Analysts Expect MidSouth Bancorp (MSL) to Post -$0.07 EPS

Equities research analysts expect MidSouth Bancorp (NYSE:MSL) to announce earnings per share of ($0.07) for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for MidSouth Bancorp’s earnings, with the lowest EPS estimate coming in at ($0.09) and the highest estimate coming in at ($0.05). MidSouth Bancorp posted earnings of ($0.38) per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 81.6%. The business is scheduled to report its next quarterly earnings results on Tuesday, July 24th.

On average, analysts expect that MidSouth Bancorp will report full-year earnings of $0.23 per share for the current financial year. For the next year, analysts anticipate that the company will report earnings of $0.69 per share, with EPS estimates ranging from $0.67 to $0.70. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for MidSouth Bancorp.

MidSouth Bancorp (NYSE:MSL) last announced its quarterly earnings results on Thursday, April 26th. The bank reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.29. The company had revenue of $22.20 million for the quarter, compared to analyst estimates of $23.49 million. MidSouth Bancorp had a negative net margin of 13.67% and a positive return on equity of 0.40%.

MSL has been the topic of several research reports. Zacks Investment Research raised 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 raised shares of MidSouth Bancorp from a “sell” rating to a “hold” rating in a report on Sunday, April 8th. Hovde Group lowered shares of MidSouth Bancorp from an “outperform” rating to a “market perform” rating and set a $15.00 price target on the stock. in a report on Wednesday, January 31st. Finally, FIG Partners raised shares of MidSouth Bancorp from a “market perform” rating to an “outperform” rating in a report 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 assigned a hold rating and three have issued a buy rating to the company. MidSouth Bancorp presently has a consensus rating of “Hold” and a consensus price target of $14.60.

In related news, Director Clayton Paul Hilliard sold 5,000 shares of MidSouth Bancorp stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $12.96, for a total transaction of $64,800.00. Following the sale, the director now directly owns 82,485 shares in the company, valued at approximately $1,069,005.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Over the last quarter, insiders have sold 16,700 shares of company stock worth $215,145. 19.84% of the stock is owned by corporate insiders.

A number of large investors have recently bought and sold shares of the stock. Millennium Management LLC boosted its position in MidSouth Bancorp by 18.9% during the 1st quarter. Millennium Management LLC now owns 274,199 shares of the bank’s stock worth $3,469,000 after buying an additional 43,633 shares during the period. Ancora Advisors LLC boosted its position in MidSouth Bancorp by 8.4% during the 1st quarter. Ancora Advisors LLC now owns 88,618 shares of the bank’s stock worth $1,121,000 after buying an additional 6,876 shares during the period. Jacobs Asset Management LLC boosted its position in MidSouth Bancorp by 7.7% during the 1st quarter. Jacobs Asset Management LLC now owns 1,010,588 shares of the bank’s stock worth $12,784,000 after buying an additional 72,525 shares during the period. Mendon Capital Advisors Corp boosted its position in MidSouth Bancorp by 6.7% during the 1st quarter. Mendon Capital Advisors Corp now owns 677,045 shares of the bank’s stock worth $8,564,000 after buying an additional 42,315 shares during the period. Finally, RMB Capital Management LLC boosted its position in MidSouth Bancorp by 5.8% during the 1st quarter. RMB Capital Management LLC now owns 804,414 shares of the bank’s stock worth $10,176,000 after buying an additional 43,926 shares during the period. Institutional investors and hedge funds own 57.08% of the company’s stock.

Shares of MidSouth Bancorp traded up $0.15, hitting $14.40, during midday trading on Thursday, Marketbeat.com reports. 58,200 shares of the company traded hands, compared to its average volume of 42,156. The company has a quick ratio of 0.82, a current ratio of 0.84 and a debt-to-equity ratio of 0.05. MidSouth Bancorp has a 12 month low of $14.20 and a 12 month high of $14.25.

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 deposits; 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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