MidSouth Bancorp Common Stock (NYSE:MSL) has been the object of insider buying activity recently. Erin E. Dewitt, SEVP & Chief Risk Officer acquired $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 reported to the SEC. Jake Delhomme, Director disclosed the purchase of 2,500 shares of (MSL). The shares were purchased at an average price of $12.00. The Director now owns $409,800 of the stock per the Form 4 SEC filing.
James R. Davis, Director disclosed the purchase of 1,000 shares. The shares were bought on June 8th for an average price of $12.00. Davis now owns $448,476 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 firms have also modified their investment in MSL. Morgan Stanley grew its ownership by buying 37 shares an increase of 64.9% in the quarter. Morgan Stanley now controls 94 shares worth $1,000. The total value of its holdings decreased 0.0%. Tower Research Capital LLC (trc) expanded its investment by buying 264 shares an increase of 46.6% from 06/30/2016 to 03/31/2017. Tower Research Capital LLC (trc) claims 830 shares with a value of $13,000. The value of the position overall is up by 116.7%.
As of the end of the quarter Goldman Sachs Group Inc had bought 12,624 shares growing its position 60.0%. The value in dollars went from $211,000 to $515,000 a change of $304,000 since the last quarter. Jacobs Asset Management, LLC divested its position by shedding 53,139 shares a decrease of 17.4% as of 03/31/2017. Jacobs Asset Management, LLC currently owns 253,085 shares valued at $3,872,000. The total value of its holdings decreased 7.0%.
On May 9 the stock rating was upgraded to “Strong Buy” from “Market Perform” by analysts at Raymond James. On July 28 Keefe Bruyette & Woods held the stock rating at “Outperform” but raised the price target from $15.50 to $16.00.
On April 30, 2015 the stock rating was set at “Market Perform” by Raymond James a cut from the previous “Outperform” rating. April 29 investment analysts at Keefe Bruyette & Woods left the stock rating at “Outperform” and moved down the price target to $15.50 from $20.00.
January 28 investment analysts at Keefe Bruyette & Woods left the company rating at “Outperform” and lowered the price target to $20.00 from $22.00. On May 16 Raymond James maintained a company rating of “Hold” but moved up the price target to $20.00 from $17.87.
The company is trading down by -2.49 percent from yesterday’s close. MidSouth Bancorp Common Stock recently announced a dividend for shareholders that will be paid on Monday the 3rd of July 2017. The dividend will be $0.090 per share for the quarter which comes to $0.36 on an annualized basis. 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 Monday the 13th of March 2017.
Shares last traded at $11.75 which is just under $14.27, the 50 day moving average and which is slightly below 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 went down by -16.89%.
MidSouth Bancorp Common Stock’s P/E ratio is 20.98 and the market cap of the company is 133.75M. As of the last earnings report the EPS was $0.56 and is projected to be $0.38 for the current year with 11,383,000 shares outstanding. Analysts expect next quarter’s EPS to be $0.14 and the next full year EPS is projected to be $0.84.