Zacks: Brokerages Expect MidSouth Bancorp, Inc. (MSL) Will Post Quarterly Sales of $23.71 Million
Brokerages expect MidSouth Bancorp, Inc. (NYSE:MSL) to announce sales of $23.71 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for MidSouth Bancorp’s earnings. The highest sales estimate is $23.85 million and the lowest is $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 1.7%. The firm is expected to issue its next earnings report on Tuesday, January 30th.
On average, analysts expect that MidSouth Bancorp will report full-year sales of $23.71 million for the current financial year, with estimates ranging from $94.40 million to $94.43 million. For the next year, analysts forecast that the company will report sales of $95.25 million per share, with estimates ranging from $93.39 million to $97.10 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that follow MidSouth Bancorp.
MidSouth Bancorp (NYSE:MSL) last released its quarterly earnings results on Tuesday, October 24th. The bank reported $0.07 EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $24.30 million during the quarter, compared to analyst estimates of $23.32 million.
MidSouth Bancorp (NYSE:MSL) traded down $0.45 during midday trading on Friday, hitting $14.65. 52,162 shares of the stock traded hands, compared to its average volume of 46,862. MidSouth Bancorp has a 12-month low of $11.05 and a 12-month high of $16.60. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.11.
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 15th were given a $0.01 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.04 dividend on an annualized basis and a yield of 0.27%. MidSouth Bancorp’s dividend payout ratio is presently -21.05%.
In other news, Director Clayton Paul Hilliard sold 6,000 shares of the firm’s stock in a transaction on 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 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 accessible through this link. Also, Director C R. Cloutier sold 3,300 shares of the firm’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $13.51, for a total value of $44,583.00. 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.
Institutional investors have recently made changes to their positions in the company. Thomson Horstmann & Bryant Inc. grew its stake in MidSouth Bancorp by 101.6% in the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 444,578 shares of the bank’s stock valued at $5,890,000 after purchasing an additional 224,019 shares during the last quarter. Ulysses Management LLC purchased a new position in MidSouth Bancorp in the second quarter valued at about $2,351,000. Jacobs Asset Management LLC grew its stake in MidSouth Bancorp by 23.3% in the third quarter. Jacobs Asset Management LLC now owns 927,469 shares of the bank’s stock valued at $11,176,000 after purchasing an additional 175,298 shares during the last quarter. State Street Corp purchased a new position in MidSouth Bancorp in the second quarter valued at about $1,164,000. Finally, ELCO Management Co. LLC acquired a new stake in MidSouth Bancorp in the second quarter worth about $950,000. 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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