The stock of MidSouth Bancorp, Inc. (NYSE:MSL) hit a new 52-week high and has $12.73 target or 7.00% above today’s $11.90 share price. The 9 months bullish chart indicates low risk for the $135.22M company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $12.73 price target is reached, the company will be worth $9.47M 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. About 11,322 shares traded hands. MidSouth Bancorp, Inc. (NYSE:MSL) has risen 27.56% since April 28, 2016 and is uptrending. It has outperformed by 21.63% 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 $1.48M for 22.88 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 rating was maintained by Hovde Group with “Market Perform” on Friday, May 6. The stock of MidSouth Bancorp, Inc. (NYSE:MSL) earned “Strong Buy” rating by Raymond James on Monday, May 9. The stock of MidSouth Bancorp, Inc. (NYSE:MSL) has “Hold” rating given on Tuesday, September 22 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 2016 Q2. 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.
Wells Fargo & Communications Mn has 33,000 shares for 0% of their US portfolio. Panagora Asset Management last reported 349 shares in the company. Pacific Ridge Partners Ltd Llc holds 1.05% or 232,050 shares in its portfolio. Blackrock Institutional Na holds 0% or 23,398 shares in its portfolio. Bridgeway Capital Mngmt Inc holds 0.02% of its portfolio in MidSouth Bancorp, Inc. (NYSE:MSL) for 104,800 shares. Spark Mngmt Ltd Liability owns 11,677 shares or 0.01% of their US portfolio. Blackrock Lc, a New Jersey-based fund reported 1,483 shares. Tiaa Cref Limited Co accumulated 14,400 shares or 0% of the stock. Morgan Stanley last reported 31,445 shares in the company. Jacobs Asset Ltd Com has invested 2.74% of its portfolio in MidSouth Bancorp, Inc. (NYSE:MSL). The Pennsylvania-based Federated Invsts Pa has invested 0% in MidSouth Bancorp, Inc. (NYSE:MSL). California Public Employees Retirement, a California-based fund reported 26,392 shares. Moreover, Northern Trust has 0% invested in MidSouth Bancorp, Inc. (NYSE:MSL) for 24,273 shares. Jpmorgan Chase & accumulated 0% or 15,320 shares. Bank Of America Corp De has 975 shares for 0% of their US portfolio.
Insider Transactions: Since August 12, 2016, the stock had 0 buys, and 7 selling transactions for $295,590 net activity. 2,500 shares with value of $25,000 were sold by CLOUTIER C R on Thursday, August 25.
More notable 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 with their article: “MidSouth Bancorp, Inc. and PSB Financial Corporation Announce Merger Agreement” published on September 26, 2012, Prnewswire.com published: “Jake Delhomme to be Named Chairman of MidSouth Bancorp” on September 19, 2016. More interesting news about MidSouth Bancorp, Inc. (NYSE:MSL) were released by: Prnewswire.com and their article: “MidSouth Bancorp, Inc. Announces Death of Gerald ‘Jerry’ Reaux Jr., Vice …” published on February 10, 2014 as well as Prnewswire.com‘s news article titled: “MidSouth Bank Promotes Troy Cloutier to CEO” with publication date: August 08, 2016.
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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