Somewhat Positive Press Coverage Extremely Unlikely to Impact MidSouth Bancorp (MSL) Stock Price

Media stories about MidSouth Bancorp (NYSE:MSL) have been trending somewhat positive on Friday, Alpha One reports. The research firm, a subsidiary of Accern, ranks the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. MidSouth Bancorp earned a media sentiment score of 0.08 on Alpha One’s scale. Alpha One also assigned news headlines about the bank an impact score of 10 out of 100, meaning that recent media coverage is extremely unlikely to have an impact on the company’s share price in the near term.

Here are some of the news headlines that may have effected Alpha One’s analysis:

Insider Buying and Selling by Quarter for MidSouth Bancorp (NYSE:MSL)

MidSouth Bancorp (NYSE MSL) traded down 0.84% during midday trading on Friday, hitting $11.85. 60,260 shares of the stock were exchanged. The company has a market cap of $134.89 million, a PE ratio of 21.16 and a beta of 1.14. MidSouth Bancorp has a 12 month low of $9.05 and a 12 month high of $16.60. The firm’s 50 day moving average price is $13.86 and its 200 day moving average price is $14.13.

MidSouth Bancorp (NYSE:MSL) last released its earnings results on Thursday, April 27th. The bank reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. The company had revenue of $23.11 million for the quarter, compared to the consensus estimate of $22.90 million. MidSouth Bancorp had a net margin of 8.91% and a return on equity of 5.00%. On average, equities research analysts forecast that MidSouth Bancorp will post $0.02 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 3rd. Shareholders of record on Thursday, June 15th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 3.04%. The ex-dividend date of this dividend is Tuesday, June 13th. MidSouth Bancorp’s dividend payout ratio is presently 64.29%.

A number of equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of MidSouth Bancorp from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a report on Wednesday, April 5th. Stephens restated a “hold” rating on shares of MidSouth Bancorp in a report on Thursday, April 27th. Hovde Group cut their price objective on shares of MidSouth Bancorp from $18.00 to $16.00 and set an “outperform” rating on the stock in a report on Thursday, June 8th. TheStreet upgraded shares of MidSouth Bancorp from a “c+” rating to a “b-” rating in a report on Wednesday, May 17th. Finally, Raymond James Financial, Inc. restated an “underperform” rating on shares of MidSouth Bancorp in a report on Friday, June 9th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $17.67.

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In related news, Director R Glenn Pumpelly bought 5,000 shares of the company’s stock in a transaction on Thursday, June 8th. The shares were bought at an average price of $12.00 per share, with a total value of $60,000.00. Following the transaction, the director now owns 95,473 shares in the company, valued at $1,145,676. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Jake Delhomme bought 2,500 shares of the company’s stock in a transaction on Thursday, June 8th. The shares were bought at an average cost of $12.00 per share, for a total transaction of $30,000.00. Following the transaction, the chairman now owns 34,150 shares in the company, valued at approximately $409,800. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 13,250 shares of company stock worth $159,000. 23.27% of the stock is owned by insiders.

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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