$0.03 Earnings Per Share Expected for MidSouth Bancorp, Inc. (MSL) This Quarter

Equities research analysts predict that MidSouth Bancorp, Inc. (NYSE:MSL) will report earnings per share of $0.03 for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for MidSouth Bancorp’s earnings, with the highest EPS estimate coming in at $0.05 and the lowest estimate coming in at $0.01. MidSouth Bancorp posted earnings of $0.16 per share during the same quarter last year, which would indicate a negative year over year growth rate of 81.3%. The business is scheduled to announce its next earnings report on Monday, July 29th.

On average, analysts expect that MidSouth Bancorp will report full-year earnings of $0.14 per share for the current financial year, with EPS estimates ranging from $0.05 to $0.23. For the next year, analysts forecast that the firm will post earnings of $0.33 per share, with EPS estimates ranging from $0.20 to $0.45. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for MidSouth Bancorp.

MidSouth Bancorp (NYSE:MSL) last posted its earnings results on Tuesday, April 30th. The bank reported ($0.40) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.36). MidSouth Bancorp had a negative net margin of 35.50% and a negative return on equity of 7.05%. The company had revenue of $21.66 million during the quarter, compared to the consensus estimate of $20.37 million.

A number of research firms have recently weighed in on MSL. Zacks Investment Research lowered MidSouth Bancorp from a “hold” rating to a “strong sell” rating in a report on Saturday, May 4th. FIG Partners lowered MidSouth Bancorp from an “outperform” rating to a “market-perform” rating in a report on Wednesday, May 1st. Finally, Sandler O’Neill upgraded MidSouth Bancorp from a “hold” rating to a “buy” rating in a report on Monday, March 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $14.00.

A number of institutional investors have recently modified their holdings of MSL. BlackRock Inc. raised its stake in shares of MidSouth Bancorp by 3.2% in the third quarter. BlackRock Inc. now owns 818,494 shares of the bank’s stock valued at $12,605,000 after buying an additional 25,155 shares during the period. Dimensional Fund Advisors LP grew its position in MidSouth Bancorp by 7.5% during the third quarter. Dimensional Fund Advisors LP now owns 715,519 shares of the bank’s stock worth $11,019,000 after buying an additional 50,118 shares in the last quarter. Renaissance Technologies LLC grew its position in MidSouth Bancorp by 21.4% during the third quarter. Renaissance Technologies LLC now owns 433,000 shares of the bank’s stock worth $6,668,000 after buying an additional 76,400 shares in the last quarter. Vanguard Group Inc grew its position in MidSouth Bancorp by 0.6% during the third quarter. Vanguard Group Inc now owns 631,113 shares of the bank’s stock worth $9,720,000 after buying an additional 3,773 shares in the last quarter. Finally, Rhumbline Advisers grew its position in MidSouth Bancorp by 47.5% during the fourth quarter. Rhumbline Advisers now owns 20,634 shares of the bank’s stock worth $219,000 after buying an additional 6,648 shares in the last quarter. Institutional investors and hedge funds own 70.66% of the company’s stock.

Shares of MSL stock traded down $0.40 during trading hours on Wednesday, reaching $11.99. The company had a trading volume of 1,400 shares, compared to its average volume of 97,225. MidSouth Bancorp has a 12 month low of $10.07 and a 12 month high of $16.15. The company has a quick ratio of 0.73, a current ratio of 0.75 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $207.16 million, a PE ratio of -32.43 and a beta of 1.31.

About MidSouth Bancorp

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 deposit; and commercial and industrial, commercial real estate, and consumer loans, as well as other loans secured by real estate.

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Earnings History and Estimates for MidSouth Bancorp (NYSE:MSL)

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