Wall Street analysts predict that MidSouth Bancorp (NYSE:MSL) will post earnings per share (EPS) of ($0.07) for the current quarter, according to Zacks. Two analysts have issued estimates for MidSouth Bancorp’s earnings. The lowest EPS estimate is ($0.09) and the highest is ($0.05). MidSouth Bancorp reported earnings of ($0.38) per share in the same quarter last year, which would indicate a positive year over year growth rate of 81.6%. The company is scheduled to announce its next earnings results on Tuesday, July 24th.
On average, analysts expect that MidSouth Bancorp will report full-year earnings of $0.23 per share for the current financial year. For the next fiscal year, analysts expect that the company will report earnings of $0.69 per share, with EPS estimates ranging from $0.67 to $0.70. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for MidSouth Bancorp.
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MidSouth Bancorp (NYSE:MSL) last posted its quarterly earnings results on Thursday, April 26th. The bank reported $0.21 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.29. The business had revenue of $22.20 million during the quarter, compared to the consensus estimate of $23.49 million. MidSouth Bancorp had a negative net margin of 13.67% and a positive return on equity of 0.39%.
Several research firms have weighed in on MSL. ValuEngine downgraded shares of MidSouth Bancorp from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. Zacks Investment Research downgraded shares of MidSouth Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, February 1st. FIG Partners raised shares of MidSouth Bancorp from a “market perform” rating to an “outperform” rating in a research note on Monday, April 2nd. They noted that the move was a valuation call. Finally, Hovde Group downgraded shares of MidSouth Bancorp from an “outperform” rating to a “market perform” rating and set a $15.00 price objective for the company. in a research note on Wednesday, January 31st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $14.60.
In other news, Director Clayton Paul Hilliard sold 5,000 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $12.79, for a total transaction of $63,950.00. Following the completion of the transaction, the director now directly owns 87,485 shares of the company’s stock, valued at $1,118,933.15. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders have sold 16,700 shares of company stock valued at $215,145. Insiders own 19.84% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in MSL. Basswood Capital Management L.L.C. raised its stake in MidSouth Bancorp by 46.5% in the fourth quarter. Basswood Capital Management L.L.C. now owns 1,142,420 shares of the bank’s stock worth $15,137,000 after buying an additional 362,440 shares in the last quarter. Thomson Horstmann & Bryant Inc. raised its stake in MidSouth Bancorp by 101.6% in the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 444,578 shares of the bank’s stock worth $5,890,000 after buying an additional 224,019 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in MidSouth Bancorp by 15.0% in the first quarter. Dimensional Fund Advisors LP now owns 616,165 shares of the bank’s stock worth $7,794,000 after buying an additional 80,227 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in MidSouth Bancorp by 378.2% in the third quarter. Schwab Charles Investment Management Inc. now owns 77,465 shares of the bank’s stock worth $934,000 after buying an additional 61,265 shares in the last quarter. Finally, BlackRock Inc. raised its stake in MidSouth Bancorp by 8.6% in the fourth quarter. BlackRock Inc. now owns 721,876 shares of the bank’s stock worth $9,565,000 after buying an additional 57,366 shares in the last quarter. 58.04% of the stock is owned by institutional investors.
MidSouth Bancorp opened at $14.50 on Thursday, MarketBeat reports. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $240.79 million, a price-to-earnings ratio of -53.70 and a beta of 1.21. MidSouth Bancorp has a twelve month low of $11.05 and a twelve month high of $15.40.
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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