MidSouth Bancorp Common Stock (NYSE:MSL) has been the object of insider buying activity recently. SEVP & Chief Risk Officer Erin E. Dewitt bought 250 shares at an average price of $12.00 on Thu the 8th. Dewitt now owns $27,000 of stock per an SEC filing yesterday. Director Jake Delhomme acquired 2,500 shares at an average price of $12.00 on June 8th. That brings Delhomme’s holdings to $409,800 as reported to the SEC.
Director James R. Davis purchased 1,000 shares at an average price of $12.00 on Thu the 8th. The Director now owns $448,476 of the stock as recorded in a recent 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..
Here are a few additional firms who have increased or decreased their stake in (MSL). As of the end of the quarter Morgan Stanley had bought a total of 37 shares growing its stake by 64.9%. The value in dollars decreased from $1,000 to $1,000 a change of 0.0% for the reporting period. As of quarter end Tower Research Capital LLC (trc) had acquired 264 shares growing its position 46.6%. The value of the investment in MidSouth Bancorp Common Stock went from $6,000 to $13,000 a change of $7,000 quarter to quarter.
Goldman Sachs Group Inc augmented its position by buying 12,624 shares an increase of 60.0% in the quarter. Goldman Sachs Group Inc owns 33,678 shares with a value of $515,000. The total value of its holdings increased 144.1%. Jacobs Asset Management, LLC downsized its ownership by selling 53,139 shares a decrease of 17.4% as of 03/31/2017. Jacobs Asset Management, LLC now controls 253,085 shares valued at $3,872,000. The value of the position overall is down by 7.0%.
On May 9 the company was upgraded from “Market Perform” to “Strong Buy” by analysts at Raymond James. July 28 investment analysts at Keefe Bruyette & Woods left the company rating at “Outperform” and moved up the price target to $16.00 from $15.50.
On April 30, 2015 the stock rating was changed to a “Market Perform” in a report from Raymond James which is down from the previous “Outperform” rating. On April 29 Keefe Bruyette & Woods held the stock rating at “Outperform” and lowered the price target from $20.00 to $15.50.
January 28 investment analysts at Keefe Bruyette & Woods held the company rating at “Outperform” but lowered the price target to $20.00 from $22.00. May 16 investment analysts at Raymond James made no change to the stock rating of “Hold” but raised the price expectation to $20.00 from $17.87.
The company is now down by -3.32 percent from yesterday’s close. The company also recently announced a dividend payable on Monday July 3rd, 2017. The dividend 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 is Monday the 13th of March 2017.
Company chares are trading at $11.65 a tad under $14.27, the stock’s 50 day moving average and a bit lower than the 200 day moving average of $14.14. The 50 day moving average moved down $-2.52 and the 200 day average was down $-2.39.
MidSouth Bancorp Common Stock’s P/E ratio is 20.98 and market cap is 133.75M. As of the latest earnings report the EPS was $0.56 and is projected to be $0.38 for the current year with 11,383,000 shares now outstanding. Analysts expect next quarter’s EPS to be $0.14 with next year’s EPS anticipated to be $0.84.