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). 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 bought $30,000 worth of shares at an average price of $12.00 on Thu the 8th. That brings Delhomme’s holdings to $409,800 as recorded in a recent Form 4 SEC filing.
James R. Davis, Director acquired $12,000 worth of shares at an average price of $12.00 on Thu the 8th. The Director now owns $448,476 of the stock 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 other firms who have also updated their positions. As of the end of the quarter Morgan Stanley had bought 37 shares growing its position 64.9%. The value in dollars decreased from $1,000 to $1,000 a change of 0.0% for the reporting period. Tower Research Capital LLC (trc) added to its holdings by buying 264 shares an increase of 46.6% from 06/30/2016 to 03/31/2017. Tower Research Capital LLC (trc) currently owns 830 shares worth $13,000. The total value of its holdings increased 116.7%.
Goldman Sachs Group Inc expanded its ownership by buying 12,624 shares an increase of 60.0% in the quarter. Goldman Sachs Group Inc controls 33,678 shares valued at $515,000. The value of the position overall is up by 144.1%. As of quarter end Jacobs Asset Management, LLC had disposed of a total of 53,139 shares trimming its stake by 17.4%. The value of the company’s investment in MidSouth Bancorp Common Stock went from $4,165,000 to $3,872,000 a change of $293,000 since the last quarter.
On May 9 the company was set at “Strong Buy” according to a Raymond James report which was a boost from the previous “Market Perform” rating. July 28 investment analysts at Keefe Bruyette & Woods left the stock rating at “Outperform” but raised the price expectation to $16.00 from $15.50.
On April 30 the company was downgraded to “Market Perform” from “Outperform” in an announcement from Raymond James. On April 29 Keefe Bruyette & Woods made no change to the company rating of “Outperform” and lowered the price expectation from $20.00 to $15.50.
January 28 investment analysts at Keefe Bruyette & Woods made no change to the stock rating of “Outperform” but moved down the price target to $20.00 from $22.00. May 16 investment analysts at Raymond James kept the stock rating at “Hold” but raised the price target to $20.00 from $17.87.
In the market the company is trading down from yesterday’s close of $12.05. Additionally the company recently announced a dividend that will be paid on Mon Jul 3, 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 has been established as Monday the 13th of March 2017.
Shares of the company are trading at $11.80 which is marginally lower than $14.27, the 50 day moving average and just below the 200 day moving average of $14.14. The 50 day moving average went down $-2.42 or -16.98% and the 200 day average went down $-2.29 or -16.18%.
The most current P/E ratio is 21.16 and the market value is 134.89M. 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.