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Raymond James Reaffirms Their Hold Rating on Midsouth Bancorp (MSL)


In a report released today, David Long from Raymond James reiterated a Hold rating on Midsouth Bancorp (MSL). The company’s shares opened today at $13.11.

According to TipRanks.com, Long is a 1-star analyst with an average return of -0.9% and a 38.1% success rate. Long covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Seacoast Banking Corporation Of Florida, and Carolina Financial Corporation.

The word on The Street in general, suggests a Hold analyst consensus rating for Midsouth Bancorp with a $16 average price target.

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Based on Midsouth Bancorp’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $4.9 million. In comparison, last year the company had a net profit of $1.67 million.

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MidSouth Bancorp, Inc. is a bank holding company, which through its subsidiary, engages in the provision of commercial and retail community banking services. Its products and services include deposit accounts, wealth management, and electronic banking services. It also offers mortgage solutions, internet banking, and consumer lending.