MidSouth Bancorp, Inc. (MSL) Expected to Post Earnings of $0.12 Per Share

Wall Street analysts predict that MidSouth Bancorp, Inc. (NYSE:MSL) will post $0.12 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have made estimates for MidSouth Bancorp’s earnings. MidSouth Bancorp posted earnings per share of $0.15 in the same quarter last year, which would indicate a negative year-over-year growth rate of 20%. The business is scheduled to issue its next earnings results on Thursday, April 26th.

On average, analysts expect that MidSouth Bancorp will report full-year earnings of $0.73 per share for the current year, with EPS estimates ranging from $0.64 to $0.81. For the next financial year, analysts expect that the business will post earnings of $0.85 per share. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that that provide coverage for MidSouth Bancorp.

MidSouth Bancorp (NYSE:MSL) last released its earnings results on Tuesday, January 30th. The bank reported ($0.15) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.22). The firm had revenue of $25.50 million for the quarter, compared to the consensus estimate of $23.71 million. MidSouth Bancorp had a negative return on equity of 0.46% and a negative net margin of 11.48%.

A number of equities analysts have issued reports on MSL shares. ValuEngine cut MidSouth Bancorp from a “hold” rating to a “sell” rating in a report on Friday, December 22nd. Zacks Investment Research lowered shares of MidSouth Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. Finally, Hovde Group lowered shares of MidSouth Bancorp from an “outperform” rating to a “market perform” rating and set a $15.00 target price on the stock. in a report on Wednesday, January 31st. Three research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $14.60.

In other news, Director Clayton Paul Hilliard sold 5,000 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $12.85, for a total transaction of $64,250.00. Following the transaction, the director now owns 119,785 shares in the company, valued at $1,539,237.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andrew G. Hargroder sold 3,000 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $14.00, for a total transaction of $42,000.00. Following the transaction, the director now owns 194,142 shares in the company, valued at approximately $2,717,988. The disclosure for this sale can be found here. Insiders have sold 26,300 shares of company stock worth $348,000 in the last quarter. Company insiders own 19.84% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in MSL. Schwab Charles Investment Management Inc. acquired a new position in shares of MidSouth Bancorp during the second quarter valued at about $191,000. Bank of New York Mellon Corp lifted its holdings in shares of MidSouth Bancorp by 73.0% in the second quarter. Bank of New York Mellon Corp now owns 55,665 shares of the bank’s stock worth $654,000 after buying an additional 23,483 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of MidSouth Bancorp by 6,415.3% in the second quarter. JPMorgan Chase & Co. now owns 17,070 shares of the bank’s stock worth $201,000 after buying an additional 16,808 shares in the last quarter. Teachers Advisors LLC purchased a new position in shares of MidSouth Bancorp in the second quarter worth $205,000. Finally, TIAA CREF Investment Management LLC lifted its holdings in shares of MidSouth Bancorp by 140.0% in the second quarter. TIAA CREF Investment Management LLC now owns 23,762 shares of the bank’s stock worth $279,000 after buying an additional 13,862 shares in the last quarter. Hedge funds and other institutional investors own 55.57% of the company’s stock.

MidSouth Bancorp (MSL) traded up $0.10 during mid-day trading on Wednesday, reaching $12.75. The company’s stock had a trading volume of 9,867 shares, compared to its average volume of 51,835. The company has a market cap of $206.03, a PE ratio of -12.75 and a beta of 1.21. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.84 and a current ratio of 0.84. MidSouth Bancorp has a 52-week low of $11.05 and a 52-week high of $16.60.

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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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