Wall Street analysts forecast that MidSouth Bancorp (NYSE:MSL) will post sales of $23.32 million for the current fiscal quarter, according to Zacks Investment Research. 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 in the same quarter last year, which would suggest a negative year-over-year growth rate of 0.4%. The company is expected to announce its next quarterly earnings results after the market closes on Tuesday, October 24th.

On average, analysts expect that MidSouth Bancorp will report full-year sales of $23.32 million for the current year, with estimates ranging from $92.61 million to $93.40 million. For the next fiscal year, analysts anticipate that the firm will report sales of $93.50 million per share, with estimates ranging from $90.30 million to $96.70 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for MidSouth Bancorp.

MidSouth Bancorp (NYSE:MSL) last issued its earnings results on Tuesday, July 25th. The bank reported ($0.38) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.44) by $0.06. The business had revenue of $23.47 million during the quarter, compared to the consensus estimate of $23.50 million. MidSouth Bancorp had a return on equity of 1.73% and a net margin of 1.69%.

Several equities research analysts recently commented on MSL shares. Sandler O’Neill reissued a “buy” rating and set a $14.00 target price on shares of MidSouth Bancorp in a report on Tuesday, September 5th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $12.00 target price on shares of MidSouth Bancorp in a report on Wednesday, October 4th. Zacks Investment Research raised MidSouth Bancorp from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Finally, Stephens reissued a “buy” rating and set a $15.00 target price on shares of MidSouth Bancorp in a report on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $15.40.

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MidSouth Bancorp (NYSE MSL) opened at 12.50 on Friday. The stock’s 50 day moving average price is $12.11 and its 200-day moving average price is $12.77. MidSouth Bancorp has a 52 week low of $9.95 and a 52 week high of $16.60. The stock’s market capitalization is $206.79 million.

The business also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 15th were issued a $0.01 dividend. The ex-dividend date was Thursday, September 14th. This represents a $0.04 annualized dividend and a dividend yield of 0.32%. MidSouth Bancorp’s dividend payout ratio is currently -40.00%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. New York State Common Retirement Fund bought a new position in shares of MidSouth Bancorp in the second quarter valued at $112,000. First Manhattan Co. bought a new position in shares of MidSouth Bancorp in the second quarter valued at $177,000. Spark Investment Management LLC increased its holdings in shares of MidSouth Bancorp by 32.5% in the second quarter. Spark Investment Management LLC now owns 15,100 shares of the bank’s stock valued at $177,000 after buying an additional 3,700 shares in the last quarter. MML Investors Services LLC increased its holdings in shares of MidSouth Bancorp by 16.9% in the second quarter. MML Investors Services LLC now owns 15,205 shares of the bank’s stock valued at $179,000 after buying an additional 2,197 shares in the last quarter. Finally, California State Teachers Retirement System bought a new position in shares of MidSouth Bancorp in the second quarter valued at $184,000. 52.31% of the stock is currently owned by institutional investors.

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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Earnings History and Estimates for MidSouth Bancorp (NYSE:MSL)

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