Brokerages expect MidSouth Bancorp (NYSE:MSL) to post $0.08 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for MidSouth Bancorp’s earnings. The lowest EPS estimate is $0.07 and the highest is $0.08. MidSouth Bancorp posted earnings of $0.12 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 33.3%. The company is expected to announce its next earnings results on Tuesday, January 30th.
On average, analysts expect that MidSouth Bancorp will report full-year earnings of ($0.06) per share for the current financial year, with EPS estimates ranging from ($0.09) to ($0.04). For the next year, analysts forecast that the company will report earnings of $0.69 per share, with EPS estimates ranging from $0.55 to $0.78. Zacks’ 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 posted its quarterly earnings data on Tuesday, October 24th. The bank reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.01. The business had revenue of $24.30 million during the quarter, compared to the consensus estimate of $23.32 million. MidSouth Bancorp had a net margin of 0.94% and a return on equity of 1.50%.
A number of equities analysts recently weighed in on the stock. Stephens restated a “buy” rating and set a $15.00 target price on shares of MidSouth Bancorp in a report on Wednesday, August 2nd. Zacks Investment Research downgraded shares of MidSouth Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, October 26th. Sandler O’Neill restated a “buy” rating and set a $14.00 target price on shares of MidSouth Bancorp in a report on Tuesday, September 5th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $12.00 target price on shares of MidSouth Bancorp in a report on Wednesday, October 4th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. MidSouth Bancorp currently has an average rating of “Hold” and an average price target of $15.33.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.04 annualized dividend and a dividend yield of Infinity. MidSouth Bancorp’s dividend payout ratio is currently -21.05%.
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In other MidSouth Bancorp news, Director C R. Cloutier sold 8,124 shares of the company’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $13.77, for a total value of $111,867.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 19.84% of the stock is owned by insiders.
Several large investors have recently added to or reduced their stakes in the business. Jacobs Asset Management LLC increased its holdings in shares of MidSouth Bancorp by 12.8% in the second quarter. Jacobs Asset Management LLC now owns 752,171 shares of the bank’s stock valued at $8,838,000 after purchasing an additional 85,430 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of MidSouth Bancorp by 17.0% in the second quarter. Vanguard Group Inc. now owns 457,161 shares of the bank’s stock valued at $5,372,000 after purchasing an additional 66,563 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of MidSouth Bancorp by 9.6% in the second quarter. Dimensional Fund Advisors LP now owns 383,844 shares of the bank’s stock valued at $4,510,000 after purchasing an additional 33,622 shares during the last quarter. Thomson Horstmann & Bryant Inc. acquired a new position in shares of MidSouth Bancorp in the second quarter valued at $2,643,000. Finally, Ulysses Management LLC acquired a new position in shares of MidSouth Bancorp in the second quarter valued at $2,351,000. Hedge funds and other institutional investors own 52.29% of the company’s stock.
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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