Here is the rundown on market activity for MidSouth Bancorp Common Stock (NYSE:MSL). Erin E. Dewitt, SEVP & Chief Risk Officer disclosed the purchase of 250 shares. The shares were purchased at an average price of $12.00. Dewitt now owns $27,000 of the stock according to the SEC filing. Jake Delhomme, Director disclosed the purchase of 2,500 shares of MSL stock. 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.
James R. Davis, Director reported the purchase of 1,000 shares of (MSL). The shares were purchased at an average price of $12.00. Davis 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..
The following firms have also recently changed their position in MSL. Morgan Stanley expanded its position by buying 37 shares an increase of 64.9% from 12/31/2016 to 03/31/2017. Morgan Stanley now holds 94 shares worth $1,000. The value of the position overall is down by 0.0%. Tower Research Capital LLC (trc) grew its stake by buying 264 shares an increase of 46.6% as of 03/31/2017. Tower Research Capital LLC (trc) owns 830 shares valued at $13,000. The total value of its holdings increased 116.7%.
As of the end of the quarter Goldman Sachs Group Inc had acquired a total of 12,624 shares growing its position 60.0%. The value in dollars increased from $211,000 to $515,000 a change of $304,000 for the reporting period. Jacobs Asset Management, LLC divested its holdings by shedding 53,139 shares a decrease of 17.4% in the quarter. Jacobs Asset Management, LLC claims 253,085 shares with a value of $3,872,000. The total value of its holdings decreased 7.0%.
On May 9, 2016 the stock rating was changed to a “Strong Buy” in a report from Raymond James which was a boost from the previous “Market Perform” rating. On July 28 Keefe Bruyette & Woods maintained a stock rating of “Outperform” and moved up the price target from $15.50 to $16.00.
On April 30 the company was set at “Market Perform” according to a Raymond James report a cut from the previous “Outperform” rating. April 29 investment analysts at Keefe Bruyette & Woods made no change to the stock rating of “Outperform” and lowered the price expectation to $15.50 from $20.00.
On January 28 Keefe Bruyette & Woods left the company rating at “Outperform” and lowered the price target from $22.00 to $20.00. On May 16 Raymond James made no change to the company rating of “Hold” but moved up the price target from $17.87 to $20.00.
The company is down by -2.68% since yesterday’s close of $12.05. Additionally the company recently announced a dividend to be paid on Monday July 3rd, 2017. The dividend will be $0.090 per share for the quarter which comes to $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 $11.73 which is marginally lower than the 50 day moving average of $14.27 and slightly below the 200 day moving average of $14.14. The 50 day moving average was down by -17.8331% and the 200 day average went down $-2.41 or -17.0473%.
The P/E ratio is 20.9421 and market capitalization is 133.50M. In 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 expected be $0.14 with next year’s EPS projected to be $0.84.