Here is the rundown on market activity for MidSouth Bancorp Common Stock (NYSE:MSL). Erin E. Dewitt, SEVP & Chief Risk Officer bought $3,000 worth of shares at an average price of $12.00 on Thu the 8th. Dewitt now owns $27,000 of stock as recorded in a recent Form 4 SEC filing. Director Jake Delhomme disclosed the purchase of 2,500 shares. The shares were bought on June 8th for an average price of $12.00. Delhomme now owns $409,800 of the stock according to the 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 per an SEC filing yesterday.
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 funds have also shifted positions in (MSL). As of quarter end Morgan Stanley had acquired 37 shares growing its stake by 64.9%. The value of the investment in MSL went from $1,000 to $1,000 a change of $0 quarter over quarter. As of the end of the quarter Tower Research Capital LLC (trc) had bought a total of 264 shares growing its holdings by 46.6%. The value of the company’s investment in MidSouth Bancorp Common Stock increased from $6,000 to $13,000 a change of 116.7% for the reporting period.
Goldman Sachs Group Inc grew its ownership by buying 12,624 shares an increase of 60.0% from 06/30/2016 to 03/31/2017. Goldman Sachs Group Inc controls 33,678 shares with a value of $515,000. The total value of its holdings increased 144.1%. As of quarter end Jacobs Asset Management, LLC had disposed of a total of 53,139 shares trimming its position 17.4%. The value of the total investment in MidSouth Bancorp Common Stock went from $4,165,000 to $3,872,000 decreasing 7.0% since the last quarter.
On May 9 the company was set at “Strong Buy” according to a Raymond James report up from the previous “Market Perform” rating. July 28 investment analysts at Keefe Bruyette & Woods kept the company rating at “Outperform” but raised the price expectation to $16.00 from $15.50.
On April 30 the company was downgraded from “Outperform” to “Market Perform” by analysts at Raymond James. On April 29 Keefe Bruyette & Woods held the stock rating at “Outperform” but lowered the price target from $20.00 to $15.50.
January 28 investment analysts at Keefe Bruyette & Woods maintained a company rating of “Outperform” but moved down the price target from $22.00 to $20.00. May 16 investment analysts at Raymond James maintained a stock rating of “Hold” and raised the price expectation from $17.87 to $20.00.
The company is trading down by -2.49 percent from yesterday’s close. The company recently declared a dividend for shareholders which will be paid on Monday the 3rd of July 2017. The dividend will be $0.090 per share for the quarter or $0.36 annualized. The dividend yield will be $2.99. The ex-dividend date is Monday the 13th of March 2017.
Shares are trading at $11.75 which is marginally lower than $14.27, the stock’s 50 day moving average and which is just a bit below the 200 day moving average of $14.14. The 50 day moving average went down $-2.52 or -17.68% whereas the 200 day moving average was down $-2.39 or -16.89%.
MidSouth Bancorp Common Stock currently has a P/E ratio of 20.98 and market capitalization is 133.75M. 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 outstanding. Next quarter’s EPS is estimated at $0.14 with next year’s EPS anticipated to be $0.84.