MidSouth Bancorp, Inc. (MSL) Expected to Announce Quarterly Sales of $23.68 Million

Brokerages expect MidSouth Bancorp, Inc. (NYSE:MSL) to report $23.68 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for MidSouth Bancorp’s earnings, with estimates ranging from $23.48 million to $23.87 million. MidSouth Bancorp posted sales of $23.11 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 2.5%. The business is expected to announce its next earnings results on Thursday, April 26th.

According to Zacks, analysts expect that MidSouth Bancorp will report full year sales of $23.68 million for the current fiscal year, with estimates ranging from $95.48 million to $97.10 million. For the next year, analysts forecast that the firm will report sales of $94.59 million per share. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for MidSouth Bancorp.

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MidSouth Bancorp (NYSE:MSL) last announced its earnings results on Tuesday, January 30th. The bank reported ($0.15) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.22). The business had revenue of $25.50 million for the quarter, compared to analyst estimates of $23.71 million. MidSouth Bancorp had a negative net margin of 11.48% and a negative return on equity of 0.46%.

Several research analysts have recently commented on the company. Zacks Investment Research lowered MidSouth Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. ValuEngine upgraded MidSouth Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, March 2nd. Finally, Hovde Group cut MidSouth Bancorp from an “outperform” rating to a “market perform” rating and set a $15.00 price target on the stock. in a research note on Wednesday, January 31st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $14.60.

MidSouth Bancorp stock traded down $0.30 during trading on Thursday, reaching $12.65. The company’s stock had a trading volume of 41,018 shares, compared to its average volume of 42,721. The company has a current ratio of 0.83, a quick ratio of 0.84 and a debt-to-equity ratio of 0.05. MidSouth Bancorp has a twelve month low of $11.05 and a twelve month high of $16.60.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date is Wednesday, March 14th. MidSouth Bancorp’s dividend payout ratio is presently -4.00%.

In other news, Director Clayton Paul Hilliard sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $12.91, for a total transaction of $64,550.00. Following the sale, the director now owns 97,485 shares of the company’s stock, valued at approximately $1,258,531.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andrew G. Hargroder sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $14.00, for a total value of $42,000.00. Following the sale, the director now directly owns 194,142 shares in the company, valued at approximately $2,717,988. The disclosure for this sale can be found here. Insiders sold a total of 26,000 shares of company stock worth $345,185 in the last ninety days. 19.84% of the stock is owned by corporate insiders.

Several institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its holdings in shares of MidSouth Bancorp by 62.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 27,646 shares of the bank’s stock valued at $340,000 after purchasing an additional 10,576 shares in the last quarter. Northern Trust Corp raised its position in shares of MidSouth Bancorp by 322.2% in the second quarter. Northern Trust Corp now owns 95,568 shares of the bank’s stock valued at $1,123,000 after purchasing an additional 72,930 shares during the period. Pacific Ridge Capital Partners LLC raised its position in shares of MidSouth Bancorp by 3.2% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 240,953 shares of the bank’s stock valued at $3,193,000 after purchasing an additional 7,440 shares during the period. Vanguard Group Inc. raised its position in shares of MidSouth Bancorp by 17.0% in the second quarter. Vanguard Group Inc. now owns 457,161 shares of the bank’s stock valued at $5,372,000 after purchasing an additional 66,563 shares during the period. Finally, California State Teachers Retirement System raised its position in shares of MidSouth Bancorp by 50.3% in the third quarter. California State Teachers Retirement System now owns 23,600 shares of the bank’s stock valued at $284,000 after purchasing an additional 7,900 shares during the period. Hedge funds and other institutional investors own 58.11% of the company’s stock.

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MidSouth Bancorp Company Profile

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.

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