Insiders Seeing Green With MSL At New 52-Week High

In trading on Wednesday, shares of MidSouth Bancorp, Inc. ( MSL) touched a new 52-week high of $17.98/share. That's a 29.07% rise, or $4.05 per share from the 52-week low of $13.93 set back on 12/07/2012. That means at today's intraday high, any investor who purchased MSL stock any time over the past 52 weeks has an unrealized gain, including company insiders.

Over the past six months, insiders have been scooping up shares, and those bets are now paying off handsomely. As summarized by the table below, MSL has seen 2 different instances of insiders buying over the trailing six month period.

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Ten Bargains You Can Buy Cheaper Than The Insiders Did »

Purchased Insider Title Shares Price/Share Value
11/01/2013 J. B. Hargroder, M.D. Director 5,000 $15.37 $76,850.00
11/19/2013 James R. McLemore Jr. Chief Financial Officer 300 $15.60 $4,680.00

The chart below shows where MSL has traded over the past year, with the 50-day and 200-day moving averages included.

MidSouth Bancorp, Inc. Moving Averages Chart

In afternoon trading on Wednesday, MSL shares are changing hands at $17.90/share, slightly below the new 52-week high.

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