Zacks: Brokerages Anticipate MidSouth Bancorp (MSL) Will Post Quarterly Sales of $23.58 Million
Analysts predict that MidSouth Bancorp (NYSE:MSL) will report sales of $23.58 million for the current quarter, according to Zacks. Two analysts have made estimates for MidSouth Bancorp’s earnings, with the highest sales estimate coming in at $23.60 million and the lowest estimate coming in at $23.56 million. MidSouth Bancorp reported sales of $23.31 million in the same quarter last year, which indicates a positive year-over-year growth rate of 1.2%. The company is scheduled to issue its next earnings report on Tuesday, January 30th.
On average, analysts expect that MidSouth Bancorp will report full year sales of $23.58 million for the current fiscal year, with estimates ranging from $93.40 million to $94.43 million. For the next financial year, analysts anticipate that the company will post sales of $95.04 million per share, with estimates ranging from $93.39 million to $96.70 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover MidSouth Bancorp.
MidSouth Bancorp (NYSE:MSL) last issued its quarterly earnings data on Tuesday, October 24th. The bank reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. MidSouth Bancorp had a net margin of 0.94% and a return on equity of 1.50%. The firm had revenue of $24.30 million for the quarter, compared to analyst estimates of $23.32 million.
Several research analysts have commented on the company. Zacks Investment Research downgraded MidSouth Bancorp from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $12.00 target price on shares of MidSouth Bancorp in a research note on Wednesday, October 4th. Stephens set a $16.00 target price on MidSouth Bancorp and gave the stock a “buy” rating in a research note on Tuesday, July 25th. Finally, Sandler O’Neill reissued a “buy” rating and set a $14.00 target price on shares of MidSouth Bancorp in a research note on Tuesday, September 5th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $15.33.
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In other news, Director C R. Cloutier sold 8,124 shares of the business’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $13.77, for a total transaction of $111,867.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 19.84% of the company’s stock.
Several large investors have recently added to or reduced their stakes in MSL. Thomson Horstmann & Bryant Inc. bought a new stake in shares of MidSouth Bancorp during the second quarter worth about $2,643,000. Ulysses Management LLC bought a new stake in shares of MidSouth Bancorp during the second quarter worth about $2,351,000. M3F Inc. bought a new stake in shares of MidSouth Bancorp during the second quarter worth about $1,421,000. State Street Corp bought a new stake in shares of MidSouth Bancorp during the second quarter worth about $1,164,000. Finally, Jacobs Asset Management LLC grew its holdings in shares of MidSouth Bancorp by 12.8% during the second quarter. Jacobs Asset Management LLC now owns 752,171 shares of the bank’s stock worth $8,838,000 after purchasing an additional 85,430 shares during the last quarter. Institutional investors own 52.29% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.31%. The ex-dividend date of this dividend is Thursday, December 14th. MidSouth Bancorp’s dividend payout ratio (DPR) is currently -21.05%.
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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