MidSouth Bancorp, Inc. (NYSE:MSL) – Investment analysts at FIG Partners decreased their Q4 2017 EPS estimates for MidSouth Bancorp in a report issued on Wednesday, Zacks Investment Research reports. FIG Partners analyst B. Martin now anticipates that the bank will post earnings of $0.06 per share for the quarter, down from their previous forecast of $0.07. FIG Partners also issued estimates for MidSouth Bancorp’s Q2 2018 earnings at $0.18 EPS, Q3 2018 earnings at $0.24 EPS, Q4 2018 earnings at $0.27 EPS and FY2018 earnings at $0.81 EPS.
A number of other brokerages have also recently weighed in on MSL. Zacks Investment Research cut shares of MidSouth Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. ValuEngine cut shares of MidSouth Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, December 22nd. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $12.00 price target on shares of MidSouth Bancorp in a research report on Wednesday, October 4th. Four research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $14.00.
MidSouth Bancorp (NYSE:MSL) opened at $15.05 on Thursday. The firm has a market cap of $248.23, a price-to-earnings ratio of -79.21 and a beta of 1.09. MidSouth Bancorp has a 52-week low of $11.05 and a 52-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.
MidSouth Bancorp (NYSE:MSL) last announced its quarterly earnings results on Tuesday, October 24th. The bank reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. The company had revenue of $24.30 million for the quarter, compared to analysts’ expectations of $23.32 million. MidSouth Bancorp had a net margin of 0.94% and a return on equity of 1.43%.
Hedge funds have recently modified their holdings of the business. Northern Trust Corp increased its stake in MidSouth Bancorp by 322.2% in the 2nd quarter. Northern Trust Corp now owns 95,568 shares of the bank’s stock valued at $1,123,000 after buying an additional 72,930 shares during the last quarter. Vanguard Group Inc. increased its stake in MidSouth Bancorp by 17.0% in the 2nd quarter. Vanguard Group Inc. now owns 457,161 shares of the bank’s stock valued at $5,372,000 after buying an additional 66,563 shares during the last quarter. Bank of New York Mellon Corp increased its stake in MidSouth Bancorp by 73.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 55,665 shares of the bank’s stock valued at $654,000 after buying an additional 23,483 shares during the last quarter. Schneider Capital Management Corp acquired a new stake in MidSouth Bancorp in the 2nd quarter valued at $786,000. Finally, TIAA CREF Investment Management LLC increased its stake in MidSouth Bancorp by 140.0% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 23,762 shares of the bank’s stock valued at $279,000 after buying an additional 13,862 shares during the last quarter. Hedge funds and other institutional investors own 56.74% of the company’s stock.
In related news, 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 transaction of $44,583.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 sale, the director now owns 113,785 shares in the company, valued at $1,446,207.35. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,364 shares of company stock worth $507,019. 19.84% of the stock is currently owned by company insiders.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, December 15th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.27%. MidSouth Bancorp’s payout ratio is -21.05%.
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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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