MidSouth Bancorp, Inc. (NYSE:MSL) hit a new 52-week low during trading on Thursday . The company traded as low as $12.06 and last traded at $12.08, with a volume of 3305 shares changing hands. The stock had previously closed at $12.39.
A number of equities research analysts have commented on MSL shares. Zacks Investment Research raised shares of MidSouth Bancorp from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research report on Thursday, October 11th. ValuEngine downgraded shares of MidSouth Bancorp from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, September 4th. Raymond James reissued a “hold” rating on shares of MidSouth Bancorp in a research report on Monday. Finally, FIG Partners downgraded shares of MidSouth Bancorp from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 29th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $16.00.
The stock has a market cap of $206.18 million, a P/E ratio of -44.30 and a beta of 1.34.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Monday, December 17th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.33%. The ex-dividend date of this dividend is Thursday, December 13th. MidSouth Bancorp’s payout ratio is -14.81%.
Several institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its holdings in shares of MidSouth Bancorp by 3.2% in the 3rd quarter. BlackRock Inc. now owns 818,494 shares of the bank’s stock valued at $12,605,000 after buying an additional 25,155 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of MidSouth Bancorp by 7.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 715,519 shares of the bank’s stock valued at $11,019,000 after buying an additional 50,118 shares in the last quarter. Thomson Horstmann & Bryant Inc. boosted its holdings in shares of MidSouth Bancorp by 11.5% in the 3rd quarter. Thomson Horstmann & Bryant Inc. now owns 646,039 shares of the bank’s stock valued at $9,949,000 after buying an additional 66,374 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of MidSouth Bancorp by 21.4% in the 3rd quarter. Renaissance Technologies LLC now owns 433,000 shares of the bank’s stock valued at $6,668,000 after buying an additional 76,400 shares in the last quarter. Finally, Maltese Capital Management LLC boosted its holdings in shares of MidSouth Bancorp by 410.0% in the 3rd quarter. Maltese Capital Management LLC now owns 235,000 shares of the bank’s stock valued at $3,619,000 after buying an additional 188,922 shares in the last quarter. Institutional investors and hedge funds own 70.27% of the company’s stock.
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MidSouth Bancorp Company Profile (NYSE:MSL)
MidSouth Bancorp, Inc, a bank holding company, through its subsidiary MidSouth Bank, N.A., provides various community banking products and services to commercial and retail customers in the United States. The company offers various deposit products, including interest-bearing and noninterest-bearing checking accounts, money market, savings accounts, investment accounts, and NOW account deposits, as well as time deposits, such as certificates of deposits; and commercial and industrial, commercial real estate, and consumer loans, as well as other loans secured by real estate.
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