net margin of 1.69%. On average, equities analysts predict that MidSouth Bancorp will post ($0.10) EPS for the current year.
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Large investors have recently added to or reduced their stakes in the business. Eagle Global Advisors LLC lifted its stake in MidSouth Bancorp by 24.6% during the second quarter. Eagle Global Advisors LLC now owns 19,297 shares of the bank’s stock worth $227,000 after purchasing an additional 3,808 shares in the last quarter. Goldman Sachs Group Inc. acquired a new position in MidSouth Bancorp during the first quarter worth $515,000. Naples Global Advisors LLC lifted its stake in MidSouth Bancorp by 15.0% during the second quarter. Naples Global Advisors LLC now owns 24,550 shares of the bank’s stock worth $288,000 after purchasing an additional 3,200 shares in the last quarter. Strs Ohio acquired a new position in MidSouth Bancorp during the second quarter worth $360,000. Finally, ELCO Management Co. LLC acquired a new position in MidSouth Bancorp during the second quarter worth $950,000. Institutional investors own 52.31% of the company’s stock.
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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