There has been some buying insider activity on MidSouth Bancorp Common Stock (NYSE:MSL) recently. 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 reported the purchase of 2,500 shares of (MSL). 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.
President & CEO James R. Jr Mclemore disclosed the purchase of 1,500 shares of MSL stock. The shares were purchased at an average price of $12.00. The President & CEO now owns $68,316 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..
Here are a few additional firms who have increased or decreased their stake in (MSL). Morgan Stanley augmented its ownership by buying 37 shares an increase of 64.9% as of 03/31/2017. Morgan Stanley now controls 94 shares with a value of $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 worth $13,000. The value of the position overall is up by 116.7%.
As of quarter end Goldman Sachs Group Inc had acquired 12,624 shares growing its stake by 60.0%. The value of the company’s investment in MidSouth Bancorp Common Stock went from $211,000 to $515,000 a change of $304,000 for the reporting period. Jacobs Asset Management, LLC reduced its stake by shedding 53,139 shares a decrease of 17.4%. Jacobs Asset Management, LLC controls 253,085 shares valued at $3,872,000. The total value of its holdings decreased 7.0%.
On May 9 the company was set at “Strong Buy” by Raymond James up from the previous “Market Perform” rating. July 28 investment analysts at Keefe Bruyette & Woods made no change to the company rating of “Outperform” and raised the price expectation from $15.50 to $16.00.
On April 30 the stock rating was downgraded from “Outperform” to “Market Perform” in a statement from Raymond James. On April 29 Keefe Bruyette & Woods held the company 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 stock rating at “Outperform” but lowered the price target from $22.00 to $20.00. On May 16 Raymond James kept the company rating at “Hold” but moved up the price target from $17.87 to $20.00.
The company is so far trading down since yesterday’s close of $12.05. Additionally the company recently declared a dividend for shareholders that will be paid on Monday the 3rd of July 2017. The dividend payment 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.
Shares last traded at $11.90 which is marginally lower than the 50 day moving average which is $14.27 and which is a tad under the 200 day moving average of $14.14. The 50 day moving average moved down $-2.35 and the 200 day average moved down $-2.21.
The P/E ratio is 21.295 and market capitalization is 135.74M. As of the latest 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 estimated at $0.14 with next year’s EPS projected to be $0.84.