Jacobs Asset Management Lowers stake in MidSouth Bancorp (MSL)

MidSouth Bancorp (MSL) : Jacobs Asset Management reduced its stake in MidSouth Bancorp by 0.15% during the most recent quarter end. The investment management company now holds a total of 912,184 shares of MidSouth Bancorp which is valued at $9,276,911 after selling 1,381 shares in MidSouth Bancorp , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.MidSouth Bancorp makes up approximately 2.57% of Jacobs Asset Management’s portfolio.

Other Hedge Funds, Including , Ejf Capital sold out all of its stake in MSL during the most recent quarter. The investment firm sold 188,814 shares of MSL which is valued $1,920,238. Argent Trust Co sold out all of its stake in MSL during the most recent quarter. The investment firm sold 11,240 shares of MSL which is valued $114,311.Blackrock Fund Advisors reduced its stake in MSL by selling 452 shares or 1.79% in the most recent quarter. The Hedge Fund company now holds 24,830 shares of MSL which is valued at $252,521.Deprince Race Zollo Inc reduced its stake in MSL by selling 6,016 shares or 0.95% in the most recent quarter. The Hedge Fund company now holds 624,633 shares of MSL which is valued at $6,658,588. MidSouth Bancorp makes up approx 0.13% of Deprince Race Zollo Inc’s portfolio. Msi Financial Services Inc added MSL to its portfolio by purchasing 6,250 company shares during the most recent quarter which is valued at $66,625.

MidSouth Bancorp opened for trading at $10.3 and hit $10.52 on the upside on Wednesday, eventually ending the session at $10.38, with a gain of 1.07% or 0.11 points. The heightened volatility saw the trading volume jump to 10,512 shares. Company has a market cap of $118 M.

Investors should note that on Jul 27, 2016, MidSouth Bancorp announced a cash dividend of $0.0900. The company’s management has announced Sep 13, 2016 as the ex-dividend date and fixed the record date on Sep 15, 2016. The payable date has been fixed on Oct 3, 2016.

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.

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