MidSouth Bancorp (MSL) was Reiterated by Hovde Group to “Market Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 9.75 from a previous price target of $7.75 . Hovde Group advised their investors in a research report released on May 6, 2016.
MidSouth Bancorp closed down -0.05 points or -0.54% at $9.15 with 3,415 shares getting traded on Wednesday. Post opening the session at $9.11, the shares hit an intraday low of $9.11 and an intraday high of $9.19 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Feb 5, 2016, Tim Lemoine (director) purchased 1,300 shares at $8.22 per share price. According to the SEC, on Feb 1, 2016, R Glenn Pumpelly (director) purchased 10,000 shares at $7.93 per share price. On Feb 1, 2016, Andrew G Hargroder (director) purchased 2,500 shares at $8.00 per share price, according to the Form-4 filing with the securities and exchange commission.
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. Deposit products and services offered by the Bank include interest-bearing and noninterest-bearing checking accounts investment accounts cash management services and electronic banking services including remote deposit capturing services Internet banking and debit and credit cards. Loans offered by the Bank include commercial and industrial loans commercial real estate loans (both owner-occupied and non-owner occupied) other loans secured by real estate and consumer loans.