There has been some buying insider activity on MidSouth Bancorp Common Stock (NYSE:MSL) recently. Erin E. Dewitt, SEVP & Chief Risk Officer disclosed the purchase of 250 shares of MSL stock. The shares were purchased at 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 disclosed the purchase of 2,500 shares of (MSL). The shares were bought on June 8th for an average price of $12.00. Delhomme now owns $409,800 of the stock per the Form 4 SEC filing.
James R. Davis, Director reported the purchase of 1,000 shares. The shares were purchased at an average price of $12.00. The Director 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 funds have also shifted positions in (MSL). Morgan Stanley bolstered its investment by buying 37 shares an increase of 64.9%. Morgan Stanley now holds 94 shares valued at $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 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% for the reporting period.
As of quarter end Goldman Sachs Group Inc had bought 12,624 shares growing its stake 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. As of the end of the quarter Jacobs Asset Management, LLC had disposed of a total of 53,139 shares trimming its holdings by 17.4%. The value of the investment in MidSouth Bancorp Common Stock went from $4,165,000 to $3,872,000 decreasing 7.0% quarter to quarter.
On May 9, 2016 the stock rating was changed to a “Strong Buy” according to a Raymond James report a boost from the previous “Market Perform” rating. July 28 investment analysts at Keefe Bruyette & Woods held the company rating at “Outperform” and raised the price expectation from $15.50 to $16.00.
On April 30 the stock rating was downgraded to “Market Perform” from “Outperform” by Raymond James. On April 29 Keefe Bruyette & Woods kept the company rating at “Outperform” but moved down the price target to $15.50 from $20.00.
January 28 investment analysts at Keefe Bruyette & Woods made no change to the company rating of “Outperform” and lowered the price target to $20.00 from $22.00. On May 16 Raymond James left the company rating at “Hold” but raised the price target from $17.87 to $20.00.
The company is trading down by -1.66% since yesterday’s close of $12.05. Additionally the company recently announced a dividend for shareholders to be paid on Monday July 3rd, 2017. The dividend will be $0.090 per share for the quarter which is $0.36 annualized. This dividend amount will represent a yeild of $2.99. The ex-dividend date will be Monday March 13th, 2017.
It is trading at $11.85 a tad below the 50 day moving average of $14.27 and which is marginally under the 200 day moving average of $14.14. The 50 day moving average was down by -17.501% and the 200 day average went down by -16.712%.
The P/E ratio is 21.027 and market cap is 134.03M. As of 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 currently outstanding. Next quarter’s EPS is expected be $0.14 and the next full year EPS is projected to be $0.84.