Here is the rundown on market activity for MidSouth Bancorp Common Stock (NYSE:MSL). Erin E. Dewitt, SEVP & Chief Risk Officer disclosed the purchase of 250 shares. 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 according to the SEC filing. Jake Delhomme, Director bought $30,000 worth of shares at an average price of $12.00 on June 8th. That brings Delhomme’s holdings to $409,800 as reported to the SEC.
Director James R. Davis disclosed the purchase of 1,000 shares of (MSL). The shares were purchased at an average price of $12.00. Davis now owns $448,476 of the stock per the Form 4 SEC filing.
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 acquired a total of 37 shares growing its stake by 64.9%. The value of the company’s investment in MidSouth Bancorp Common Stock decreased from $1,000 to $1,000 a change of 0.0% for the reporting period. As of quarter end Tower Research Capital LLC (trc) had bought 264 shares growing its position 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 quarter end Goldman Sachs Group Inc had bought a total of 12,624 shares growing its holdings by 60.0%. The value of the investment in (MSL) went from $211,000 to $515,000 a change of $304,000 quarter over quarter. Jacobs Asset Management, LLC cut its holdings by selling 53,139 shares a decrease of 17.4%. Jacobs Asset Management, LLC owns 253,085 shares valued at $3,872,000. The value of the position overall is down by 7.0%.
On May 9 the stock rating was upgraded to “Strong Buy” from “Market Perform” in an announcement from Raymond James. July 28 investment analysts at Keefe Bruyette & Woods held the stock rating at “Outperform” but raised the price expectation from $15.50 to $16.00.
On April 30 the company was rated “Market Perform” by Raymond James a cut from the previous “Outperform” rating. On April 29 Keefe Bruyette & Woods maintained a stock rating of “Outperform” but moved down the price target to $15.50 from $20.00.
January 28 investment analysts at Keefe Bruyette & Woods kept the stock rating at “Outperform” and moved down the price target from $22.00 to $20.00. May 16 investment analysts at Raymond James left the stock rating at “Hold” and raised the price target to $20.00 from $17.87.
The company is down since yesterday’s close of $12.05. The company 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 is $0.36 annualized. The dividend yield will be $2.99. The ex-dividend date is set for Monday the 13th of March 2017.
Company shares last traded at $11.80 which is a tad under $14.27, the stock’s 50 day moving average and a bit lower than the 200 day moving average of $14.14. The 50 day moving average moved down $-2.52 whereas the 200 day average was down by -16.89%.
MidSouth Bancorp Common Stock currently has a P/E ratio of 20.98 and the market value is 133.75M. As of the latest earnings report the EPS was $0.56 and is expected to be $0.38 for the current year with 11,383,000 shares currently outstanding. Next quarter’s EPS is forecasted to be $0.14 with next year’s EPS anticipated to be $0.84.