The stock of MidSouth Bancorp, Inc. (NYSE:MSL) hit a new 52-week high and has $11.85 target or 3.00% above today’s $11.50 share price. The 6 months bullish chart indicates low risk for the $133.60M company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $11.85 price target is reached, the company will be worth $4.01 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 0.88% or $0.1 on November 25, hitting $11.5. About 13,941 shares traded hands. MidSouth Bancorp, Inc. (NYSE:MSL) has risen 19.87% since April 22, 2016 and is uptrending. It has outperformed by 14.46% the S&P500.
Analysts await MidSouth Bancorp, Inc. (NYSE:MSL) to report earnings on January, 25. They expect $0.13 earnings per share, down 13.33% or $0.02 from last year’s $0.15 per share. MSL’s profit will be $1.51 million for 22.12 P/E if the $0.13 EPS becomes a reality. After $0.14 actual earnings per share reported by MidSouth Bancorp, Inc. for the previous quarter, Wall Street now forecasts -7.14% negative EPS growth.
MidSouth Bancorp, Inc. (NYSE:MSL) Ratings Coverage
Out of 3 analysts covering MidSouth Bancorp (NYSE:MSL), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. MidSouth Bancorp has been the topic of 4 analyst reports since September 22, 2015 according to StockzIntelligence Inc. The company was maintained on Friday, May 6 by Hovde Group. Raymond James upgraded the shares of MSL in a report on Monday, May 9 to “Strong Buy” rating. As per Tuesday, September 22, the company rating was downgraded by TheStreet.
According to Zacks Investment Research, “MIDSOUTH BANCORP, INC. is a bank holding company engaged in general banking business.”
Insitutional Activity: The institutional sentiment decreased to 0.79 in Q2 2016. Its down 0.27, from 1.06 in 2016Q1. The ratio is negative, as 5 funds sold all MidSouth Bancorp, Inc. shares owned while 13 reduced positions. 7 funds bought stakes while 12 increased positions. They now own 3.95 million shares or 1.67% less from 4.02 million shares in 2016Q1.
Dimensional Fund Advsr L P accumulated 0% or 321,380 shares. Jacobs Asset Mngmt Limited Liability Company holds 912,184 shares or 2.74% of its portfolio. Wells Fargo & Mn last reported 33,000 shares in the company. Manufacturers Life Insur The holds 0% or 115 shares in its portfolio. Bank & Trust Of Ny Mellon has 0% invested in the company for 35,884 shares. Tower Research Cap Ltd Liability (Trc) owns 3,333 shares or 0% of their US portfolio. Tiaa Cref Invest Mgmt Ltd Limited Liability Company has 14,400 shares for 0% of their US portfolio. The Germany-based Deutsche Bank Ag has invested 0% in MidSouth Bancorp, Inc. (NYSE:MSL). Acadian Asset Mngmt last reported 0% of its portfolio in the stock. Blackrock Institutional Na last reported 23,398 shares in the company. Goldman Sachs owns 21,054 shares or 0% of their US portfolio. Salzhauer Michael holds 0.68% or 83,626 shares in its portfolio. Blackrock Advsrs Ltd Liability has 2,061 shares for 0% of their US portfolio. Vanguard Group accumulated 0% or 374,768 shares. State Bank Of America Corporation De has 975 shares for 0% of their US portfolio.
Insider Transactions: Since August 12, 2016, the stock had 0 insider purchases, and 7 selling transactions for $295,590 net activity. CLOUTIER C R also sold $26,572 worth of MidSouth Bancorp, Inc. (NYSE:MSL) shares.
More recent MidSouth Bancorp, Inc. (NYSE:MSL) news were published by: Prnewswire.com which released: “MidSouth Bancorp, Inc. Reports Third Quarter 2016 Results and Declares …” on October 26, 2016. Also Prnewswire.com published the news titled: “MidSouth Bancorp, Inc. and PSB Financial Corporation Announce Merger Agreement” on September 26, 2012. Prnewswire.com‘s news article titled: “Jake Delhomme to be Named Chairman of MidSouth Bancorp” with publication date: September 19, 2016 was also an interesting one.
MSL Company Profile
MidSouth Bancorp, Inc., incorporated on April 17, 1984, is a financial holding company. The Firm operates primarily through its bank subsidiary, MidSouth Bank, N.A. The Firm is operating principally in the community banking business by providing banking services to commercial and retail clients 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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