Shares last traded at $13.15 which is a tad above the 50 day moving average of $12.32 and marginally over the 200 day moving average of $12.64. The 50 day moving average moved up $0.83 and the 200 day average moved up $0.51. Trading was light with 201 shares changing hands by the end of trading on Tuesday. Volume was down 99.34% under the stocks average daily volume.
Investors are more bearish on shares of the company of late if you evaluate the uptick in short interest. The stock saw a rise in short interest between September 15, 2017 and September 29, 2017 of 19.01%. Short shares increased 141,385 over that timeframe. The short-interest ratio increased to 11.0 and the short interest percentage is 0.07% as of September 29.
A few notable investment firms have updated their holdings. Spark Investment Management LLC expanded its ownership by buying 3,700 shares an increase of 32.5% from 03/31/2017 to 06/30/2017. Spark Investment Management LLC now controls 15,100 shares with a value of $177,000. The total value of its holdings increased 1.7%. As of quarter end Ancora Advisors, LLC had acquired 10,201 shares growing its holdings by 18.1%. The value of the company’s investment in MidSouth Bancorp decreased from $860,000 to $780,000 a change of 9.3% quarter to quarter.
Pacific Ridge Capital Partners, LLC cut its stake by shedding 9,336 shares a decrease of 3.8%. Pacific Ridge Capital Partners, LLC currently owns 239,333 shares worth $2,812,000. The value of the position overall is down by 26.1%. Ubs Group Ag divested its investment by selling 588 shares a decrease of 94.8% in the quarter. Ubs Group Ag controls 32 shares valued at $0. The total value of its holdings decreased 100.0%.
The company is down since yesterday’s close of 13.35. The company announced a dividend for shareholders that was paid on Mon Oct 2, 2017. The dividend payment was $0.010 per share for the quarter or $0.04 annualized. This dividend amount was represent a yield of $0.30. The ex-dividend date was set for Thursday the 14th of September 2017.
In the latest earnings report the EPS was $-0.14 and is estimated to be $-0.10 for the current year with 16,543,000 shares currently outstanding. Next quarter’s EPS is forecasted to be $0.06 and the next full year EPS is projected to be $0.66.
MidSouth Bancorp, Inc., launched on April 17, 1984, is a financial holding company. The Company operates primarily through its 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..