FY2017 EPS Estimates for MidSouth Bancorp, Inc. Cut by FIG Partners (MSL)

MidSouth Bancorp, Inc. (NYSE:MSL) – FIG Partners lowered their FY2017 earnings per share estimates for shares of MidSouth Bancorp in a research report issued on Wednesday. FIG Partners analyst B. Martin now forecasts that the bank will earn ($0.10) per share for the year, down from their prior estimate of ($0.09).

MidSouth Bancorp (NYSE:MSL) last announced its quarterly earnings results on Tuesday, October 24th. The bank reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.01. MidSouth Bancorp had a net margin of 0.94% and a return on equity of 1.43%. The company had revenue of $24.30 million for the quarter, compared to analysts’ expectations of $23.32 million.

Other equities research analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of 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 price objective on shares of MidSouth Bancorp in a research note on Wednesday, October 4th. Finally, ValuEngine lowered shares of MidSouth Bancorp from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Four equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $14.00.

Shares of MidSouth Bancorp (MSL) opened at $13.70 on Friday. MidSouth Bancorp has a 52 week low of $11.05 and a 52 week high of $16.60. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.84 and a current ratio of 0.84. The company has a market cap of $223.41, a PE ratio of -72.11 and a beta of 1.09.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th were paid a $0.01 dividend. The ex-dividend date was Thursday, December 14th. This represents a $0.04 annualized dividend and a dividend yield of 0.29%. MidSouth Bancorp’s dividend payout ratio is presently -21.05%.

In other news, Director Clayton Paul Hilliard sold 6,000 shares of the company’s stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $12.71, for a total value of $76,260.00. Following the transaction, the director now owns 113,785 shares in the company, valued at $1,446,207.35. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director C R. Cloutier sold 6,700 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $13.51, for a total transaction of $90,517.00. Following the completion of the transaction, the director now owns 220,342 shares in the company, valued at approximately $2,976,820.42. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,364 shares of company stock worth $507,019. Insiders own 19.84% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. New York State Common Retirement Fund bought a new position in shares of MidSouth Bancorp in the second quarter worth approximately $112,000. Rhumbline Advisers bought a new position in MidSouth Bancorp during the third quarter valued at approximately $123,000. Hotchkis & Wiley Capital Management LLC bought a new position in MidSouth Bancorp during the third quarter valued at approximately $136,000. MML Investors Services LLC lifted its position in MidSouth Bancorp by 16.9% during the second quarter. MML Investors Services LLC now owns 15,205 shares of the bank’s stock valued at $179,000 after purchasing an additional 2,197 shares during the period. Finally, California State Teachers Retirement System bought a new position in MidSouth Bancorp during the second quarter valued at approximately $184,000. Hedge funds and other institutional investors own 56.74% of the company’s stock.

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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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