Zacks: Analysts Expect MidSouth Bancorp (MSL) to Announce $0.08 EPS
Wall Street analysts expect that MidSouth Bancorp (NYSE:MSL) will post $0.08 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for MidSouth Bancorp’s earnings. The highest EPS estimate is $0.08 and the lowest is $0.07. MidSouth Bancorp reported earnings per share of $0.12 during the same quarter last year, which would suggest a negative year-over-year growth rate of 33.3%. The company is expected to announce its next earnings report on Tuesday, January 30th.
According to Zacks, 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 fiscal year, analysts anticipate that the business will post earnings of $0.69 per share, with EPS estimates ranging from $0.55 to $0.78. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow MidSouth Bancorp.
MidSouth Bancorp (NYSE:MSL) last announced its quarterly earnings data on Tuesday, October 24th. The bank reported $0.07 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 business had revenue of $24.30 million during the quarter, compared to analyst estimates of $23.32 million.
Several research analysts recently issued reports on MSL shares. Zacks Investment Research raised shares of MidSouth Bancorp from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Wednesday, October 25th. Sandler O’Neill reissued a “buy” rating and issued a $14.00 price target on shares of MidSouth Bancorp in a research report on Tuesday, September 5th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $12.00 price target on shares of MidSouth Bancorp in a research report on Wednesday, October 4th. Finally, Stephens reissued a “buy” rating and issued a $15.00 price target on shares of MidSouth Bancorp in a research report on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $15.33.
In other MidSouth Bancorp news, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Clayton Paul Hilliard sold 5,000 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $12.90, for a total transaction of $64,500.00. Following the sale, the director now directly owns 129,785 shares in the company, valued at $1,674,226.50. The disclosure for this sale can be found here. Insiders have sold 27,364 shares of company stock worth $366,509 over the last ninety days. Insiders own 19.84% of the company’s stock.
A number of institutional investors have recently modified their holdings of the business. Jacobs Asset Management LLC grew its stake in MidSouth Bancorp by 23.3% during the third quarter. Jacobs Asset Management LLC now owns 927,469 shares of the bank’s stock worth $11,176,000 after buying an additional 175,298 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in MidSouth Bancorp by 20.4% during the third quarter. Dimensional Fund Advisors LP now owns 462,071 shares of the bank’s stock worth $5,568,000 after buying an additional 78,227 shares during the last quarter. Vanguard Group Inc. grew its stake in MidSouth Bancorp by 17.0% during the second quarter. Vanguard Group Inc. now owns 457,161 shares of the bank’s stock worth $5,372,000 after buying an additional 66,563 shares during the last quarter. Thomson Horstmann & Bryant Inc. bought a new stake in MidSouth Bancorp during the second quarter worth about $2,643,000. Finally, Ulysses Management LLC bought a new stake in MidSouth Bancorp during the second quarter worth about $2,351,000. 50.13% of the stock is currently owned by hedge funds and other institutional investors.
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MidSouth Bancorp (NYSE MSL) traded down $0.15 during trading hours on Monday, reaching $12.75. 63,800 shares of the company traded hands, compared to its average volume of 60,570. MidSouth Bancorp has a 52-week low of $11.05 and a 52-week high of $16.60. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.84 and a quick ratio of 0.84.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, December 15th will be paid a dividend of $0.01 per share. The ex-dividend date is Thursday, December 14th. This represents a $0.04 annualized dividend and a yield of 0.31%. MidSouth Bancorp’s dividend payout ratio is -21.05%.
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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