Media stories about MidSouth Bancorp (NYSE:MSL) have been trending somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. MidSouth Bancorp earned a news impact score of 0.14 on Accern’s scale. Accern also gave press coverage about the bank an impact score of 47.3087926376793 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
MSL has been the topic of several analyst reports. Zacks Investment Research lowered MidSouth Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, May 3rd. Stephens reissued a “hold” rating on shares of MidSouth Bancorp in a research note on Thursday, April 27th. Hovde Group cut their target price on MidSouth Bancorp from $18.00 to $16.00 and set an “outperform” rating on the stock in a research note on Thursday, June 8th. TheStreet raised MidSouth Bancorp from a “c+” rating to a “b-” rating in a research note on Wednesday, May 17th. Finally, Raymond James Financial, Inc. reissued an “underperform” rating on shares of MidSouth Bancorp in a research note on Friday, June 9th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $17.00.
MidSouth Bancorp (MSL) traded down 0.44% during trading on Tuesday, reaching $11.25. The company’s stock had a trading volume of 6,309 shares. The firm has a 50 day moving average price of $11.67 and a 200-day moving average price of $13.68. MidSouth Bancorp has a 52-week low of $9.52 and a 52-week high of $16.60. The stock’s market cap is $180.29 million.
MidSouth Bancorp (NYSE:MSL) last released its quarterly earnings results on Tuesday, July 25th. The bank reported ($0.38) EPS for the quarter, beating analysts’ consensus estimates of ($0.44) by $0.06. MidSouth Bancorp had a return on equity of 1.84% and a net margin of 1.69%. The firm had revenue of $23.47 million for the quarter, compared to analyst estimates of $23.50 million. On average, analysts expect that MidSouth Bancorp will post ($0.10) earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be given a $0.01 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.35%. MidSouth Bancorp’s dividend payout ratio (DPR) is presently -360.00%.
In related news, Director R Glenn Pumpelly purchased 5,000 shares of MidSouth Bancorp stock in a transaction on Thursday, June 8th. The shares were purchased at an average price of $12.00 per share, for a total transaction of $60,000.00. Following the transaction, the director now owns 95,473 shares of the company’s stock, valued at approximately $1,145,676. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Jake Delhomme purchased 2,500 shares of MidSouth Bancorp stock in a transaction on Thursday, June 8th. The stock was bought at an average price of $12.00 per share, for a total transaction of $30,000.00. Following the transaction, the chairman now directly owns 34,150 shares in the company, valued at approximately $409,800. The disclosure for this purchase can be found here. Insiders acquired a total of 13,250 shares of company stock worth $159,000 in the last quarter. Corporate insiders own 19.84% of the company’s stock.
About MidSouth Bancorp
MidSouth Bancorp, Inc is a financial holding company. The Company operates primarily through its wholly owned 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.
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