MidSouth Bancorp (NYSE:MSL) Director Clayton Paul Hilliard sold 5,000 shares of the stock in a transaction dated Tuesday, February 7th. The stock was sold at an average price of $14.30, for a total value of $71,500.00. Following the sale, the director now owns 171,289 shares of the company’s stock, valued at approximately $2,449,432.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Clayton Paul Hilliard also recently made the following trade(s):
- On Wednesday, February 8th, Clayton Paul Hilliard sold 10,000 shares of MidSouth Bancorp stock. The stock was sold at an average price of $14.32, for a total value of $143,200.00.
MidSouth Bancorp (NYSE:MSL) opened at 14.50 on Monday. The company has a market capitalization of $164.75 million, a price-to-earnings ratio of 25.00 and a beta of 1.11. The company’s 50-day moving average price is $14.14 and its 200-day moving average price is $11.63. MidSouth Bancorp has a 52 week low of $6.57 and a 52 week high of $14.80.
MidSouth Bancorp (NYSE:MSL) last posted its earnings results on Tuesday, January 31st. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.13 by $0.01. MidSouth Bancorp had a net margin of 8.79% and a return on equity of 4.90%. Equities analysts forecast that MidSouth Bancorp will post $0.79 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 3rd. Investors of record on Wednesday, March 15th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend is Monday, March 13th. MidSouth Bancorp’s dividend payout ratio (DPR) is presently 62.07%.
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Several analysts recently issued reports on the company. Zacks Investment Research upgraded MidSouth Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, December 7th. Hovde Group raised MidSouth Bancorp from a “market perform” rating to an “outperform” rating and increased their price target for the company from $11.25 to $17.00 in a research note on Monday, February 6th. Finally, Raymond James Financial, Inc. lowered MidSouth Bancorp from a “strong-buy” rating to an “outperform” rating and increased their price target for the company from $16.00 to $22.00 in a research note on Thursday, December 15th.
A number of institutional investors have recently bought and sold shares of the stock. Acrospire Investment Management LLC raised its position in MidSouth Bancorp by 71.5% in the third quarter. Acrospire Investment Management LLC now owns 11,358 shares of the company’s stock valued at $118,000 after buying an additional 4,734 shares during the period. Bank of New York Mellon Corp raised its position in MidSouth Bancorp by 1.8% in the second quarter. Bank of New York Mellon Corp now owns 35,884 shares of the company’s stock valued at $361,000 after buying an additional 646 shares during the period. Federated Investors Inc. PA raised its position in MidSouth Bancorp by 68.0% in the fourth quarter. Federated Investors Inc. PA now owns 29,922 shares of the company’s stock valued at $407,000 after buying an additional 12,115 shares during the period. LSV Asset Management raised its position in MidSouth Bancorp by 19.0% in the third quarter. LSV Asset Management now owns 363,486 shares of the company’s stock valued at $3,780,000 after buying an additional 58,116 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in MidSouth Bancorp by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 326,313 shares of the company’s stock valued at $4,438,000 after buying an additional 4,933 shares during the period. 35.38% of the stock is currently owned by hedge funds and other institutional investors.
MidSouth Bancorp Company Profile
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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