MidSouth Bancorp Common Stock (NYSE:MSL) has been the object of insider buying activity recently. SEVP & Chief Risk Officer Erin E. Dewitt purchased 250 shares at an average price of $12.00 on Thu the 8th. That brings Dewitt’s holdings to $27,000 per an SEC filing yesterday. Jake Delhomme, Director reported the purchase of 2,500 shares. The shares were bought on June 8th for an average price of $12.00. The Director now owns $409,800 of the stock per the Form 4 SEC filing.
Director James R. Davis acquired 1,000 shares at an average price of $12.00 on June 8th. Davis now owns $448,476 of 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..
These firms have also modified their investment in MSL. Morgan Stanley added to its investment by buying 37 shares an increase of 64.9% from 12/31/2016 to 03/31/2017. Morgan Stanley now holds 94 shares with a value of $1,000. The value of the position overall is down by 0.0%. Tower Research Capital LLC (trc) bolstered its ownership by buying 264 shares an increase of 46.6% as of 03/31/2017. Tower Research Capital LLC (trc) controls 830 shares worth $13,000. The total value of its holdings increased 116.7%.
Goldman Sachs Group Inc augmented its holdings by buying 12,624 shares an increase of 60.0% in the quarter. Goldman Sachs Group Inc currently owns 33,678 shares valued at $515,000. The total value of its holdings increased 144.1%. Jacobs Asset Management, LLC downsized its stake by shedding 53,139 shares a decrease of 17.4%. Jacobs Asset Management, LLC now controls 253,085 shares valued at $3,872,000. The total value of its holdings decreased 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 company rating at “Outperform” and raised the price target from $15.50 to $16.00.
On April 30, 2015 the stock rating was changed to a “Market Perform” by Raymond James which is down from the previous “Outperform” rating. On April 29 Keefe Bruyette & Woods kept the stock rating at “Outperform” but lowered the price expectation to $15.50 from $20.00.
January 28 investment analysts at Keefe Bruyette & Woods kept the company rating at “Outperform” and moved down the price target to $20.00 from $22.00. On May 16 Raymond James left the stock rating at “Hold” but raised the price target from $17.87 to $20.00.
The company is so far trading down by -2.49 percent from yesterday’s close. MidSouth Bancorp Common Stock announced a dividend for shareholders to be paid on Monday the 3rd of July 2017. The dividend will be $0.090 per share for the quarter or $0.36 on an annualized basis. The dividend yield will be $2.99. The ex-dividend date will be on Monday the 13th of March 2017.
The stock last traded at $11.75 a bit lower than the 50 day moving average which is $14.27 and which is just a bit below the 200 day moving average of $14.14. The 50 day moving average went down by -16.63% whereas the 200 day average was down by -15.83%.
The company’s P/E ratio is 21.25 and the market cap of the company is 135.46M. In 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 outstanding. Next quarter’s EPS is expected be $0.14 with next year’s EPS projected to be $0.84.