MidSouth Bancorp Common Stock (NYSE:MSL) has been the object of insider buying activity recently. SEVP & Chief Risk Officer Erin E. Dewitt disclosed the purchase of 250 shares of MSL stock. The shares were bought on June 8th for an average price of $12.00. The SEVP & Chief Risk Officer now owns $27,000 of the stock per the Form 4 SEC filing. Jake Delhomme, Director reported the purchase of 2,500 shares of (MSL). The shares were purchased at an average price of $12.00. Delhomme now owns $409,800 of the stock according to the SEC filing.
Director James R. Davis purchased 1,000 shares at an average price of $12.00 on June 8th. That brings Davis’s holdings to $448,476 per an SEC filing yesterday.
MidSouth Bancorp, Inc., launched on April 17, 1984, is a financial holding company. The Company operates primarily through its 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..
These firms have also modified their investment in MSL. As of the end of the quarter Morgan Stanley had bought 37 shares growing its holdings by 64.9%. The value of the investment in (MSL) decreased from $1,000 to $1,000 a change of $0 quarter to quarter. As of quarter end Tower Research Capital LLC (trc) had acquired a total of 264 shares growing its stake by 46.6%. The value of the investment in MSL went from $6,000 to $13,000 increasing 116.7% since the last quarter.
As of the end of the quarter Goldman Sachs Group Inc had bought 12,624 shares growing its position 60.0%. The value of the investment in MidSouth Bancorp Common Stock went from $211,000 to $515,000 a change of 144.1% for the reporting period. Jacobs Asset Management, LLC divested its position by shedding 53,139 shares a decrease of 17.4% in the quarter. Jacobs Asset Management, LLC owns 253,085 shares with a value of $3,872,000. The total value of its holdings decreased 7.0%.
On May 9 the company was set at “Strong Buy” in a report from Raymond James up from the previous “Market Perform” rating. July 28 investment analysts at Keefe Bruyette & Woods held the company rating at “Outperform” but moved up the price target to $16.00 from $15.50.
On April 30 the company was downgraded to “Market Perform” from “Outperform” by Raymond James. On April 29 Keefe Bruyette & Woods left the stock rating at “Outperform” but lowered the price target from $20.00 to $15.50.
On January 28 Keefe Bruyette & Woods held the stock rating at “Outperform” and lowered the price target to $20.00 from $22.00. May 16 investment analysts at Raymond James maintained a company rating of “Hold” and moved up the price target from $17.87 to $20.00.
In the market the company is trading down by -1.94% since yesterday’s close of $12.05. MidSouth Bancorp Common Stock also announced a dividend for shareholders to be paid on Monday the 3rd of July 2017. The dividend payment will be $0.090 per share for the quarter which comes to $0.36 on an annualized basis. The dividend yield will be $2.99. The ex-dividend date is set for Monday the 13th of March 2017.
Shares are trading at $11.82 which is just a bit below the 50 day moving average of $14.27 and a tad below the 200 day moving average of $14.14. The 50 day moving average was down $-2.46 and the 200 day average was down $-2.32.
The company currently has a P/E ratio of 21.100 and the market cap of the company is 134.50M. In the last earnings report the EPS was $0.56 and is estimated to be $0.38 for the current year with 11,383,000 shares now outstanding. Next quarter’s EPS is forecasted to be $0.14 and the next full year EPS is projected to be $0.84.