Zacks: Analysts Anticipate MidSouth Bancorp (NYSE:MSL) Will Post Quarterly Sales of $23.50 Million
Equities research analysts predict that MidSouth Bancorp (NYSE:MSL) will announce sales of $23.50 million for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for MidSouth Bancorp’s earnings, with estimates ranging from $23.40 million to $23.60 million. MidSouth Bancorp reported sales of $22.86 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 2.8%. The company is scheduled to report its next earnings report after the market closes on Tuesday, July 25th.
According to Zacks, analysts expect that MidSouth Bancorp will report full-year sales of $23.50 million for the current fiscal year, with estimates ranging from $93.90 million to $94.79 million. For the next financial year, analysts expect that the company will post sales of $98.14 million per share, with estimates ranging from $97.30 million to $98.98 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover MidSouth Bancorp.
MidSouth Bancorp (NYSE:MSL) last posted its quarterly earnings data on Thursday, April 27th. The bank reported $0.15 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.15. MidSouth Bancorp had a net margin of 8.91% and a return on equity of 5.00%. The company had revenue of $23.11 million during the quarter, compared to analysts’ expectations of $22.90 million.
MSL has been the topic of a number of research analyst reports. TheStreet downgraded shares of MidSouth Bancorp from a “b-” rating to a “c” rating in a research report on Monday, June 12th. Hovde Group reduced their price objective on shares of MidSouth Bancorp from $16.00 to $14.00 and set an “outperform” rating on the stock in a research report on Wednesday, June 14th. Stephens raised shares of MidSouth Bancorp from an “equal weight” rating to an “overweight” rating in a research report on Monday, June 12th. Raymond James Financial, Inc. reissued an “underperform” rating on shares of MidSouth Bancorp in a research report on Friday, June 9th. Finally, Zacks Investment Research downgraded shares of MidSouth Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, May 3rd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. MidSouth Bancorp presently has a consensus rating of “Hold” and a consensus price target of $17.67.
In other MidSouth Bancorp news, Director R Glenn Pumpelly bought 5,000 shares of MidSouth Bancorp stock in a transaction dated Thursday, June 8th. The shares were purchased at an average cost of $12.00 per share, with a total value of $60,000.00. Following the transaction, the director now directly owns 95,473 shares of the company’s stock, valued at $1,145,676. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Jake Delhomme bought 2,500 shares of MidSouth Bancorp stock in a transaction dated Thursday, June 8th. The stock was acquired at an average cost of $12.00 per share, for a total transaction of $30,000.00. Following the completion of the transaction, the chairman now directly owns 34,150 shares in the company, valued at $409,800. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 13,250 shares of company stock worth $159,000. Insiders own 23.27% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. acquired a new stake in MidSouth Bancorp during the first quarter worth $515,000. Dimensional Fund Advisors LP increased its stake in MidSouth Bancorp by 7.3% in the first quarter. Dimensional Fund Advisors LP now owns 350,222 shares of the bank’s stock worth $5,358,000 after buying an additional 23,909 shares in the last quarter. Vanguard Group Inc. increased its stake in MidSouth Bancorp by 2.0% in the first quarter. Vanguard Group Inc. now owns 390,598 shares of the bank’s stock worth $5,976,000 after buying an additional 7,844 shares in the last quarter. Segantii Capital Management Ltd increased its stake in MidSouth Bancorp by 463.9% in the first quarter. Segantii Capital Management Ltd now owns 10,151 shares of the bank’s stock worth $155,000 after buying an additional 8,351 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC increased its stake in MidSouth Bancorp by 15.3% in the first quarter. Pacific Ridge Capital Partners LLC now owns 248,669 shares of the bank’s stock worth $3,805,000 after buying an additional 32,934 shares in the last quarter. 25.63% of the stock is currently owned by hedge funds and other institutional investors.
MidSouth Bancorp (MSL) traded up 1.078% during midday trading on Friday, hitting $11.725. 5,578 shares of the stock traded hands. MidSouth Bancorp has a 52 week low of $9.46 and a 52 week high of $16.60. The company has a market capitalization of $133.47 million, a price-to-earnings ratio of 20.938 and a beta of 1.14. The stock’s 50-day moving average price is $13.03 and its 200 day moving average price is $14.04.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 3rd. Shareholders of record on Thursday, June 15th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date was Tuesday, June 13th. MidSouth Bancorp’s payout ratio is currently 64.29%.
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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