MidSouth Bancorp, Inc. (NYSE:MSL) declared a quarterly dividend on Wednesday, May 22nd, NASDAQ reports. Shareholders of record on Friday, June 14th will be given a dividend of 0.01 per share by the bank on Monday, July 1st. This represents a $0.04 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date is Thursday, June 13th.
MidSouth Bancorp has decreased its dividend payment by an average of 51.9% per year over the last three years. MidSouth Bancorp has a dividend payout ratio of 80.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect MidSouth Bancorp to earn $0.20 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 20.0%.
NYSE MSL traded up $0.10 during trading hours on Friday, reaching $11.58. The company had a trading volume of 22,578 shares, compared to its average volume of 51,969. MidSouth Bancorp has a 1-year low of $10.07 and a 1-year high of $16.15. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.05.
A hedge fund recently raised its stake in MidSouth Bancorp stock. Geode Capital Management LLC grew its holdings in MidSouth Bancorp, Inc. (NYSE:MSL) by 5.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 137,583 shares of the bank’s stock after purchasing an additional 7,136 shares during the quarter. Geode Capital Management LLC owned 0.83% of MidSouth Bancorp worth $1,458,000 at the end of the most recent reporting period. 67.74% of the stock is owned by institutional investors.
A number of research analysts have commented on MSL shares. FIG Partners cut shares of MidSouth Bancorp from an “outperform” rating to a “market-perform” rating in a research report on Wednesday, May 1st. Zacks Investment Research raised shares of MidSouth Bancorp from a “strong sell” rating to a “hold” rating in a research report on Saturday, May 25th. Finally, Sandler O’Neill raised shares of MidSouth Bancorp from a “hold” rating to a “buy” rating in a research report on Monday, March 25th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $14.00.
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MidSouth Bancorp Company Profile
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 deposit; and commercial and industrial, commercial real estate, and consumer loans, as well as other loans secured by real estate.
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