MidSouth Bancorp (MSL) Expected to Post Quarterly Sales of $23.49 Million

Wall Street brokerages forecast that MidSouth Bancorp (NYSE:MSL) will report $23.49 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 lowest sales estimate coming in at $23.10 million and the highest estimate coming in at $23.87 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 1.6%. The company is expected to issue its next quarterly earnings results on Thursday, April 26th.

According to Zacks, analysts expect that MidSouth Bancorp will report full-year sales of $23.49 million for the current fiscal year, with estimates ranging from $92.90 million to $95.48 million. For the next fiscal year, analysts forecast that the firm will report sales of $95.00 million per share, with estimates ranging from $94.59 million to $95.40 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover MidSouth Bancorp.

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MidSouth Bancorp (NYSE:MSL) last issued its quarterly earnings results on Tuesday, January 30th. The bank reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.22). The business had revenue of $25.50 million for the quarter, compared to analyst estimates 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 recently commented on MSL shares. Zacks Investment Research upgraded shares of MidSouth Bancorp from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Wednesday, January 31st. ValuEngine upgraded shares of MidSouth Bancorp from a “sell” rating to a “hold” rating in a report on Sunday. Hovde Group downgraded shares of MidSouth Bancorp from an “outperform” rating to a “market perform” rating and set a $15.00 target price for the company. in a research note on Wednesday, January 31st. Finally, FIG Partners raised shares of MidSouth Bancorp from a “market perform” rating to an “outperform” rating in a research note on Monday, April 2nd. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $14.60.

In other MidSouth Bancorp news, Director Andrew G. Hargroder sold 3,000 shares of MidSouth Bancorp stock in a transaction 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 completion of the sale, the director now directly owns 194,142 shares of the company’s stock, valued at $2,717,988. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Clayton Paul Hilliard sold 5,000 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $12.79, for a total transaction of $63,950.00. Following the sale, the director now directly owns 87,485 shares of the company’s stock, valued at $1,118,933.15. The disclosure for this sale can be found here. Insiders have sold 26,000 shares of company stock valued at $345,185 in the last three months. 19.84% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of the company. Hilton Capital Management LLC increased its position in shares of MidSouth Bancorp by 25.7% during the fourth quarter. Hilton Capital Management LLC now owns 38,185 shares of the bank’s stock worth $506,000 after acquiring an additional 7,810 shares in the last quarter. Millennium Management LLC increased its position in shares of MidSouth Bancorp by 3.9% during the fourth quarter. Millennium Management LLC now owns 230,566 shares of the bank’s stock worth $3,055,000 after acquiring an additional 8,715 shares in the last quarter. TIAA CREF Investment Management LLC boosted its holdings in MidSouth Bancorp by 31.1% during the fourth quarter. TIAA CREF Investment Management LLC now owns 32,260 shares of the bank’s stock worth $427,000 after purchasing an additional 7,654 shares during the last quarter. Deutsche Bank AG boosted its holdings in MidSouth Bancorp by 75.6% during the fourth quarter. Deutsche Bank AG now owns 88,203 shares of the bank’s stock worth $1,166,000 after purchasing an additional 37,968 shares during the last quarter. Finally, Basswood Capital Management L.L.C. boosted its holdings in MidSouth Bancorp by 46.5% during the fourth quarter. Basswood Capital Management L.L.C. now owns 1,142,420 shares of the bank’s stock worth $15,137,000 after purchasing an additional 362,440 shares during the last quarter. 58.11% of the stock is owned by institutional investors.

Shares of NYSE:MSL traded up $0.20 during mid-day trading on Friday, reaching $13.15. 28,163 shares of the company’s stock were exchanged, compared to its average volume of 45,158. The firm has a market cap of $216.79, a PE ratio of -48.70 and a beta of 1.22. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.82 and a current ratio of 0.83. MidSouth Bancorp has a twelve month low of $11.05 and a twelve month high of $16.60.

The company also recently announced a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Thursday, March 15th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date was Wednesday, March 14th. MidSouth Bancorp’s dividend payout ratio is presently -14.81%.

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MidSouth Bancorp Company Profile

MidSouth Bancorp, Inc, a bank holding company, through its subsidiary MidSouth Bank, N.A., provides various community banking products and services to commercial and retail customers in the United States. The company offers various deposit products, including interest-bearing and noninterest-bearing checking accounts, money market, savings accounts, investment accounts, and NOW account deposits, as well as time deposits, such as certificates of deposits; and commercial and industrial, commercial real estate, and consumer loans, as well as other loans secured by real estate.

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