Brokerages Anticipate MidSouth Bancorp, Inc. (MSL) Will Post Quarterly Sales of $23.58 Million
Brokerages forecast that MidSouth Bancorp, Inc. (NYSE:MSL) will announce $23.58 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for MidSouth Bancorp’s earnings, with estimates ranging from $23.56 million to $23.60 million. MidSouth Bancorp posted sales of $23.31 million in the same quarter last year, which would indicate a positive year over year growth rate of 1.2%. The business is scheduled to announce its next quarterly earnings results 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 forecast that the firm will post sales of $95.04 million per share, with estimates ranging from $93.39 million to $96.70 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for MidSouth Bancorp.
MidSouth Bancorp (NYSE:MSL) last issued its quarterly earnings data on Tuesday, October 24th. The bank reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. MidSouth Bancorp had a net margin of 0.94% and a return on equity of 1.43%. The business had revenue of $24.30 million for the quarter, compared to analysts’ expectations of $23.32 million.
Shares of MidSouth Bancorp (NYSE MSL) traded down $0.30 during midday trading on Friday, hitting $13.25. 29,477 shares of the company were exchanged, compared to its average volume of 56,975. MidSouth Bancorp has a fifty-two week low of $11.05 and a fifty-two week high of $16.60. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.11.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, December 15th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date of this dividend is Thursday, December 14th. MidSouth Bancorp’s payout ratio is currently -21.05%.
In related news, Director Clayton Paul Hilliard sold 6,000 shares of MidSouth Bancorp stock in a transaction dated Friday, November 24th. The stock was sold at an average price of $12.71, for a total transaction of $76,260.00. Following the transaction, the director now directly owns 113,785 shares of the company’s stock, valued at $1,446,207.35. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director C R. Cloutier sold 8,124 shares of MidSouth Bancorp stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $13.77, for a total value of $111,867.48. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,364 shares of company stock worth $507,019. 19.84% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in MSL. Vanguard Group Inc. grew its holdings in MidSouth Bancorp by 2.0% during the first quarter. Vanguard Group Inc. now owns 390,598 shares of the bank’s stock worth $5,976,000 after acquiring an additional 7,844 shares during the period. Dimensional Fund Advisors LP increased its stake in MidSouth Bancorp by 7.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 350,222 shares of the bank’s stock worth $5,358,000 after purchasing an additional 23,909 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in MidSouth Bancorp in the 1st quarter worth about $515,000. Strs Ohio purchased a new position in MidSouth Bancorp in the 2nd quarter worth about $360,000. Finally, Municipal Employees Retirement System of Michigan purchased a new position in MidSouth Bancorp in the 2nd quarter worth about $550,000. 56.74% of the stock is currently owned by hedge funds and other institutional investors.
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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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