Here is the rundown on market activity for MidSouth Bancorp Common Stock (NYSE:MSL). 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 acquired $30,000 worth of shares at an average price of $12.00 on June 8th. That brings Delhomme’s holdings to $409,800 as recorded in a recent Form 4 SEC filing.
Director James R. Davis purchased 1,000 shares at an average price of $12.00 on Thu the 8th. That brings the Director’s holdings to $448,476 as reported to the SEC.
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..
Here are a few additional firms who have increased or decreased their stake in (MSL). Morgan Stanley added to its stake by buying 37 shares an increase of 64.9%. Morgan Stanley currently owns 94 shares worth $1,000. The value of the position overall is down by 0.0%. As of the end of the quarter Tower Research Capital LLC (trc) had acquired a total of 264 shares growing its stake by 46.6%. The value in dollars went from $6,000 to $13,000 a change of 116.7% since the last quarter.
As of quarter end Goldman Sachs Group Inc had bought 12,624 shares growing its holdings by 60.0%. The value of the total investment in MidSouth Bancorp Common Stock increased from $211,000 to $515,000 a change of $304,000 for the reporting period. Jacobs Asset Management, LLC cut its holdings by selling 53,139 shares a decrease of 17.4% as of 03/31/2017. 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 upgraded to “Strong Buy” from “Market Perform” in an announcement from Raymond James. July 28 investment analysts at Keefe Bruyette & Woods kept the company rating at “Outperform” but moved up the price target to $16.00 from $15.50.
On April 30 the stock rating was downgraded from “Outperform” to “Market Perform” by Raymond James. On April 29 Keefe Bruyette & Woods held the stock rating at “Outperform” and lowered the price target from $20.00 to $15.50.
On January 28 Keefe Bruyette & Woods maintained a stock rating of “Outperform” but lowered the price expectation to $20.00 from $22.00. May 16 investment analysts at Raymond James kept the stock rating at “Hold” and moved up the price target from $17.87 to $20.00.
In the market the company is trading down by -3.32 percent from yesterday’s close. Additionally MidSouth Bancorp Common Stock declared a dividend payable on Monday July 3rd, 2017. The dividend payment will be $0.090 per share for the quarter or $0.36 on an annualized basis. This dividend amount will represent a yeild of $2.99. The ex-dividend date will be Monday the 13th of March 2017.
It is currently trading at $11.65 just below the 50 day moving average of $14.27 and a bit lower than the 200 day moving average of $14.14. The 50 day moving average went down $-2.52 or -17.68% and the 200 day average was down $-2.39.
MidSouth Bancorp Common Stock’s P/E ratio is 20.98 and market capitalization is 133.75M. As of the latest 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 estimated at $0.14 with next year’s EPS projected to be $0.84.