Equities research analysts expect that MidSouth Bancorp, Inc. (NYSE:MSL) will announce $20.94 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for MidSouth Bancorp’s earnings, with the highest sales estimate coming in at $21.20 million and the lowest estimate coming in at $20.69 million. MidSouth Bancorp reported sales of $25.50 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 17.9%. The business is expected to report its next quarterly earnings results on Tuesday, January 29th.
On average, analysts expect that MidSouth Bancorp will report full year sales of $86.52 million for the current financial year, with estimates ranging from $86.25 million to $86.80 million. For the next financial year, analysts forecast that the company will post sales of $82.01 million, with estimates ranging from $79.02 million to $85.00 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that cover MidSouth Bancorp.
MidSouth Bancorp (NYSE:MSL) last posted its quarterly earnings data on Tuesday, October 30th. The bank reported ($0.08) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.08. MidSouth Bancorp had a positive return on equity of 2.32% and a negative net margin of 16.04%. The firm had revenue of $21.56 million for the quarter, compared to analysts’ expectations of $21.52 million.
MSL has been the topic of several analyst reports. Zacks Investment Research raised MidSouth Bancorp from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Thursday, October 11th. ValuEngine lowered MidSouth Bancorp from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 4th. FIG Partners lowered MidSouth Bancorp from an “outperform” rating to a “market perform” rating in a report on Thursday, November 29th. Finally, Raymond James reaffirmed a “hold” rating on shares of MidSouth Bancorp in a report on Monday, December 3rd. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $16.00.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in MSL. BlackRock Inc. lifted its position in shares of MidSouth Bancorp by 7.6% in the second quarter. BlackRock Inc. now owns 793,339 shares of the bank’s stock valued at $10,511,000 after acquiring an additional 55,809 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of MidSouth Bancorp by 8.0% in the second quarter. Dimensional Fund Advisors LP now owns 665,401 shares of the bank’s stock valued at $8,817,000 after acquiring an additional 49,236 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of MidSouth Bancorp by 8.3% in the second quarter. Renaissance Technologies LLC now owns 356,600 shares of the bank’s stock valued at $4,725,000 after acquiring an additional 27,400 shares in the last quarter. Thomson Horstmann & Bryant Inc. lifted its position in shares of MidSouth Bancorp by 11.5% in the third quarter. Thomson Horstmann & Bryant Inc. now owns 646,039 shares of the bank’s stock valued at $9,949,000 after acquiring an additional 66,374 shares in the last quarter. Finally, Bridgeway Capital Management Inc. lifted its position in MidSouth Bancorp by 25.4% during the third quarter. Bridgeway Capital Management Inc. now owns 123,412 shares of the bank’s stock worth $1,901,000 after buying an additional 25,000 shares in the last quarter. Institutional investors and hedge funds own 70.27% of the company’s stock.
NYSE MSL traded up $0.34 during trading hours on Tuesday, reaching $10.69. The company’s stock had a trading volume of 28,300 shares, compared to its average volume of 45,261. MidSouth Bancorp has a 1 year low of $10.07 and a 1 year high of $16.15. The stock has a market cap of $182.55 million, a PE ratio of -39.26 and a beta of 1.34.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Monday, December 17th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.37%. The ex-dividend date of this dividend is Thursday, December 13th. MidSouth Bancorp’s payout ratio is currently -14.81%.
MidSouth Bancorp Company Profile
MidSouth Bancorp, Inc, a bank holding company, through its subsidiary MidSouth Bank, N.A., provides various community banking products and services to commercial and retail customers in the United States. The company offers various deposit products, including interest-bearing and noninterest-bearing checking accounts, money market, savings accounts, investment accounts, and NOW account deposits, as well as time deposits, such as certificates of deposits; and commercial and industrial, commercial real estate, and consumer loans, as well as other loans secured by real estate.
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