MidSouth Bancorp (MSL) Expected to Post Quarterly Sales of $23.32 Million
Equities analysts predict that MidSouth Bancorp (NYSE:MSL) will announce $23.32 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for MidSouth Bancorp’s earnings. The highest sales estimate is $23.50 million and the lowest is $23.13 million. MidSouth Bancorp reported sales of $23.41 million during the same quarter last year, which would indicate a negative year over year growth rate of 0.4%. The company is expected to issue its next earnings results on Wednesday, October 25th.
According to Zacks, analysts expect that MidSouth Bancorp will report full-year sales of $23.32 million for the current financial year, with estimates ranging from $92.61 million to $93.40 million. For the next financial year, analysts expect that the firm will report sales of $93.50 million per share, with estimates ranging from $90.30 million to $96.70 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover MidSouth Bancorp.
MidSouth Bancorp (NYSE:MSL) last released its earnings results on Tuesday, July 25th. The bank reported ($0.38) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.44) by $0.06. MidSouth Bancorp had a net margin of 1.69% and a return on equity of 1.73%. The company had revenue of $23.47 million during the quarter, compared to analysts’ expectations of $23.50 million.
Several analysts have issued reports on the company. UBS AG downgraded MidSouth Bancorp to an “underperform” rating in a report on Friday, June 9th. Stephens upgraded MidSouth Bancorp from an “equal weight” rating to an “overweight” rating in a report on Monday, June 12th. Zacks Investment Research upgraded MidSouth Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Hovde Group dropped their target price on MidSouth Bancorp from $18.00 to $16.00 and set an “outperform” rating on the stock in a report on Thursday, June 8th. Finally, TheStreet upgraded MidSouth Bancorp from a “c+” rating to a “b-” rating in a report on Wednesday, May 17th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $17.00.
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Shares of MidSouth Bancorp (NYSE:MSL) opened at 11.15 on Friday. MidSouth Bancorp has a 1-year low of $9.52 and a 1-year high of $16.60. The firm’s market cap is $184.45 million. The stock has a 50 day moving average of $11.52 and a 200 day moving average of $13.42.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be issued a $0.01 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.36%. MidSouth Bancorp’s dividend payout ratio is -360.00%.
In other MidSouth Bancorp news, Chairman Jake Delhomme bought 2,500 shares of the company’s stock in a transaction dated Thursday, June 8th. The shares were bought at an average price of $12.00 per share, for a total transaction of $30,000.00. Following the acquisition, the chairman now directly owns 34,150 shares of the company’s stock, valued at $409,800. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director R Glenn Pumpelly bought 5,000 shares of the company’s stock in a transaction dated Thursday, June 8th. The stock was acquired at an average price of $12.00 per share, for a total transaction of $60,000.00. Following the acquisition, the director now directly owns 95,473 shares in the company, valued at $1,145,676. The disclosure for this purchase can be found here. Insiders bought a total of 13,250 shares of company stock worth $159,000 in the last quarter. 19.84% of the stock is owned by corporate insiders.
Several institutional investors have recently modified their holdings of MSL. Dimensional Fund Advisors LP increased its position in shares of MidSouth Bancorp by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 326,313 shares of the bank’s stock worth $4,438,000 after buying an additional 4,933 shares in the last quarter. Naples Global Advisors LLC increased its position in shares of MidSouth Bancorp by 0.9% in the first quarter. Naples Global Advisors LLC now owns 21,350 shares of the bank’s stock worth $327,000 after buying an additional 200 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of MidSouth Bancorp by 1.9% in the first quarter. Bank of New York Mellon Corp now owns 32,182 shares of the bank’s stock worth $492,000 after buying an additional 604 shares in the last quarter. Pacific Ridge Capital Partners LLC increased its position in shares of 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. Finally, Segantii Capital Management Ltd increased its position in shares of 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. Institutional investors own 28.25% of the company’s stock.
About MidSouth Bancorp
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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