Zacks: Brokerages Anticipate MidSouth Bancorp, Inc. (MSL) Will Post Quarterly Sales of $20.37 Million

Equities research analysts predict that MidSouth Bancorp, Inc. (NYSE:MSL) will post sales of $20.37 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for MidSouth Bancorp’s earnings, with estimates ranging from $19.93 million to $20.80 million. MidSouth Bancorp posted sales of $22.20 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 8.2%. The firm is scheduled to announce its next quarterly earnings results on Thursday, April 25th.

On average, analysts expect that MidSouth Bancorp will report full year sales of $82.68 million for the current year, with estimates ranging from $80.35 million to $85.00 million. For the next year, analysts anticipate that the business will post sales of $83.81 million, with estimates ranging from $79.91 million to $87.70 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for MidSouth Bancorp.

MidSouth Bancorp (NYSE:MSL) last issued its quarterly earnings data on Wednesday, January 30th. The bank reported ($0.66) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.46). The firm had revenue of $21.99 million for the quarter, compared to analysts’ expectations of $20.94 million. MidSouth Bancorp had a negative return on equity of 1.85% and a negative net margin of 28.94%.

A number of equities analysts recently issued reports on the company. Zacks Investment Research lowered MidSouth Bancorp from a “buy” rating to a “hold” rating in a report on Friday, February 1st. FIG Partners raised MidSouth Bancorp from a “market-perform” rating to an “outperform” rating in a report on Thursday, January 31st. ValuEngine lowered MidSouth Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Finally, Sandler O’Neill raised MidSouth Bancorp from a “hold” rating to a “buy” rating in a report on Monday, March 25th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. MidSouth Bancorp presently has a consensus rating of “Hold” and an average price target of $14.00.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. boosted its holdings in MidSouth Bancorp by 3.6% in the 4th quarter. BlackRock Inc. now owns 847,551 shares of the bank’s stock valued at $8,984,000 after purchasing an additional 29,057 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of MidSouth Bancorp by 9.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 780,852 shares of the bank’s stock valued at $8,277,000 after acquiring an additional 65,333 shares during the period. Vanguard Group Inc lifted its position in shares of MidSouth Bancorp by 0.6% during the 3rd quarter. Vanguard Group Inc now owns 631,113 shares of the bank’s stock valued at $9,720,000 after acquiring an additional 3,773 shares during the period. Renaissance Technologies LLC raised its position in shares of MidSouth Bancorp by 21.4% during the 3rd quarter. Renaissance Technologies LLC now owns 433,000 shares of the bank’s stock worth $6,668,000 after purchasing an additional 76,400 shares during the last quarter. Finally, Maltese Capital Management LLC raised its position in shares of MidSouth Bancorp by 410.0% during the 3rd quarter. Maltese Capital Management LLC now owns 235,000 shares of the bank’s stock worth $3,619,000 after purchasing an additional 188,922 shares during the last quarter. 70.59% of the stock is currently owned by institutional investors.

Shares of NYSE MSL traded down $0.23 during midday trading on Thursday, reaching $12.04. 14,442 shares of the company were exchanged, compared to its average volume of 69,688. The company has a quick ratio of 0.73, a current ratio of 0.75 and a debt-to-equity ratio of 0.15. MidSouth Bancorp has a 1 year low of $10.07 and a 1 year high of $16.15. The firm has a market cap of $201.24 million, a P/E ratio of -32.54 and a beta of 1.31.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 15th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date of this dividend was Thursday, March 14th. MidSouth Bancorp’s dividend payout ratio is presently -10.81%.

About MidSouth Bancorp

MidSouth Bancorp, Inc offers banking products and services. It offers demand deposits and interest and non-interest bearing time and savings deposits. It's deposits include jumbo deposits and retail time deposits. It provides commercial and industrial loans, consumer loans, commercial real estate loans, and other loans and leases.

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