MidSouth Bancorp, Inc. (NYSE:MSL) – Analysts at FIG Partners cut their Q4 2017 earnings per share (EPS) estimates for MidSouth Bancorp in a note issued to investors on Wednesday. FIG Partners analyst B. Martin now expects that the bank will earn $0.06 per share for the quarter, down from their prior 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 equities research analysts have also recently issued reports on MSL. ValuEngine cut shares of MidSouth Bancorp from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Zacks Investment Research cut shares of MidSouth Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $12.00 price target on shares of MidSouth Bancorp in a report on Wednesday, October 4th. Four analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $14.00.

Shares of MidSouth Bancorp (MSL) opened at $14.30 on Thursday. 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 has a fifty-two week low of $11.05 and a fifty-two week high of $16.60. The stock has a market cap of $223.41, a PE ratio of -75.26 and a beta of 1.09.

MidSouth Bancorp (NYSE:MSL) last released its quarterly earnings results on Tuesday, October 24th. The bank reported $0.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.01. MidSouth Bancorp had a net margin of 0.94% and a return on equity of 1.43%. The company had revenue of $24.30 million during the quarter, compared to analysts’ expectations of $23.32 million.

Institutional investors and hedge funds have recently made changes to their positions in the company. Northern Trust Corp raised its position in shares of MidSouth Bancorp by 322.2% during the second 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. raised its position in shares of MidSouth Bancorp by 17.0% during the second 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 raised its position in shares of MidSouth Bancorp by 73.0% during the second 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 position in shares of MidSouth Bancorp during the second quarter valued at about $786,000. Finally, TIAA CREF Investment Management LLC raised its position in shares of MidSouth Bancorp by 140.0% during the second 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. 56.74% of the stock is owned by institutional investors and hedge funds.

In other news, Director Clayton Paul Hilliard sold 6,000 shares of the company’s stock in a transaction dated Friday, November 24th. The shares were 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 owns 113,785 shares of the company’s stock, valued at $1,446,207.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director C R. Cloutier sold 3,300 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $13.51, for a total transaction of $44,583.00. The disclosure for this sale can be found here. Insiders have sold 38,364 shares of company stock valued at $507,019 in the last ninety days. 19.84% of the stock is owned by company insiders.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.28%. The ex-dividend date of this dividend was Thursday, December 14th. MidSouth Bancorp’s dividend payout ratio is currently -21.05%.

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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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