MidSouth Bancorp Common Stock (NYSE:MSL) has been the object of insider buying and selling activity recently. Erin E. Dewitt, SEVP & Chief Risk Officer bought $3,000 worth of shares at an average price of $12.00 on Thu the 8th. That brings Dewitt’s holdings to $27,000 as recorded in a recent Form 4 SEC filing. James R. Jr Mclemore, President & CEO reported the purchase of 1,500 shares of MSL stock. The shares were purchased at an average price of $12.00. The President & CEO now owns $68,316 of the stock per the Form 4 SEC filing.
C. R. Cloutier, President & CEO disclosed the sale of 15,000 shares. The shares were sold on March 1st for an average price of $14.13. Cloutier now owns $3,383,653 of the stock according to the 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 funds have also shifted positions in (MSL). As of quarter end Morgan Stanley had acquired a total of 37 shares growing its stake by 64.9%. The value of the investment in (MSL) went from $1,000 to $1,000 a change of $0 quarter to quarter. As of the end of the quarter Tower Research Capital LLC (trc) had bought 264 shares growing its position 46.6%. The value of the total investment in MidSouth Bancorp Common Stock increased from $6,000 to $13,000 a change of 116.7% since the last quarter.
As of the end of the quarter Goldman Sachs Group Inc had acquired 12,624 shares growing its holdings by 60.0%. The value of the investment in MidSouth Bancorp Common Stock went from $211,000 to $515,000 increasing 144.1% for the reporting period. Jacobs Asset Management, LLC cut its investment by shedding 53,139 shares a decrease of 17.4% in the quarter. Jacobs Asset Management, LLC claims 253,085 shares worth $3,872,000. The value of the position overall is down by 7.0%.
On May 9 the company was rated “Strong Buy” according to a Raymond James report up from the previous “Market Perform” rating. July 28 investment analysts at Keefe Bruyette & Woods held the stock rating at “Outperform” but raised the price expectation to $16.00 from $15.50.
On April 30, 2015 the stock rating was set at “Market Perform” by Raymond James a cut from the previous “Outperform” rating. On April 29 Keefe Bruyette & Woods left the stock rating at “Outperform” and moved down the price target from $20.00 to $15.50.
January 28 investment analysts at Keefe Bruyette & Woods kept the stock rating at “Outperform” but lowered the price target to $20.00 from $22.00. May 16 investment analysts at Raymond James left the company rating at “Hold” and raised the price target to $20.00 from $17.87.
The company is trading down by -0.83% since yesterday’s close of $12.05. MidSouth Bancorp Common Stock recently declared a dividend for shareholders payable on Monday the 3rd of July 2017. The dividend payment will be $0.090 per share for the quarter or $0.36 annualized. This dividend represents a yeild of $2.99 which is the dividend as a percentage of the current share price. The ex-dividend date will be on Monday March 13th, 2017.
The stock is trading at $11.95 which is a tad under the 50 day moving average which is $14.27 and a bit lower than the 200 day moving average of $14.14. The 50 day moving average went down by -16.100% and the 200 day average was down $-2.16.
The company’s P/E ratio is 21.384 and market capitalization is 136.31M. As of the latest earnings report the EPS was $0.56 and is projected to be $0.38 for the current year with 11,383,000 shares currently outstanding. Next quarter’s EPS is expected be $0.14 with next year’s EPS anticipated to be $0.84.