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A statement released earlier today by Hovde Group about Midsouth Bancorp (NYSE:MSL) bumps down the target price to $16.00

Hovde Group bumped down the target of Midsouth Bancorp (NYSE:MSL) to $16.00 stating a potential upside of 0.13%.

Just yesterday Midsouth Bancorp (NYSE:MSL) traded -2.34% lower at $14.10. Midsouth Bancorp’s 50-day moving average is $12.11 and its 200-day moving average is $12.77. The last stock price is up -2.10% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.03% over the same time period. 26,587 shares of MSL traded hands, down from an average trading volume of 71,314

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Midsouth Bancorp (NYSE:MSL)

Midsouth Bancorp has 52 week low of $9.95 and a 52 week high of $16.60 and has a market capitalization of $0.

In addition to Hovde Group reporting its stock price target, a total of 6 brokerages have issued a research note on the company. The average stock price target is $10.29 with 0 brokerages rating the stock a strong buy, 0 brokerages rating the stock a buy, 6 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On Midsouth Bancorp (NYSE:MSL)

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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