Equities research analysts predict that MidSouth Bancorp, Inc. (NYSE:MSL) will report $23.68 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for MidSouth Bancorp’s earnings, with the highest sales estimate coming in at $23.87 million and the lowest estimate coming in at $23.48 million. MidSouth Bancorp posted sales of $23.11 million in the same quarter last year, which suggests a positive year over year growth rate of 2.5%. The business is scheduled to announce its next quarterly earnings results on Thursday, April 26th.
According to Zacks, analysts expect that MidSouth Bancorp will report full year sales of $23.68 million for the current year, with estimates ranging from $95.48 million to $97.10 million. For the next fiscal year, analysts expect that the firm will report sales of $94.59 million per share. Zacks’ sales calculations are an average based on a survey of research firms that cover MidSouth Bancorp.
MidSouth Bancorp (NYSE:MSL) last announced its quarterly earnings results on Tuesday, January 30th. The bank reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.22). MidSouth Bancorp had a negative return on equity of 0.46% and a negative net margin of 11.48%. The business had revenue of $25.50 million during the quarter, compared to the consensus estimate of $23.71 million.
Several research analysts have recently weighed in on the company. Zacks Investment Research cut MidSouth Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. ValuEngine cut MidSouth Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Finally, Hovde Group cut MidSouth Bancorp from an “outperform” rating to a “market perform” rating and set a $15.00 price objective for the company. in a research report on Wednesday, January 31st. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $14.60.
In related news, Director Clayton Paul Hilliard sold 6,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 113,785 shares of the company’s stock, valued at $1,446,207.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andrew G. Hargroder sold 3,000 shares of the stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $14.00, for a total value of $42,000.00. Following the transaction, the director now directly owns 194,142 shares of the company’s stock, valued at $2,717,988. The disclosure for this sale can be found here. Insiders have sold 20,300 shares of company stock valued at $270,550 over the last ninety days. 19.84% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. New York State Common Retirement Fund acquired a new position in MidSouth Bancorp during the second quarter valued at approximately $112,000. Rhumbline Advisers acquired a new position in MidSouth Bancorp during the third quarter valued at approximately $123,000. Hotchkis & Wiley Capital Management LLC acquired a new position in MidSouth Bancorp during the third quarter valued at approximately $136,000. California State Teachers Retirement System acquired a new position in MidSouth Bancorp during the second quarter valued at approximately $184,000. Finally, Schwab Charles Investment Management Inc. acquired a new position in MidSouth Bancorp during the second quarter valued at approximately $191,000. 55.23% of the stock is owned by hedge funds and other institutional investors.
Shares of MidSouth Bancorp (NYSE MSL) remained flat at $$12.60 during trading on Friday. The stock had a trading volume of 21,500 shares, compared to its average volume of 51,818. MidSouth Bancorp has a 1-year low of $11.05 and a 1-year high of $16.60. The company has a market capitalization of $208.51, a P/E ratio of -12.60 and a beta of 1.21. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.11.
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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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