MidSouth Bancorp (MSL) was Upgraded by Raymond James to ” Strong Buy”. Earlier the firm had a rating of “Mkt Perform ” on the company shares. Raymond James advised their investors in a research report released on May 9, 2016.
Many Wall Street Analysts have commented on MidSouth Bancorp. Company shares were Reiterated by Hovde Group on May 6, 2016 to “Market Perform”, Firm has raised the Price Target to $ 9.75 from a previous price target of $7.75 .
MidSouth Bancorp opened for trading at $9.2 and hit $9.21 on the upside on Friday, eventually ending the session at $9.19, with a gain of 0.11% or 0.01 points. The heightened volatility saw the trading volume jump to 15,511 shares. Company has a market cap of $104 M.
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.